INSURANCES COMPLIANCE CLAIMS ABOUT OFFICES CONTACT NAVIGATE TO Home ABOUT US RiskPoint is an underwriting agency that represents several different insurance companies as their agent RiskPoint is a European based Insurance Managing General Underwriting agency or MGU. Quality, Compliance and Driving Efficiencies is the cornerstone of our business. RiskPoint’s value proposition to the insurance market is to provide best in class service from underwriting to claims handling in an efficient and compliant environment. We do so while observing our core values of Trust, Openness, Competitiveness and Respect. Our specialist and seasoned underwriters have in depth industry and product knowledge whilst our professional claims team provide unique and pro-active approach to assisting our clients when a claims occurs. Consistently providing high service in these 2 crucial areas of our business to both the insureds and our valued distribution channels is paramount to our success. As an Managing General Underwriting agent, RiskPoint has a unique legal authorization on behalf of a number of insurance carriers to develop its own insurance products, evaluate exposures, underwrite risks and handle claims. Our authorization is contractually managed through a binder agreement with our carriers giving us the power of attorney to provide binding terms, pricing and to settle claims. We provide the above services on behalf of these insurance markets and are remunerated by them to provide insurance solutions in the territories in which we operate, with local staff and in accordance with local laws, regulations and customs. RiskPoint and its carriers are under the supervision of the relevant national Financial Services Authorities. In accordance with the Binding Authority in place, we work in the interests of the respective insurance company(ies) and/or Syndicate(s) on risk. Policy documents, quotes and claims settlements will all be conducted in the RiskPoint name, however each insurance quote and policy document will carry the legal name of the insurance company who bears the risk for a given policy. The insurance company’s name as well as their Unique Market Reference (UMR) is seen in the policy and/or quote schedule. RiskPoint Career Are you interested in making your career at RiskPoint? At RiskPoint, we are always interested in hearing from people who have an edge, who are driven and who make a difference. Updates Sharing company updates from new hires to market initiatives to partner relationships Our Product Offerings RiskPoint provides unique and specialized insurance solutions to the markets in which it operates to the benefit of the insurance brokers/consultants and their corporate clients. We have operations throughout Europe to better facilitate our product & service offering. Our product offering includes traditional insurances such as Property, Casualty, Accident & Health, but also includes a number of niche offerings within Directors & Officers Liability, Warranty & Indemnity, Off-Shore, Renewable Energy, Financials Institutions, Construction etc. THE BUSINESS APPROACH Providing Transparent & Efficient insurance solutions for the benefit of clients and their advisors RiskPoint is a financial services company with a primary focus of providing insurance solutions to businesses. As an insurance provider, RiskPoint is dedicated to both providing its clients and their advisors with insurance carriers that exhibit excellent financial strength and combine this with best in class service. Our service orientated approach is a focal point for our business approach. Unlike many insurance providers, RiskPoint does not carry costs of its own sales & distribution organization but rather uses professional insurance intermediaries as its primary distribution channel. Financial Strength & Authority At the core of our business is our ability to represent insurance carriers that have the highest security in terms of financial strength and that these carriers give RiskPoint unwavering power of attorney in terms of underwriter authority and claims authority. Insurance policies issued by RiskPoint only have insurance carriers which have met the highest standards in terms of financial strength and who have given underwriting and claims authority to RiskPoint. Financial strength is normally measured by rating bureaus such as Standard & Poors and Moodys. RiskPoint’s compliance team utilizes these tools as well a vigorous vetting process to evaluate potential carriers to the RiskPoint panel. Only rated carriers with a minimum of “A” rating and/or carriers which exhibit long standing financial strength, unique product delivery & focus are cleared by our compliance team. Underwriting & Claims At the crux of providing insurance solutions to the market is RiskPoint’s ability to underwrite risks and provide quality claims service. Our organization mostly comprises underwriters and insurance technicians who have years of experience assessing risks and evaluating exposures and designing wordings. Our underwriting teams are focused experts in a specific insurance class, client segment, industry sector and bring their skill set from these areas to our client and their advisors. Bringing this expertise to the market, developing new products and our ability to tailor our solutions to the needs and desires of our clients is a key part of our value proposition. At the end of the day, RiskPoint’s value proposition to its clients is measured by our ability to provide first class claims service. Whether providing legal defence for personal and/or corporate liability claims or quickly processing first party payments, our claims teams focus is on providing a fair, flexible and timely service & settlement. Our customary service parameter in claims handling is to provide confirmation of notification within 24 hours and to ensure the insured and its authorized advisors are kept regularly informed of developments and progress with the claims handling process. Our loss adjusting & claims team brings expertise to the table by class of insurance with industry insight. Claims adjusting authority is granted to us by our carriers and we do not out-source claims adjusting to outside parties. We do however, engage with technical, financial and legal resources with territorial and/or industry expertise to ensure losses are handled in the most efficient and professional outcome. Insurance Companies As an independant multi-carrier underwriting agency we represent several insurance companies. A Managing General Underwriting Agency RiskPoint is a MGU (Managing General Underwriting Agency) – a specialized insurance provider that, unlike traditional insurance agents, is vested with substantial authority from the insurers it represents. OUR HISTORY RiskPoint is one of the oldest Insurance Underwriting Agents in Scandinavia. Below you can read the major highs of RiskPoints history Previous 1917 1970s 1980s Next 1917 In Copenhagen in 1917, Mr. Th. W. Hansen and Mr. Carl Klein Sr. founded Hansen & Klein with a primary focus of writing facultative reinsurance. During the 1920s, Hansen & Klein’s underwriting authority included some of the world most significant insurance markets; insurance companies from Scandinavia, Continental Europe, England as well as USA. 123456789101112 About RiskPoint Individuals Business Careers Claims Compliance @ 2021 RiskPoint A/S. All Rights Reserved. Privacy Policy We use cookies to optimize our website and our service. 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