Executives at JDSU had a hunch that they were purchasing too much insurance because the values they reported were based on the maximum possible loss the company could incur. But because JDSU operates in multiple locations around the globe, losing all locations at the same time is not a realistic possibility. By determining the maximum probable loss scenarios the company was able to purchase only the coverage it really needed, get rid of the excess coverage it didn’t need, and save significantly on its premiums.
We have a fantastic reference letter related to this project. We’d love to share it with you.