Professional risk assessment enabled successful insurance placement for a new facility, overcoming underwriting bottlenecks while safeguarding assets and facilitating project financing.
The client has been deeply engaged in the manufacturing industry for many years. To support capacity expansion, the client entered into financing discussions with a bank for the construction of a new reinforced concrete (RC) facility. However, due to limited familiarity with non-life insurance market underwriting standards, the client encountered communication challenges during the initial insurance placement process. This resulted in underwriting delays, which in turn affected the bank’s loan disbursement timeline.
Upon being appointed, our firm promptly initiated a professional loss prevention assessment for the newly constructed facility. By leveraging quantitative risk data, we conducted precise and effective underwriting discussions with insurers. In doing so, we not only clarified structural risk exposures but also optimized insurance terms, enabling the client to overcome market entry barriers and meet both insurer and bank requirements.
This approach ensured comprehensive asset protection while facilitating timely loan disbursement, allowing the client to proceed with its expansion strategy as planned.
