Who are we?
RiskPoint is an underwriting agency
that represents several different insurance companies as their agent.
The launch of a new name and a new brand co-inside with 4 new partners joining the partnership in 2007. Since then, both number of employees and partners have increased in line with the general business expansion of RiskPoint.
RiskPoint is an underwriting agency. We focus on delivering value adding insurance solutions to professional and industrial clients and their advisors. Our insurance offering includes all the traditional types of insurances, but also niche areas such as directors and officers liability insurance, solutions for the Renewable Energy Sector, W&I, and Aviation.
Quality is important for RiskPoint. Hence we only offer insurance solutions with minimum A-level credit ratings. It is important for RiskPoint that our customers and suppliers can rely on our credit quality – also in the long term perspective. We will demonstrate a high degree of practical expertise and credibility within our chosen business segments. You will experience this within the establishment of the insurance solution itself, but also within our claims handling. Particular within claims handling, it is our business philosophy that the customer shall experience a proactive and fair handling.
RiskPoint is authorized to accept risks, i.e. write and accept insurance on behalf of the insurance companies we represent. This includes stipulating premiums, terms and conditions for the individual insurance polices. We have powers of attorney to issue policies on behalf of the insurance companies.
Each of the policies is issued by RiskPoint and will state which insurance company assumes the risk. While RiskPoint has the right and the obligation to perform customer service, including claims handling, it is the insurance company which a policyholder or an insured person has a claim against. Accordingly – as our client – you have the direct and full advantage of the fact that all the insurance companies which RiskPoint represent have minimum credit ratings of A-level with Standard &Poors or equivalent.
Similar to RiskPoint being empowered to accept risks, we also have the authority to handle and settle claims with binding effect for the risk carrying insurance company. In practice you report the claim to RiskPoint and it is RiskPoint that pays the claim or loss to the insured with the funds of the risk carrying insurance company. Further, as general agent we can receive service of suit and other formal legal actions on behalf of and with binding effect for the insurance company.
Each of the insurance companies RiskPoint represent is subject to their respective home country’s regulatory authority. As appointed general agent, RiskPoint is the insurance company’s local legal representative and point of contact for the local regulating authority. We also act as fiscal agent, i.e. we collect insurance taxes and other charges on behalf of the insurance company and settle these with the respective tax authorities.