The Cooperative Insurance Consultancy Co. Ltd. (CIC) was established in Panama in the year of 1986 by our President Robert J. Bahou, one of the Middle East's foremost authorities on insurance and government related insurance affairs. Established with the vision of providing professional risk management and insurance consultancy solutions, CIC today is a MENA market leading insurance, enterprise risk management and loss mitigation specialist working with organizations of turnover of $50 Billion and more to identify, assess, control, and transfer their risk exposures to more economic risk financing options whether conventional or alternative.
Insurance can be complex. It is tempting to ignore it or presume it will cover you and your company in exactly the way you expect. Reviewing your insurances can be a valuable tool in protecting your balance sheet - it can highlight any shortfalls in coverage, values or limits. As your business changes and grows, so your insurances need to change.
An Insurance Audit from CIC will help to properly mitigate the risks of under or incorrect insurances. An Insurance Audit from CIC is not about spotting loopholes in your insurance programs currently in force but rather a complete process that derives from a thorough knowledge of your company and ensures that your insurances are catered to the particular needs of your business.
CIC’s Insurance audit will typically:
Insurance advisory & management services remain the bedrock of the group’s operations. Consultancy often starts with the examination of a client’s existing portfolio and a detailed report thereon, or in the case of a new risk, a preliminary site visit and business analysis.
Pride is taken in from our flexibility and ability to tailor our services to the particular needs of our clients and, where insurance is the answer, we provide bespoke policy wordings rather than tailor market wordings to the needs of the insurance program.
From analysis, to preparation of our clients insurance RFQ documentation, dozens of our clients rely on CIC annually to review, design, and tender their insurance requirements. For flat fee, CIC will annually assist our clients with the insurance purchasing process. No more hidden fees, middlemen, or struggling to understand local insurance laws or terminology. Our services offer our clients a transparent, technical, and financially certain way of obtaining the advice they need and maintain a direct and strong relationship with their insurers.
At CIC, construction and most forms of engineering projects are a specialty. Working alongside our clients in the Construction industry, CIC’s project risk management services ensures that all parties involved in the insurance process are supervised from start to finish.
Since its earliest days, CIC has specialized in major claims handling region wide. Offering a complete client assistance and management service, our experts have dealt with claims in a number of major areas. A full claims management service from collation of evidence through quantification and presentation to negotiation of settlement is offered.
A specialist service for the recovery of the major cargo loss or for an insurer’s portfolio. Surveys and investigation, negotiation with ship owners, P&I Clubs, insurers, charterers, surveyors, lawyers, etc.
In close collaboration with our international associates, our claims management services extend to management of environmental pollution damage on behalf of government bodies and others, particularly the maritime industry. For any claims inquiries, please feel free to email us at: email@example.com
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Since its earliest days, CIC has distinguished itself with the level of service offered by its Marine Division. Apart from the general insurance consultancy services, a number of other services are offered:
Since its creation, CIC has been consulting to some of the largest government institutions regionally and internationally. Most government institutions in emerging markets have yet to establish key risk management protocols for the identification and management of their risk exposures, and when a loss occurs, the outcome can be disastrous to government coffers.
This is where CIC is most effective. Whether advising the public sector on asset valuation and rationalization, or designing insurance protection programs, or working with environmental protection agencies on oil pollution clean up and litigation, CIC has the expertise to be there.
From the office to the factory floor, an organization’s people is by far its most important asset. Your people drive your business. Your people are the difference between success and failure.
CIC Global Risks is a leading specialist in the bespoke design, tendering, and management of your employee benefits program. Our independence in the regional market place and impartiality as your consutant guarantee our clients that results are achieved every year without exception and at a reasonable cost.
For more information, please contact firstname.lastname@example.org
A captive insurance company, usually just called a “captive,” is an insurance company owned by a non-insurance company, that is set up specifically to underwrite the risks of its parent company or companies.”
CIC through our sister concern Ensurion, is able to offer clients a viable multi jurisdiction Solutions in over 15 domiciles.