Greyling Insurance Brokerage & Risk Consulting, a division of EPIC’s Post

Artificial Intelligence (AI) holds great promise for engineering firms and businesses of all types. Right now, though, considering the use of AI in your design and construction practice may feel like looking up into the clouds trying to see the top of the mountain. Greyling Insurance Brokerage & Risk Consulting, a division of EPIC Executive Managing Principal Leo Argiris, PE, LEED AP provides valuable perspective for A/E/C businesses considering how - and even whether - to embrace AI, and manage the risks it may pose, in our latest #Insights offering. #ArtificialIntelligence #AECIndustry #Insurance #RiskManagement #Greyling #EPICBrokers

We've put together a series of case studies breaking down some of the best outcomes our clients have had making the choice to work with Summit. Next up in our case study series from Summit 🏔, an Engineering Firm! In our latest case study, an engineering firm faced significant challenges with their existing insurance coverage. Their risk management procedures and accurate revenue figures were not adequately reflected in their insurance submissions, resulting in higher premiums and inadequate coverage.. https://hubs.la/Q02Jtplb0 #casestudy #architects #engineers #riskmanagement #insurance

PredictiveAnalytics have the power to unlock new business growth and boost profitability. The key to getting there? A technological platform that is: 💡 Innovative 🏃 Agile 🧑💻 Integrated Learn how the right technological infrastructure behind your predictive modeling will catapult your business towards better priced risks, more favorable loss ratios and new revenue streams. 👉 https://lnkd.in/ezedjqgG #CommercialLineInsurers #PersonalLineInsurers

Transforming Claims Management: A Data-Driven Revolution In the ever-evolving landscape of insurance, strategic claims segmentation is emerging as a game-changer. 🚀 Gone are the days of traditional methods that merely scratch the surface of data’s potential. Today, we’re diving deeper, leveraging the power of data to drive insightful and proactive decisions in claims handling. ✨ Why Strategic Segmentation Matters Strategic segmentation transcends conventional boundaries by considering each claim’s unique characteristics. This approach ensures more precise adjudication and aligns resources efficiently, addressing the pressing challenges of rising loss costs and expenses. 🔍 The Benefits Unveiled Operational Excellence: Streamlines resource allocation, fostering a leaner operating model. Customer Delight: Matches claims with the apt claims handler, enhancing satisfaction. Financial Prudence: Manages loss exposure meticulously, ensuring payment accuracy. 🚀 Implementing the Change The journey begins with data discovery, assessing the severity and complexity of risks. It’s a collaborative effort, blending technology and human expertise to craft a strategy that’s continuously refined to stay ahead of market trends. 🧩 Overcoming Challenges Adoption hurdles like data quality and change resistance are real, but not insurmountable. Investing in data infrastructure and clear communication of benefits paves the way for a smoother transition. 📈 Measuring Success Key performance indicators such as reduced claims costs and improved risk management are the compass guiding this strategic shift. Let’s embrace this data-driven revolution and redefine the future of claims management! 💡 #InsuranceInnovation #ClaimsManagement #DataDriven #StrategicSegmentation

PredictiveAnalytics have the power to unlock new business growth and boost profitability. The key to getting there? A technological platform that is: 💡 Innovative 🏃 Agile 🧑💻 Integrated Learn how the right technological infrastructure behind your predictive modeling will catapult your business towards better priced risks, more favorable loss ratios and new revenue streams. 👉 https://lnkd.in/e4_paieV #CommercialLineInsurers #PersonalLineInsurers

How does a shared risk payment model benefit our Stellarmann Associates? Hopefully many of you will know that at Stellarmann, our costs are dependent on achieving specific project deliverables. From a client perspective, this helps ensure value for money and gives contractors a real vested interested in and accountability for the project success.   But what benefit is there to being an Associate under this "outcomes based" model?   Firstly, the deliverables set will always be realistically achievable and our Engagement Delivery Managers and Account Managers are on hand to support you.   Having clear milestones and objectives for each month helps keep engagement high and avoid feeling disassociated from the project or organisation. Our teams are also working towards a common goal and share an interest in the overall company objectives; this fosters a real positive culture both in our Stellarmann teams and between Associates and the client.   The deliverables are set on a fixed price model, meaning the payment is based on meeting the scope rather than the days you work offering better financial incentive based on output.   Our latest Associate Survey scored 91% satisfaction, and fostering an environment where our teams are supported, happy and successful is central to the Stellarmann approach. If you are interested in how this works in practice, from either a client or candidate perspective, just drop me a note for a chat.   #paymentmodel #sharedrisk #outsideir35 #consulting

4 Megatrends Shaping Global Business & Claims Management The business world is changing fast, and four key megatrends are having a huge impact on how companies operate. This is especially true when it comes to managing claims, which need to keep up with these evolving challenges. 1. Digital Transformation Technology is changing everything—AI, automation, and digital tools are driving businesses forward. In claims management, this means faster processing, more accurate assessments, and better customer service through tech. It’s about making things smoother and more efficient. 2. Climate Change We’re seeing more extreme weather events, which creates new risks for businesses. Claims management needs to adapt, making sure climate risks are properly covered. It’s crucial to use climate data to stay ahead of potential property damage and liability claims. 3. Global Supply Chain Complexity With businesses operating globally, supply chain disruptions are becoming more common, and they’re causing real problems—like revenue losses and liability issues. Claims managers need to stay proactive, build resilient systems, and ensure policies cover these new risks. 4. Changing Workforce Remote work and the rise of the gig economy are changing how we think about employment and risk. Claims strategies need to evolve to handle everything from workers’ comp to cybersecurity, ensuring coverage is flexible and meets modern needs. By staying ahead of these trends, businesses can ensure their claims management strategies are not only ready for today but prepared for the future.

Property managers—Are you tired of juggling multiple spreadsheets, calendars, and systems to manage compliance? PRISM is here to revolutionise your workflow, making compliance management smooth, efficient, and stress-free. Ditch the outdated methods of managing risks and tasks. With PRISM, you can centralise your operations using customisable workflows, real-time analytics, and APIs—all accessible from anywhere, 24/7. PRISM empowers you to gain full control over your tasks, actions, and deadlines, eliminating the hassle of disjointed management systems. Join our upcoming live webinar to see PRISM in action and discover how it can transform your property management strategies, allowing you to work smarter, not harder. What You’ll Learn in the Webinar: ✅ Effortless Compliance Management: See how PRISM helps you navigate regulatory requirements with ease, supporting the Golden Thread of Information. ✅ Efficient Task and Action Management: Discover how to manage your responsibilities with ease and confidence. ✅ Real-Time Data and Insights: Discover how to leverage up-to-the-minute information to make well-informed decisions. Webinar Details: 📅 Date: Thursday, 19th September 2024 ⏱️ Time: 11:00am – 12:00pm 💻 Platform: Teams 👉 Secure your free spot for this webinar at:  https://lnkd.in/eP-zVc_G Can't make it live? Register anyway, and we'll send you the recording to watch at your convenience. #PropertyManagement #Compliance #RiskManagement #PropTech #TeamTetra 

Insurer projects need strong project management due to their complexity and cost. Yet, many transformations face ongoing changes in scope and costs post-approval. Discover more about this challenge and solutions in our latest blog post! Read now! ➡️ https://okt.to/i9tExY #insurance #changemanagement #projectmanagement

Insurer projects need strong project management due to their complexity and cost. Yet, many transformations face ongoing changes in scope and costs post-approval. Discover more about this challenge and solutions in our latest blog post! Read now! ➡️ https://okt.to/nXRd1S #insurance #changemanagement #projectmanagement