Spend on Risk and Insurance represent a significant portion of operating expenses for investment managers and financial services firms. From business insurance like E&O, Workers Comp, to Employee Benefits, and Transactional Insurance, your firm needs the right insurance and risk insurance.
Concertiv's Insurance Solution Delivers:
- Improved insurance and benefits coverage at reduced rates
- Risk assessments and analytics based on peer benchmarks
- An unbiased and unencumbered view of the insurance marketplace
Insurance and benefits are key to managing business risk as well as employee recruitment and retention. They are also an increasing expense in today’s market. Concertiv works with the broadest array of insurance and benefits providers to meet the specific needs of mid-market financial services firms.
In addition to negotiating rates on behalf of our clients each year, Concertiv is able to provide a variety of services including risk and healthcare management assessments and due diligence, insurance and benefit spend assessments, claims management, and compliance management services. This ensures your team has the right information to make the right decisions for your risk and insurance needs.
Periodically marketing your firm’s insurance needs is one of the most effective ways to confirm you have the best coverage for the best price. Concertiv’s team will tender the insurance by documenting coverage needs and specifications, manage the request for proposals process and make recommendations and ensure proper placement and issued insurance policies for accuracy.
Our Customers Say it Best
Chief Financial Officer
Managing Director and Chief Operating Officer
Partner and Chief Financial Officer
A leading global investment banking firm sought a proactive partner with deep industry expertise to handle their business insurance procurement. They selected Concertiv, impressed by its category expertise specific to investment banking insurance, holistic approach, and ability to streamline the broker selection process. Concertiv's meticulous RFP process resulted in significant cost savings, including $68k in brokerage fee savings and $148k in annual insurance premium savings, demonstrating the value of specialized procurement expertise in optimizing vendor relationships while minimizing operational disruptions.
Global Investment Bank Saves $216K by Re-Bidding Business Insurance