Bundled vs. Unbundled Property Loss Control:  Declare Your Independence and Reap the Rewards

Every organization is becoming more data driven and analytics focused.  Yet there’s a lag in risk management.  In fact, your company is likely at the mercy of insurance companies to assess critical risks like fire, windstorms, and earthquakes.  That’s due to a reliance on bundled property loss control programs in which insurance companies handle risk assessments and own your data.  That leads to less strategic risk management and higher insurance premiums.  A far better option is unbundled property loss control programs conducted by independent third-party experts.  The risk assessments are unbiased and not tied to insurance – leading to more sophisticated risk management and the ability to negotiate premiums from a position of power.  Understanding what might go wrong allows you to create business resilience plans to prevent those things from happening.  Today’s hard insurance market, emphasis on analytics, and supply chain issues have created an incredibly opportune time to cut the ties and gain your independence.

Come prepared to learn:

1. What is the difference between Bundled vs. Unbundled Property Loss Control
2. What types of information & analytics can be provided through an unbundled approach
3. How much can your company save from lowering its risk profile
4. What to expect during the process and how to use the information with your insurance broker

Presenter:

Dr. Fabian Schober, CFO, TÜV SÜD America, Inc.

• Fabian took over the role of CFO America Region for the TÜV SÜD Group in 2017 when he moved to Boston.  He joined TÜV SÜD in 2008, spending his initial years in the corporate M&A department holding various management positions, previously as the CFO of the global Real Estate & Infrastructure Division and Managing Director of TÜV SÜD Rail based in Munich.  Before joining TÜV SÜD he started his career at Infineon (IFX).  His university education led him to Vienna (Austria), Madrid (Spain), and to St. Gallen (Switzerland) where he received his Ph.D. He is also a graduate of the General Management Program at Harvard Business School.

David Rix, Global Sales Manager, TÜV SÜD Global Risk Consultants, Inc.

• David brings over 35 years of experience in Risk Management consulting and Insurance Brokerage services, with leadership and client executive responsibilities in the US and Latin America. 
• He has advised clients in a variety of industries on the design and placement of global property insurance and risk management programs. 
• David has held board positions with various RIMS chapters as well as with the Boys and Girls Clubs of Greater Portland, OR. 
• David is based in Austin, Texas and reports to his wife Kathy and four daughters – Jillian, Lara, Bayly and Josy. 

FENG Presentation/Agenda: 

8:00 am – Introductions & 30 second elevator pitches (time permitting)

8:25 am – Presentation & interactive discussion 

9:15 am – Wind-down, and final networking discussions

9:30 am - Adjourn

PLEASE REGISTER:

Members login: http://www.thefeng.org/membersonly/ this will take you to your personal home page. Check the box for this event. 

Guests are welcome and please contact Boston Chapter Chair Marc Cote if interested in attending…  [email protected]

Zoom meeting link to be provided the evening before the event.

There is no fee for the program, however, when registering if you would like to help continue to support our great organization please feel free to make a tax deductible donation to the FENG right on the FENG website.  Thanks!!!

FENG Boston Chapter Leadership:

Marc Cote

Duxbury, MA

[email protected]

617-538-5688