IN THE EVER CHANGING BUSINESS AND INSURANCE ENVIRONMENT, THE TEAM AT GCC WILL EFFECTIVELY GUIDE YOUR FIRM THROUGH THESE CHANGES TO YOUR ASSETS BEST PROTECTED WHILE ACHIEVING A COMPETITIVE ADVANTAGE IN YOUR OPERATING ENVIRONMENT
INSURANCE SOLUTIONS &
RANGE of VULNERABILITY and OPPORTUNITY
OUR RISK MANAGEMENT & INSURANCE SERVICES
Management & Negotiation
GCC represents a new paradigm in the way risk management and its sourcing are conducted— absolute, independent insurance and risk management consulting that provides our clients with the appropriate intellectual capital to negotiate maximum coverage at the market's most competitive pricing through our competitive negotiation process. Overpayments or coverage deficiencies on insurance and risk transfer products and services often occur because companies are at an intellectual capital disadvantage when dealing with brokers and insurers. Our clients have received significant enhancements in coverage with average first year premium savings between
20-40% by leveraging our extensive, world-wide knowledge that has exploited the insurance industry inefficiencies across every industry vertical.
Actuarial Claims Analysis
& Loss Projections
GCC has been actively engaged with Insurers and Reinsurers looking to establish a cyber insurance program. We work with carriers in helping them develop their underwriting methodology and platform, their preferred policy vendors and the actual policy language, having written some of the industry's most robust cyber insurance forms. GCC believes that the current cyber insurance market is in a state of flux, with each of the roughly 70 US and 30 UK Cyber Insurers utilizing their own cyber insurance underwriting application and policy language. Furthermore, the application captures risk at a static point in time and is often unvalidated. We are addressing the inefficiencies to not only drive standardization within the market, but also to ensure that insurance companies understand how to effectively underwrite their cyber risk.
Health Insurance and Employer Group Benefits
Given the extensive experience in both the insurance industry and as technologists, GCC actively advises "InsureTech" firms in their business and market strategy as we believe true InsureTech success requires a deep understanding of the industry inefficiencies to effectively address and develop solutions leveraging emerging technology. This first begins by identifying the difference between transformation and transition. Transformation is new tools compelling new processes, whereas transition is legacy processes compelling new tools. he insurance industry is plagued by antiquated IT Architecture and processes that puts the industry in a state of transition. Successful companies in the immediate InsureTech space will be those who are able successfully integrate "technology of tomorrow" with "business models of today" such that they translate to the "culture of yesterday."