Integra launches new subsidiary, Integra Risk Services

Integra Technical Services has today launched a new subsidiary, Integra Risk Services, to complement its loss adjusting business, which is trusted by brokers and insurers to settle claims emanating from specialty lines sectors.  

Risk Engineering Management is the initial service Integra Risk Services is bringing to the Construction, Engineering, and Energy including Renewables markets. The service being offered enables insurers to closely monitor their portfolio of live projects to ensure the appropriate amount of risk engineering is being applied to their projects, the risk engineers’ reports are being delivered on time and costs being managed tightly. 

Integra Risk Services designs and delivers comprehensive management of all risk engineering activities, utilising a combination of our in-house risk engineers, who have different sector specialisms, as well as the services of specialist global risk engineers.  The combination of the two will deliver project specific insight as well as lessons learned from claims that have arisen in the past from projects that are comparable to those being surveyed.

Paul Latimer, Managing Director Integra Risk Services, said “Having spent over 25 years within the insurance industry as both a broker and an underwriter, I am fully aware of the challenges faced by insurers and brokers in the delivery of risk engineering programmes. Our goal is to provide a trusted and reliable outsourced service to our clients that will provide time savings in excess of 120-man hours associated with programme development, fee management and administration per project. I am delighted by the support and feedback received from the market so far and I look forward to creating value for our clients going forward.”

Integra Risk Services is also able to offer additional services such as detailed electronic schedule analysis, pre-bind engineering reports, desktop reviews, and ESG due diligence.

Leo Dixon, Chief Executive Officer, Integra Technical Services added, “The importance of risk engineering on a construction policy is recognised by all, however for years insurers subscribing to projects have been paying for a service that is not being fully utilised or in some instances not provided at all. Integra Risk Services has been developed to help solve this as well as other challenges the industry faces. Paul has already shown his value to Integra through his sector knowledge and connections, and I’m excited to see the positive impact our Risk Engineering Management service has for our Insurer and Broker clients.”