Risk Management Solutions: A Step Up to Support Your Business Before Losses Happen

Faical Cheblaoui, Risk Managed Casualty Underwriting Specialist at CNA Canada, discusses how CNA Canada’s risk management solutions help clients navigate economic uncertainty and complex risk environments .

Global economic uncertainty and supply chain disruptions are among the greatest threats to businesses of all sizes. Business leaders looking to navigate this quagmire of risk can leverage assistance from risk management professionals to ensure their organization thrives.

“Disruptions to traditional supply chains due to the pandemic remain pervasive. Many businesses are looking for alternatives to manufacturing and alternative suppliers for the products they use in their daily operations,” said an underwriting expert at CNA Canada. commented Josh Peters (pictured), a risk-controlled casualty at

CNA Canada offers a wealth of risk management resources to guide businesses through these uncertain times. Its dedicated casualty team provides end-to-end coverage capabilities with solutions tailored to address each organization’s unique needs.

“Our clients are demonstrating resilience through these disruptions. CNA Canada’s risk management team has the expertise to guide our clients in managing vendors and improving their supply chains to avoid these disruptions. We also have the ability to provide decision support, an alternative solution to limit the potential for business disruption.”

Economic pressure is not the only risk that weighs on companies. A changing climate and constant cybersecurity threats also make its operations vulnerable. “Impacts can vary from business to business, but we can probably agree that most are seeing some form of impact on their businesses from climate change,” Peters continued.

“There is also a significant increase in cyber incidents around the world. Cyber ​​attacks and ransomware are impacting large organizations and can severely impact businesses if they are not prepared.” .”

Peters compared a ransomware attack that locks an organization out of its IT systems to someone taking the keys to the business. “In today’s digital world, it is necessary to have a robust cyber and he IT security plan,” he added.

In a complex and changing risk environment, businesses need to know more about their operations, says Faical Cheblaoui (pictured directly above), insurance underwriting specialist and risk-managed casualty at CNA Canada.

“At risk-managed casualties, we go through an underwriting process to identify and assess hazards and hazards that may affect the company’s risk management,” he told Insurance Business. “We will review the key risks that the insured can comfortably retain, known as risk transfer, and set retention and deductibles at levels agreed upon by all parties.”

“The aim is to help our clients manage the increasing costs of doing business,” said Cheblaoui. “We enable our clients to work closely with brokers and third parties or intermediaries to create the optimal insurance solution for them.”

Cheblaoui highlighted his team’s years of expertise as a key value point for CNA Canada’s clients and brokers. “Our greatest asset is our strong brokerage relationship,” he explained. “Brokers struggle with service issues in this tough market, but thanks to CNA, they know they can pick up the phone and get a response within hours.”

Another pillar of CNA Canada’s success is its excellent claims service. Peters says: It’s not that a third party can provide comfort.”

In addition to our underwriting expertise and superior claims services, CNA Canada’s risk management services are virtually available to help insureds save time and money by identifying and addressing hidden exposures. Helps you avoid costly bills. Part of this world-class resource suite is CNA Prepwise+. It is an interactive hub where policyholders, brokers, underwriters and risk management professionals can quickly access and share information.

“We bring the latest technology-focused lens to our service. Our underwriting team has extensive experience that can be used to assist clients and identify exposures.” says Peters. “We also have expertise in international and multinational spaces through our dedicated team of international placement professionals.”

The future presents opportunities and challenges for many organizations, but with risk expertise and guidance at your fingertips, CNA Canada insureds can be confident they can handle whatever happens.

“While the pandemic has been a difficult time, it has had the upside that businesses now have a better understanding of what severe disruption can bring and how to better manage it.” Peters said. “The importance of having business continuity plans and alternatives in the supply chain has become apparent. CNA has the expertise to support brokers and insureds through these potential disruptions.”