Case Study - Not-for-Profit

    Global Protection, Local Savings:
    20% Cost Reduction for Leading Non-Profit

    How Procurement Australia helped an international aid organisation streamline insurance, enhance coverage, and reduce costs across global operations.

    NFP Case Study
    Cost Savings-1

    20% Cost Savings

    Achieved significant annual premium reductions by leveraging global economies of scale.

    Global Coverage-1

    Enhanced Global Coverage

    Consolidated multiple policies into a unified master program for improved protection.

    Operational Efficiency

    Operational Efficiency

    Streamlined insurance processes, eliminating unnecessary costs and ensuring compliance across international affiliates.

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    Background and Overview

    Supporting a Global Non-Profit with Streamlined Insurance Solutions

    Insure Right’s senior partners were engaged by the Australian branch of a global not for profit, community-based aid and development organisation to help streamline their insurance arrangements.

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    The Challenge

    Managing Global Risk in High-Exposure Regions

    The client was eager to explore opportunities to implement a 'master' insurance program that catered for their international affiliates, many of which were located in "high risk zones" that were notorious for various territorial and people risk exposures. These ranged from political and natural disasters to staff and active volunteers being vulnerable to multiple perils requiring medical, security and/or emergency assistance.

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    The Solution

    Developing a Unified, Globally Compliant Insurance Program

    Our role was to work with the client to design and implement effective insurance strategies to deliver a more unified, global program for the group. We also ensured each affiliate was compliant with the relevant legislation and regulatory requirements in the country in which they operated from.

    To deliver the desired outcomes, we worked with the client to execute a bespoke, comprehensive tender process involving only suitably placed and experienced insurance brokers who had the capacity and global resources necessary to meet the client's requirements both locally and overseas.

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    The Result

    Achieving 20% Savings and a Streamlined Global Insurance Program

    The tender enabled them to leverage their 'economies of scale' to obtain numerous improvements in cover and achieve annual insurance cost savings exceeding 20%. The client realised various process efficiencies and eliminated unnecessary costs by rationalising the number of policies purchased by their overseas affiliates.

    The client also consolidated coverage across several key areas for their global affiliates, integrating them into their local 'master' program. This allowed their overseas offices to benefit from automatic coverage and cost advantages under locally admitted policies managed from Australia.

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