One of Tom’s strengths is his experience in the field of risk financing in developing solutions to protect the assets and stakeholders of the organization and to enhance corporate cash flow.
A general overview of the risk financing process is based upon the following:
- Risk Culture Analysis
- Training, Risk Framework, and Risk Management Plans
- Risk Identification
- Risk Assessment
- Risk Quantification
- Risk Treatment (Mitigate or Finance or Nothing)
- Program and Framework Monitoring
- Manage
- Optimize
The chief goals of risk financing are reduced loss costs and reduced costs associated with uncertainty.
Risk financing seeks to mitigate the impact of these costs by developing and implementing structures to ensure:
- Availability of funds to pay claims and claim expenses,
- Aid recover and continuity
- Enable the organization to maintain financial stability and survive the event
Risk financing solutions developed and deployed by Tom include the following:
- Large Deductibles
- Corridor Deductibles
- Retrospective Rated Programs
- Small Deductibles
- Self-Insured Retention
- Self-Insurance
- Captives
- Special Purpose Vehicles
- Finite Risk
- Multi Year Multi Limit
- Contingent Capital
- Stretch Limits
- Modified Aggregate Structures