Insurance and Risk Transfer Advisory
Connecting risk analysis to how identified risk is actually funded — retained, mitigated, or transferred through insurance.
What’s included
- Insurance requirement identification across project phases.
- Proposed insurance programme adequacy and gap review.
- Retained versus transferred risk allocation advisory.
- Contract insurance clause and indemnity review.
- Risk funding strategy recommendation for project leadership.
- Insurance and risk transfer section in project risk report.
Quantifying risk only tells a project how much it is exposed to — a separate discipline is needed to determine how that exposure should actually be funded: which risks are best retained within the project's contingency, which are best mitigated through design or procurement decisions, and which are most efficiently transferred through insurance products. Insurance and risk transfer advisory addresses this, helping clients understand their options and structure risk funding appropriately across a project's life.
This service connects risk analysis directly to practical financial decisions — advising on appropriate insurance provision for each project phase, reviewing proposed insurance programmes for adequacy and gaps, and helping clients understand what they are and are not protected against before a claim arises rather than after. It draws on our quantitative risk analysis outputs and connects with our procurement and contract risk work, where risk transfer through contract is the alternative to risk transfer through insurance.
Other parts of Risk Management
