Balancing long-term and short-term risk? We help organizations clarify their decisions by simplifying their risk/return trade-offs.
Your current risk management and financing approach could be putting your organization at risk. At KFDA, we start by identifying, quantifying, prioritizing and mapping your exposures to loss. We then validate your approach or tell you how to most cost-effectively minimize and/or transfer those exposures.
From a Comprehensive Risk Assessment to specific risk-based tasks, we provide solutions that are tailored to your business needs.
Our audit services include the following:
- Comprehensive Risk Assessment
Understanding your operations and exposures to risk are the cornerstone upon which the risk management process is based.
- Insurance Program Review
We review your insurance policies in detail, identify what is optimal and also tell you what needs to be done to improve it. The output from this process includes recommendations for improvements to existing policies, or suggestions of other approaches.
We analyze your insurance claims, limits, deductibles/retentions, and pricing to provide an opinion on their reasonableness, or suggest an alternative approach.
- Quality Assurance Review
We ensure that risk management processes are effective by measuring the results generated on a regular basis.
- Coverage Analysis
We critically analyze your policy(ies) to verify adequate coverage and uncover gaps, lapses, or changes in what is covered.
- Claims Audits
Since an efficient claims process minimizes cost and improves employee and customer satisfaction, we audit your claims process to identify what works and what needs improvement.
- Independent Validation
As an independent third-party, we provide boards, committees, investors and others, opinions on the adequacy of insurance, related services, and risk management processes.