Case Study 1Coverage for Catastrophic Loss

For one Caribbean Island entity, servicing capabilities from insurers weren't meeting their needs as they had hoped.

The effort vastly improved the company’s coverage, and they knew that in order to succeed in times of natural disaster occurrences, their risk policies needed to be much more robust than what they were. They turned to Alpha Risk to minimize their losses.


An entity located in a Caribbean island was struggling to find outsourced risk management services that truly met their needs:

  • Deeper Understanding:
    The lower quoting companies that responded and submitted RFP’s to the company were not aligning with their needs.
  • Determining the most important goal:
    With impressive references and feeling confident, they chose us as their provider.
  • Optimized service:
    The team focused on detailed descriptions of servicing capabilities to make the client feel at ease with their decision to choose us.


After conducting an in-depth analysis of the company’s needs, we compiled a well documented underwriting package including updated property appraisals. We managed the process by custom designing policy specifications for all lines of coverage in order to frame a broker RFP.

The final placement in 2014 produced higher limits and sub-limits, especially for catastrophic exposures, as well as broader coverages by replacing standard insurer policy language with our manuscripted wording. The process, at the same time, produced significant premium savings.


We continue to serve as their outsourced consultant and each year’s efforts produced additional savings.

When Hurricanes Maria and Irma hit in 2017, the client sustained property and business income losses in excess of $100 million.

The multiple claims will be fully covered by the recent renewals of the policies originally put in place.

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