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The PRISM Platform

The PRISM APPROACH

The PRISM APPROACH, a Proactive, Risk, Insurance, Services and Management Approach, utilizes a variety of techniques to identify, measure and reduce risk while enhancing an organization’s performance with both insurance and non-insurance solutions. Each decision about how to manage risk is examined in light of its impact on an organization’s bottom line.

Overview

The PRISM APPROACH is the diagnostic assessment to identify, measure and prioritize their exposures to loss. Recognizing that losses vary from minor accidents to major catastrophes, the PRISM APPROACH identifies an organization’s exposures to loss, uncovers the types of risks to which it is vulnerable and determines how well positioned the company is to control a loss should one occur.

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Instead of starting with the traditional insurance “bidding process”, Larsen Flynn Insurance believes that it is essential to understand and improve an organization’s “risk profile” before negotiating the insurance transaction. This strategy leads to a more rational and efficient allocation of financial and human capital. Most importantly, it allows the consumer to understand and appreciate the consultative and diagnostic attributes of the agent or broker. The PRISM APPROACH offers the prospective client a “unique” experience – a process focused on identifying, measuring and mitigating risks to achieve balance sheet protection.
Purposeprism approach discover design continue implement
The purpose of The PRISM APPROACH is twofold:

  • Provide your company with a plan which results in long-term risk reduction. Not only does it lower your total cost of risk, it positively impacts your profits.
  • Make your company more attractive to the insurance marketplace. This results in you being placed with the best possible insurance company.
Larsen Flynn Insurance’s PRISM Approach consists of the following steps:

The PRISM Workshop - “The Discovery Process”

The PRSIM Plan - “The Design Process”

The PRISM Platform – “The Implementation Process”





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