After speaking with 100's of COO, CFO's & CCO's of Asset Management Firms, their biggest gripe is the amount of time spent on the risk management function. From completing long-form applications to organizing droves of insurance related documentation, dealing with insurance has been painstaking and does have a direct impact to the firm.
"I would be better served spending more time on compliance and accounting then I would be trying to organize and compartmentalize all of our insurance documents" said one CFO of a $2billion NYC based Hedge Fund.
Given that many CFO's wear a variety of hats for their firm, dealing with insurance and risk management can truly take away from other and more important day-to-day functions:
Time away from more important day-to-day functions effect bottom line profitability and long-term sustainability of any asset management firm.
We have found that our suite of products and services helps our clients focus on what is most important and takes unnecessary work off of their desks.
Below I have included a link to our 24/7 client portal demo. This demo illustrates how our online portal can help you organize and manage all of your firms insurance related documentation as well as keep abreast of all the firms insurance policies.
http://youtu.be/ddqNW0e_wuc