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Success Story - "Property & Casualty Policies"
 
Company Description
 
Auto Leasing and Auto Garage Services
 
Company Situation
and Problem

– A long term relationship existed with the client and a direct insurance
    company (no broker)
– No independent consultant (non-broker) ever reviewed contractual
    terms, conditions and pricing
– Directors and Officers’ policy purchased on a local basis
– Unique class of business (auto leasing and auto garage liability) and
    client thought market was limited
 

Paladin Actions & Recommendations – Paladin’s Strategic Insurance Partner worked closely with the Risk Manager and
   CFO to review insurance costs, claims data and internal work flow
– Summarized and distilled coverages, limits, deductibles and premium costs …
    benchmarking information
– Utilized unique proprietary database (The CMR Database®) to confidentially
    compare the client’s portfolio characteristics to their national peers to
    determine areas for improvement  – quantitatively and qualitatively
– Developed bid specifications Request for Proposal (RFP) and, through the
   database, electronically sourced and matched qualified industry candidates
    who could offer new national market access and policies

 
Client Results = New broker specialist and insurance carrier was accessed from outside the client’s localized territory
= Garage Umbrella Premiums reduced by 29% annually by connecting the client to a car leasing and garage liability specialist broker with 20 new insurance companies reviewing the RFP
= Proved to be less expensive to add the new broker layer compared with buying directly from the old carrier
= Directors and Officers’ Liability policy premium reduced by 70% with no diminution in coverage, limits or deductibles
= Client availed themselves of a superior brokerage service team and servicing platform helping save internal time and reduce future losses
 
 
Results Vary Depending upon Clients’ Services Selected, Level of Expertise and Most Recent Actions…
Each Solution is Customized to the Client’s Situation
  
 

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