An insurance audit in the agri-food sector

So that you can learn more about the expertise of Audit Chorus Conseil, we have asked some of our clients if they would look back on their experience with Audit Chorus Conseil. Mr Jacques Guibert, the Financial Director of the GROUPE GRIMAUD La CORBIERE SA has been kind enough to give us his impressions of our working partnership, as well as explaining some of the particularities of insurance in the agri-food sector.

• What does the GROUPE GRIMAUD La CORBIERE SA do exactly?
• The business of the GROUPE GRIMAUD La CORBIERE SA involves poultry and pork selection, biotechnology, incubation and poultry multiplication.
• How did you find Audit Chorus Conseil and what were your requirements/objectives at that time?
• We used the Google search engine to look for an insurance service provider, typing in “insurance consultants”.
  The way in which the Groupe Grimaud handled its insurance was somewhat eclectic at the time of the search.
  
  The aim was to find an insurance consultant that was independent of companies and brokers, in order to:
  • Audit the insurance situation of the group
  • Prepare and negotiate a centralized insurance plan
  • Make savings on premiums
  • Have better risk coverage
  • Organize the insurance department for the future.
• How did the service roll out (from the first contact through to project completion)?
• • A message was sent via the site in July 2007
  • The consultant called back without delay. An appointment was arranged for Audit Chorus Conseil to present their service and make a proposal.
  • Negotiation of the mission and its terms
  • Signing of the audit agreement
  • Audit, assisted by the internal insurance manager, Ms Catherine Pers
  • Audit report
  • Specifications
  • Invitation to tender
  • Reception and sorting of proposals
  • Group consultation
  • Definitive choices
  • Reciprocal agreements between the Group, brokers and companies
  • Full support in the implementation of the new insurance plans.
• What benefits have you obtained from the service?
• • Savings in our insurance premiums
  • Better coverage (higher ceiling limits, revised exclusion clauses, etc.), improved structure with a Group approach, rather than case by case
  • A co-ordinated involvement of subsidiary managers in the choice of coverage
  • Better knowledge of standard practice with brokers and companies
  • Development of internal competencies
  • Improved awareness of the risks throughout the companies belonging to the Group
    
    
  • The objectives have been fulfilled

We would like to thank Mr Jacques Guibert (Financial Director) and Ms Catherine Pers (Insurance Manager) from GROUPE GRIMAUD La CORBIERE SA, for their kind participation.