Risk Management
Helping brokers deliver proactive and tailored risk management solutions to safeguard clients and support long-term business growth.
Risk management is at the heart of effective insurance solutions, helping businesses identify, assess, and mitigate potential exposures. For brokers, offering comprehensive risk management services adds value by ensuring clients are better protected, reducing claims frequency, and fostering long-term relationships.
Our risk management services focus on providing brokers with tools, insights, and strategies to help their clients minimise vulnerabilities. From identifying emerging risks to implementing loss prevention measures, we empower brokers to deliver proactive solutions tailored to their clients’ unique needs. Whether your clients face operational, financial, or regulatory challenges, our expertise ensures they have the support they need to navigate risks effectively and confidently.
Our expertise. Risk Management.
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Risk Assessment and Profiling
We assist brokers in conducting detailed risk assessments for their clients, identifying vulnerabilities, and understanding potential exposures. This process involves evaluating operational risks, industry-specific challenges, and external factors such as market volatility or regulatory changes.
Our comprehensive risk profiling helps brokers present a clear and actionable overview to their clients. By providing tailored recommendations, brokers can position themselves as trusted advisors, offering solutions that align with client goals while minimising future uncertainties.
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Tailored Risk Mitigation Strategies
Every client’s risk profile is unique, requiring bespoke mitigation plans. We collaborate with brokers to design targeted strategies that address specific exposures, from operational risks to catastrophic events.
Our solutions include recommending preventive measures, such as enhanced safety protocols, contingency planning, or contractual risk transfer. By equipping brokers with these tools, we ensure they can guide clients in reducing the likelihood and impact of potential losses.
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Loss Prevention and Control
Preventing losses is key to maintaining client satisfaction and insurer confidence. We support brokers in implementing robust loss control programmes, focusing on areas such as workplace safety, equipment maintenance, and regulatory compliance.
These proactive measures help reduce claims frequency and severity, leading to lower premiums and better financial outcomes for clients. By offering comprehensive loss prevention strategies, brokers can strengthen their relationships with both clients and insurers.
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Emerging Risk Management
The risk landscape is constantly evolving, and businesses are being affected by new challenges such as cyber threats, supply chain disruptions, and climate change. We provide brokers with insights into emerging risks, helping them anticipate client needs and stay ahead of industry trends.
By understanding and addressing these risks early, brokers can offer forward-thinking solutions that protect clients in an increasingly complex environment. Our expertise ensures that brokers remain proactive, relevant, and prepared for future challenges.
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Ongoing Risk Monitoring and Optimisation
Risk management is not a one-time process. We provide brokers with tools and support for ongoing risk monitoring, ensuring that strategies remain effective as circumstances change.
Regular performance reviews, data analysis, and updates to mitigation plans ensure that clients are always well-protected. By maintaining a dynamic approach to risk management, brokers can build long-term client trust and ensure sustained business success.
We assist brokers in conducting detailed risk assessments for their clients, identifying vulnerabilities, and understanding potential exposures. This process involves evaluating operational risks, industry-specific challenges, and external factors such as market volatility or regulatory changes.
Our comprehensive risk profiling helps brokers present a clear and actionable overview to their clients. By providing tailored recommendations, brokers can position themselves as trusted advisors, offering solutions that align with client goals while minimising future uncertainties.
Every client’s risk profile is unique, requiring bespoke mitigation plans. We collaborate with brokers to design targeted strategies that address specific exposures, from operational risks to catastrophic events.
Our solutions include recommending preventive measures, such as enhanced safety protocols, contingency planning, or contractual risk transfer. By equipping brokers with these tools, we ensure they can guide clients in reducing the likelihood and impact of potential losses.
Preventing losses is key to maintaining client satisfaction and insurer confidence. We support brokers in implementing robust loss control programmes, focusing on areas such as workplace safety, equipment maintenance, and regulatory compliance.
These proactive measures help reduce claims frequency and severity, leading to lower premiums and better financial outcomes for clients. By offering comprehensive loss prevention strategies, brokers can strengthen their relationships with both clients and insurers.
The risk landscape is constantly evolving, and businesses are being affected by new challenges such as cyber threats, supply chain disruptions, and climate change. We provide brokers with insights into emerging risks, helping them anticipate client needs and stay ahead of industry trends.
By understanding and addressing these risks early, brokers can offer forward-thinking solutions that protect clients in an increasingly complex environment. Our expertise ensures that brokers remain proactive, relevant, and prepared for future challenges.
Risk management is not a one-time process. We provide brokers with tools and support for ongoing risk monitoring, ensuring that strategies remain effective as circumstances change.
Regular performance reviews, data analysis, and updates to mitigation plans ensure that clients are always well-protected. By maintaining a dynamic approach to risk management, brokers can build long-term client trust and ensure sustained business success.
The benefits of choosing Exance Risk Management
Smarter
Solutions
A+ to unrated, we have paper to match your specific requirements
Proven
Track Record
A trusted reputation for excellence and long-term client success
Exceptional
Underwriting
Comprehensive coverage with flexible custom risk solutions
Got a complex challenge?
We can help you find a better solution.
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Duncan UrquartHead of Construction and Surety
LinkedInEmailBiographyDuncan Urquart
Head of Construction and Surety
With over 35 years in construction insurance and surety, Duncan brings exceptional expertise to Exance. Most recently as Head of Construction Underwriting at Specialty MGA, he built a successful construction portfolio achieving USD 9.4M GWP. His career spans senior roles at Willis Towers Watson, Lockton, Marsh and Sedgwick, where he developed deep expertise in programme design, risk assessment and portfolio management. Duncan’s proven track record in building successful teams, implementing effective risk controls and maintaining strong loss ratios makes him ideally positioned to lead Exance’s strategic growth across multiple lines.
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Jordan CampHead of Operations and Distribution
LinkedInEmailBiographyJordan Camp
Head of Operations and Distribution
Jordan’s career began in niche insurance sales, building deep client relationships across diverse sectors. Over the past decade, he has helped insurers expand their distribution channels and product offerings in specialist markets. As Head of Operations & Distribution at Exance, he focuses on developing strong broker and insurer partnerships while ensuring our products meet market needs. His approach balances growth with operational excellence as we strategically expand our team.
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Mark Griffin Dip CII MCMICEO
LinkedInEmailBiographyMark Griffin Dip CII MCMI
CEO
With over 30 years in insurance, Mark brings comprehensive leadership experience across underwriting, claims and strategic growth. Beginning at General Accident, he played a key role in the CGU and Norwich Union merger to form Aviva. During 11 years at NHBC, he focused on structural warranty products and building construction sector relationships. As CEO of Exance, Mark’s deep industry knowledge and track record in underwriting excellence drives our strategic growth and development of strong insurer partnerships.
Frequently Asked Questions
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What is risk management in insurance?
Risk management involves identifying, assessing, and mitigating potential risks to protect businesses from financial and operational losses. For brokers, it means offering tailored strategies and solutions to help clients minimise their vulnerabilities.
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Why is risk management important for brokers?
Risk management adds value to a broker’s service offering by enhancing client protection, reducing claims frequency, and building trust. It also helps brokers differentiate themselves in a competitive market by offering proactive and tailored solutions.
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What types of risks can brokers help clients manage?
Brokers can address a wide range of risks, including operational, financial, regulatory, and emerging threats like cyberattacks or climate-related issues. Our services support brokers in creating customised strategies for each client’s unique challenges.
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How can brokers identify risks for their clients?
Risk identification involves assessing a client’s operations, industry exposures, and external factors. We assist brokers with comprehensive risk assessments, leveraging data analysis and industry expertise to provide actionable insights.
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What are the benefits of proactive risk management?
Proactive risk management reduces the likelihood and impact of losses, leading to fewer claims, lower premiums, and improved client satisfaction. It also helps businesses remain resilient and prepared for future challenges.
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How can brokers address emerging risks like cyber threats?
Addressing emerging risks requires staying informed about industry trends and leveraging expert insights. We provide brokers with the knowledge and tools to offer forward-thinking solutions, such as cyber insurance and risk mitigation strategies.
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What role does technology play in risk management?
Technology enhances risk management by improving data collection, analysis, and monitoring. Tools such as IoT devices and predictive analytics help brokers identify trends, prevent losses, and optimise strategies for their clients.
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How do brokers maintain effective risk management over time?
Effective risk management requires regular reviews, updates to strategies, and ongoing monitoring. We support brokers with tools and expertise to ensure their clients remain protected as risks evolve.
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Can smaller businesses benefit from risk management services?
Absolutely. Risk management is critical for businesses of all sizes. We help brokers tailor solutions that address the specific needs of SMEs, ensuring they have the protection needed to thrive.
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What are the key challenges in managing risks for clients?
Key challenges include staying ahead of emerging threats, balancing costs with protection levels, and ensuring compliance with regulatory requirements. Our services equip brokers with the expertise to overcome these challenges effectively.