At WTW, Our risk & resilience advisory team are specialists in enterprise risk management (ERM), information security and cyber risk management, business continuity, crisis and reputational risk management and business interruption. We have representatives across the UK who will be able to work with you to understand your business's complex needs.
Learn more:
We are looking forBusiness Interruption Consultantwho will be providing clients with guidance on the correct level of Property Damage Business Interruption (PDBI) insurance required to support full recovery of the business in the event of a loss triggered by a property damage event. As a BI Consultant you will be supporting PDBI / Property insurance placement activity across GB Retail.
To combine potential business / financial / operational impacts with sound financial modelling to ensure a realistic assessment of potential losses and impact on insurable gross profit, revenue and cost. Supporting new business opportunities with a focus of driving New New (NN) and New From Existing (NFE) business to drive superior results.
The role is homebased with travel to WTW offices and clients and prospects throughout the United Kingdom (and occasionally overseas) where required.
The Role
Delivery of pre-loss PDBI reviews to provide clients with a clear understanding of their potential financial exposures in the event of a loss. Consideration of; business activities, inter-dependencies, logistics, supply chains, recovery timeframes and business continuity plans, adequacy of indemnity periods, trading losses related to reduced capacity or efficiency, Maximum Foreseeable Loss (MFL), Estimated Maximum Loss (EML), Normal Loss Expectancy (NLE), Insurable Gross Profit, Increased Cost of Working (ICOW) and Additional Increased Cost of Working (AICOW). Using your expert knowledge in the facilitation of workshop exercises and providing expert advice on BI insurance. Working with GB Retail clients to identify and evaluate their BI exposures and provide constructive challenge where required. Identification of sales opportunities and revenue generation in line with GB Retail budget requirements. Using your expert knowledge and experience to leverage new business opportunities. Maintain a high external and internal profile and work seamlessly with other colleagues within the Risk Management and Account Management teams. Keep up to date on changing BI and claims methodologies.
