Responsible for a portfolio of clients and/or prospects with respect to their global insurance requirements, including program design, contract review and advice regarding complex international insurance issues. Monitor Client Representatives on specific accounts and the engagement of wider Marsh resources. Coordinate with Marsh's global network of offices regarding the implementation of global programs, coverage details, claims handling, and policy issuance for General/Products Liability, Auto Liability, Excess Casualty, Property Damage, FINPRO and Marine coverages. Provide all Practice-specific technical expertise to clients. Provide updates to clients on changes in multinational regulations, practices or carrier profiles that impact their account. Provide client service and advice associated with placements made or delivered to the clients. Make recommendations to clients on the most appropriate insurance providers for their global insurance programs based on price, services provided and performance. Utilize risk expertise and knowledge of energy industry, insurance and reinsurance market place to identify optimal solutions for clients. Review clients' exposures and loss experience in order to develop solutions for clients' needs. Identify the need for new products as well as develop and suggest innovative solutions to clients and client team members. Support and assist in the design, development, and marketing of new insurance and risk products. Keep abreast of changing risk and insurance market conditions. Responsible for creating the Renewal Strategy and Submission documents. Confirm coverage specifications to be submitted to carriers. Analyze quotes from carriers and provide analysis to clients and client team members including analysis of pricing, coverage, services, quote comparisons, financing, commentary and recommendation. Identify differences against expiring, claims made, surplus lines, subjectivities, loss projections, and cash flows. Prepare proposal component analysis. Undertake International Risk Reviews and surveys to identify enhanced program design, concurrency and potential insurance spend savings for clients. Support portfolio growth through cross-selling to existing clients and participation in new business initiatives.
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Contract Review Specialist
Nancy reviews the contracts her clients either offer or receive from vendors, taking care to monitor the insurance requirements on the provided services.
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