Receiving proper coverage and benefits through a more efficient and cost-effective approach sounds daunting.
Figuring out what to do next doesn’t have to be.
When you are a business owner making crucial choices that cover your liability, the decision-making process can feel oppressive and never-ending.
- You are confused about the best solution and the trade-offs in services and financial investment.
- You lack confidence that you’ll know all the details you need to consider and feel awkward about asking too many questions.
- You are frustrated with traditional insurance coverage, where you have no control over decisions.
- You are irritated that the governing processes have no visibility or transparency.
- You are overwhelmed with doing all the research on your own and the amount of time and expertise required to interpret the findings.
A Mutual could be the answer for:
- Those with “hard-to-place” or uninsurable risks.
- Consortiums of businesses who want to improve their collective buying power.
- Participants who cannot obtain insurance for the particular types of risks seen only in their industries.
- Buying groups who have historically endured high premiums yet can demonstrate a low loss ratio and good claims history.
- Buying groups with technology to assess their risk and develop innovative and responsive products, which the traditional insurance market may be slow to embrace.
- Groups with members who want to exercise discretion in paying claims because they are sympathetic to the members making the claims.
Optimized coverage depends on partnering with professionals:
- You can trust to be reliable, thorough, and detail-oriented.
- Who understand how Mutuals provide benefits to specific industries across a wide spectrum.
- With expertise in government and regulatory requirements in the insurance industry.
- Who not only advise on possible options and future implementation, they also have the resources to manage your Mutual for the long term.
We are Pye·M Systems:
We provide a more efficient and tailored approach to managing risk by designing, building, and managing Mutuals for risk pooling and retention.
By allowing organizations to take control of their risk transparently, we enable them to generate and manage their surpluses.
Our one-stop-shop solution delivers at international best practice standards: Success in creating, launching, and operating a Mutual depends on comprehensive management by a team of seasoned professionals covering a wide range of necessary skills.
Our approach is informed by many years of experience in consultancy, advisory, and technical support for shipowners and stakeholders in the Nigerian maritime and shipping Industry. In addition, we understand how these years of experience transform into helping businesses in different market sectors take advantage of the many benefits of a Mutual.
Get In Touch With Us!