Insurance Gap Analysis

Risk Gap Analysis involves the review of risks against existing insurance policies and the disclosures made to Underwriters when taking out those policies.

Our Risk Gap Analysis involves the following processes:

• Review current risk registers.
• Facilitate discussion with key personnel on key business risks.
• Ascertain those risks which are traditionally insurable.
• Review current policies to determine if insurance exists or is adequate.
• Advise if the disclosure process to Underwriters is adequate based on the review of risks undertaken.

During the Risk Review process, it is common for our Risk Adviser to uncover risks which may impact on other insurance policies such as Industrial Special Risks (including Consequential Loss), Liability, and Cyber Risks etc.

This information can be used to explore any gaps or non-disclosure in relation to other policies of insurance.

A diagram of our insurance gap analysis follows: