Going 'Unbundled'
Old Republic Risk Management was contacted by a broker for a large commercial manufacturer with a traditional bundled insurance program, in which the insurance carrier handled all claims and risk control services. The insured was dissatisfied with the level of service they were receiving from the incumbent’s claims operation and sought alternatives in the unbundled marketplace.
The insured interviewed several third-party administrators (TPAs) and decided early in the process that they wanted an unbundled insurance carrier, with the freedom to choose a TPA that best fit their business and operating philosophies. Old Republic was chosen as the carrier due to our extensive experience with a variety of TPAs and our straightforward, responsive approach to underwriting and quoting.
Old Republic was able to put forth solutions to the insured and broker that helped facilitate the move to an unbundled insurance program. By leveraging their extensive experience in customizing unbundled programs, we were able to tailor a solution that streamlined the insured’s risk management program.