Banks and Financial Institutions funding major construction projects and/or the operations of major businesses have a direct and essential interest in ensuring the appropriate insurance products are procured and effective risk management initiatives are implemented.

The relationships between these lenders and the beneficiaries are often highly sensitive and exposed to potential misunderstandings. IBH has become a leader in supporting various financial institutions and financial syndicates around the Middle East with the management of such situations. We provide our clients with the following services or a combination of services:

• Defining insurance requirements (cover, insurers, prices, benchmarking)
• Defining risk management requirements
• Defining lender/beneficiary responsibilities, reporting guidelines, and management process
• Supporting beneficiaries with insurance procurement
• Program auditing and lender reporting (pre and post-procurement)
• Compliance Certification
• On-going support and Verification