Retained Advisory Services

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Retained Insurance and Risk Advisory Services

Many organisations value continuous access to experienced, independent insurance and risk management advice — particularly where exposures are complex, insurance spend is material, or governance requirements are increasing.

JPIC provides Retained Advisory Services, offering ongoing, objective support across insurance, risk management and risk financing decisions.

Why Organisations Choose a Retained Advisory Model

Transactional advice at renewal alone often fails to deliver strategic oversight. A retained advisor provides continuity, institutional memory and consistent challenge.

Common drivers include:

  • Lack of internal insurance or risk expertise
  • Desire for independent challenge to broker advice
  • Increasing governance or regulatory scrutiny
  • Complex or evolving risk exposures
  • Board or audit committee expectations

The Role of JPIC as Retained Adviser

JPIC acts as an independent extension of your organisation — not a replacement broker.

Our role focuses on:

  • Strategy
  • Governance
  • Assurance
  • Objective and knowledgeable challenge

Scope of Retained Advisory Services

Depending on client needs, services may include:

Renewal Strategy and Oversight

  • Pre-renewal planning and objective setting
  • Review of broker market strategy
  • Independent evaluation of insurer proposals
  • Post-renewal outcome assessment

Adviser Performance Monitoring

  • Broker service quality reviews
  • Value-for-money assessment
  • Governance and transparency checks

Claims Oversight

  • Review of claims handling strategy
  • Escalation support where required
  • Assurance over claims governance

Risk Governance Support

  • Insurance input to internal governance forums
  • Audit and board reporting support
  • Policy wording and contractual insurance clause review

Ad-Hoc Strategic Advice

  • New ventures or geographic expansion
  • Emerging risk considerations
  • Market condition assessment

Benefits of a Retained Advisory Relationship

  • Continuous independent oversight
  • Better-informed strategic decisions
  • Reduced reliance on market-driven advice
  • Improved renewal outcomes over time
  • Stronger internal governance

How Retained Engagements Are Structured

JPIC engagements are:

  • Clearly scoped
  • Transparent in cost
  • Flexible in delivery
  • Reviewed periodically to ensure relevance

If your organisation requires ongoing, independent insurance and risk advisory support, JPIC can provide a retained solution tailored to your objectives and governance framework.

Contact JPIC to discuss a Retained Advisory engagement.

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