Risk Analytics Services

Overview

EDME’s experienced and in-house Risk Management team conducts as well as facilitates tailored risk management services to clients across a broad range of industries and areas of expertise. The insured’s locations are evaluated for construction standards, hazardous processes and storage, fire control systems, supervision, management standards/human element programs, natural catastrophe perils, special hazards and all other traditional exposure elements from fire and explosion perils
The risk management team’s principal is to organize surveys to provide an objective and impartial assessment of the risks and suggest risk improvement recommendations for the benefit of the Insured.

EDME Edge

• Real time tailored insights
• Proactive risk governance
• Optimized risk financing
• Enhanced resilience
• Strategic alignment

How We Do It

We facilitate the services below for better assessment & underwriting of the insured’s risk:
Risk Inspection and Policy Audit:
It includes physical inspection of the Plants / Warehouses by qualified Risk Engineer (Employee of EDME), the Physical report and audit of existing policy (Gap analysis) helps to identify the covers need to incorporate, and also to identify the areas of improvements

Electrical & Safety Audit:
Electrical audits help to minimize the use of electricity and its wastage. Safety Audits are conducted for the purpose of health, safety, and fire hazard identification.
During these surveys, assessments are made for compliance with applicable regulations and fire codes as well as the detection of unsafe hazards

Plant Valuation:
A thorough exercise to identify the replacement cost of manufacturing plants is very relevant to avoid underinsurance at the time of claim

Thermography:
Thermography is a visual method of illustrating invisible heat energy This is typically captured using an infrared camera, which displays a map of the temperature variations emitted by all objects