Deloitte to provide risk transformation services to Commonwealth of AustraliaDOWNLOAD
28 January 2014: In response to the continually evolving world of risk management, a consortium led by Gallagher Bassett Services (GB) and Deloitte has been awarded a contract to provide insurance and risk transformation services to Department of Finance (Comcover). The contract is for an initial term of three years, beginning 1 March 2014.
Comcover is the Australian Government's general insurance fund and is administered by the Department of Finance. Responsible for delivering a range of insurance and risk management services to more than 160 Australian Government departments and agencies, Comcover has charged the consortium to help it better manage risk, reduce incident frequency and manage claims expense.
Matthew Fraser, Deloitte Risk Partner said: “Having provided risk management services to Comcover for the past five years alongside Gallagher Bassett, we have developed a deep understanding of the risk management needs of Comcover and those of its fund members.”
“We will enhance our services in a number of ways including using our intuitive benchmarking tool to provide deeper insights and greater risk visibility to Comcover and fund members,” continued Fraser.
Other members of the consortium include Protecht, Riskflo and Arthur J Gallager who will jointly deliver an integrated solution based on the latest best practices and technology providing measurable benefits and efficiency gains to Comcover.
Jon Winsbury, GB’s Managing Director, said “I’m extremely proud that, following a rigorous competitive tender process, the Gallagher team was selected; it reaffirms the confidence that Comcover has in our ability to continue to deliver for their fund members.”
Jon continued, “We put forward the very best team to deliver what is an extremely diverse set of core services for the Department of Finance. Arthur J. Gallagher (Aus) Pty Ltd will continue to provide account management and insurance advice services and we welcome Deloitte to the consortium for this new contract term. Deloitte was chosen due to its proven ability to deliver specialist risk management expertise to Government.”
Head of Deloitte Risk Services Harvey Christophers said: “The success of our consortium bid demonstrates that Comcover is making an investment in deepening the understanding of risk across the whole of Commonwealth Government. Deloitte is looking forward to working with the other members of the consortium to provide consistent service and actionable insights to Comcover and all the fund members it serves.”
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