Cairn Energy PLCMicheal Jamieson, Risk & Compliance Manager
Mactavish offer a unique proposition. They conducted a completely independent review of our operational insurance policy and the key improvements they recommended were implemented by the underwriters with Mactavish support.
Prior to working with Mactavish, our policy had not been subject to a comprehensive independent review. They first conducted a review of the wording, had improvements drafted by barristers and then negotiated with our broker. Mactavish’s approach to reviewing our policies was forensic in detail, considering a number of scenarios to test how the policy would respond in the event of a claim. This approach provided the team and the board with assurance that the policy was as robust as possible and would respond to future potential claims in the way we expect.
At the end of the project, Mactavish produced a Policy Assurance Statement which provided an overview of our policy in respect of its core covers and perceived risks. It outlined the improvements achieved along with the reasoning and benefits of the changes implemented. The statement was both detailed and easy to understand and was an effective method for demonstrating the value in the project to Senior Management.