Insurance Portfolio Audit

Insurance Portfolio Audit

What is the purpose of a portfolio audit? If you have never had worked with a consultant from an Independent Financial Advisory firm, the term ‘audit’ may not be familiar to you. Is the audit just a summary of your coverage? Not at all.

An Insurance Portfolio Audit takes into account 4 parts:

  1. Risk Management Analysis (More on this here)
  2. Assessment of existing insurance policies (Really, you would want to know if you are maximising your entitlements)
  3. Relevance of existing insurance policies 
  4. Portfolio Recommendation & Proposal 

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