“When we first hired ICA, I was uncertain as to what expectations I should have of them. Our first project was the marketing of our Property and Casualty coverages. Our ICA team was incredibly helpful in assisting us in putting together a complete package of information that gave each competing insurance company underwriter a great understanding of our risks and exposures. At times gathering this information seemed like an arduous task, but in the end, we greatly appreciated our relentless ICA team leader’s follow-up and thoroughness. ICA’s risk identification and analysis went far beyond and helped us immensely in understanding our exposures.
ICA recommended brokers that had experience in our industry and understood our corporate philosophy. Unfortunately, we were close to our renewal date, and our current insurance company would not grant us an extension. So therefore, my expectations were even lowered. ICA worked under the time pressure, and produced results that far exceeded our expectations. They were incredibly fair to the incumbent broker and gave them every opportunity to produce a proposal that met the insurance specifications, but to no avail. At the end of the marketing project we saved a significant amount of money and had much broader coverage which included areas of coverage where we were previously uninsured.
After ICA’s completion of the audit of our Executive Management Liability coverage, we then focused on the marketing of our Ocean Marine policy. We experienced the same diligence, and fairness, and our rate was cut in half, and once again, the limits and coverage were substantially increased to meet our actual exposures.
It is not often that a consultant can be looked at as a true extension of your company, however, ICA has proven that to be true.”
– Aamer Barakat, Treasury Supervisor