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Vol. 1 No. 4, May 2004
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Darwin's Approach to Risk Management
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Risk management is a core element of Darwin’s approach to specialty insurance. We believe that an effective risk management/loss control program works to identify potential problems and provide additional insight during the underwriting process, thus providing insureds with the tools to avoid or mitigate losses during the coverage term and beyond.
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The key to an effective risk management program is to build policyholder awareness on issues that affect their business and impact their level of loss exposure. This includes providing the policyholder with timely information about evolving legal exposures, establishing risk identification and awareness programs, conducting appropriate education programs, and assisting with effective communications.
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The goals of Darwin's risk management program are to:
• Educate key internal staff and peer influencers (both internally and externally) regarding the identification and control of risks and losses
• Facilitate risk reduction by providing tools and implementation strategies
• Provide services that enhance the policyholder’s operations and assist them with ongoing loss control procedures
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To achieve these goals, Darwin’s programs pair in-house experts with carefully selected third party professionals that provide insureds with:
• Pre and post-bind risk assessments
• Legal expertise to keep abreast of evolving judicial decisions, laws, and regulations affecting liability exposures
•Policies and procedures—customized to the policyholder—that meet or exceed industry standards and minimize liability exposures
•Training and education on important trends and topics
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NEXT: Industry Focus, Health Care Risk Management >>
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<< HOME: Digital DNA No. 4, May 2004
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LEGAL NOTICE: Darwin Professional Underwriters, Inc. (Darwin) recognizes that electronic and Internet communications are an important element in transacting business and strengthening business relationships with our producers, partners, and policyholders. The "CAN-SPAM Act of 2003" requires, among other things, that commercial electronic mail messages, the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, comply with certain requirements. The requirements include identifying these messages as solicitations and giving the recipient the opportunity to "unsubscribe."
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Darwin uses electronic communications for various purposes, including educational, transactional, informational, and promotional, and to facilitate or solicit business. Until the "primary purpose" language of the "CAN-SPAM Act of 2003" is clarified, Darwin is taking a conservative view and advising that all our email and electronic communications could be viewed as an advertisement or solicitation. If you wish to unsubscribe, please follow the unsubscribe links provided in this message.
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:: Copyright 2003-2004, Darwin Professional Underwriters, Inc. ::
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