Surveying department

Most insurers outsource the surveying aspect of risk management to third party service providers. This has recently come under the spotlight, revealing the following risks, which if left unattended will have a seriously negative impact on clients.

The risks when it comes to outsourcing surveying to third parties are:

- Untrustworthy and inconsistent survey data.

- No centralised view of the underwriter's risk portfolio.

There are often cumbersome manual processes with archaic systems that hinder the achievement of objectives, and there are often increased regulatory compliance obligations.