Accelerated savings for Volkswagon Group UK

After conducting a review of their insurance policies Geoff Hunt, Deputy General Counsel for Volkswagen Group United Kingdom Limited believed that more could be done to reduce the premiums they were paying.

Realizing Volkswagen Group significant and complex insurance needs would require expert external advice, he sought the specialist service of Expense Reduction Analysts Insurance Cost Management (ERAICM).

Due to the sheer scale and complexity of the project, it would end up taking over a year to complete the project, however the wait was definitely worth it. Aside from the complexity of VW UK's insurance requirements, the ERAICM team lead by Expense Reduction Analysts insurance expert Scott Ingham soon realized that their major challenge was in realigning the insurance industry's perception of VW UK.

"Whilst the company was seen as a motor manufacturer and trader, its operation in the UK could more accurately be defined as an importing, distribution, and marketing function," Ingham observed. "Our recommendations involved a multi-faceted review and changeover programme, repositioning VW UK's risk profile within the insurance industry, resulting in attracting many more insurers to the table and generating significantly more market appetite for the VW UK insurance business."

"We forged a very strong working relationship with the ERAICM team. They provided us with access to significant knowledge, technical expertise and experience and understanding of the insurance market which is not readily available to any organisation when they undertake this type of insurance review on their own," Hunt commented. "The results show that this was instrumental in the successful outcome of the project. The savings on insurance that we achieved with the help of ERAICM exceeded all our expectations. We would not have made those savings without their valuable guidance." Your success story is waiting to be written. Get started lowering costs for your company.

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