An independent insurance consulting service offering innovative and effective business solutions by assisting banks evaluate their own insurance programs or explore and expand income-generating insurance opportunities.

BACKGROUND

These services were developed to provide expert assistance to financial institutions at a reasonable cost, through group buying power.

• Insurance Portfolio Review: This service provides assurance of appropriate property and casualty insurance protection. You will obtain confidence that your bank's coverages conform to regulatory requirements and that appropriate protection is provided. Finally, cost savings can be obtained through a more effectively designed insurance portfolio and a comparison to what peer institutions are paying for coverage.

• Insurance Opportunities Review: This service analyzes the current insurance marketing opportunities available to a bank. It provides a strategic plan for implementing or expanding a bank's product offerings based on projected revenue and administrative commitment. Follow-up consulting assistance is available with agency acquisitions, joint venture planning and implementation of an insurance operation within a financial institution.

PROGRAM BENEFITS

Typically, unless it employs a full-time risk manager, a bank relies solely on the advice provided by its insurance agent. A bank and its directors need unbiased advice and guidance, especially in the stringent regulatory and litigious environment that currently exists. The Insurance Portfolio Review provides the direction needed by a bank to protect its assets. The Insurance Opportunities Review identifies permissible insurance activities, provides clear direction for pursuing income opportunities, and offers totally objective information. Both services are economically priced due to the bulk buying power of the ABA.

PROGRAM CONTACTS