Hylant: Identifying Hidden Exposures and Potential Risks

Michael Hylant, CEO, HylantMichael Hylant, CEO
Over the years, insurers have been facing a number of uncertainties from external factors such as government regulatory bodies as well as internal risks associated with operations and finance. Security of insurance contracts, policyholders, and their investment also add to the pile of misery. To identify potential mitigation strategies and minimize the effects of risks on their capital and earnings, insurance organizations have heightened their interest in advanced Enterprise Risk Management solutions and strategies. Headquartered at Toledo, OH, Hylant focuses on identifying hidden exposures within an organization through their state-of-the-art risk management services and action plans, aligning with business goals to maintain long term security against such threats.

The company provides a full review of an organization’s program, analyzes its threats, and determines potential risks. Hylant then develops a program meeting the needs of the client to reduce overall cost of risk. “We consider factors that usually go unnoticed such as unidentified product liabilities, and begin quantitative risk analysis with extensive audit into policy issues,” asserts Michael Hylant, CEO, Hylant. The company provides all the information from risk assessments and data analysis to the client when it is required. “The quantitative risk analysis serves as a blueprint for identifying and capturing key risk management efficiencies.” In addition, the company trains client management teams on loss prevention processes to help them gain competitive advantage in the market.

To further strengthen its services, the company updates its clients on market changes, new products, exposures, and emerging legislation. They provide add-ons such as e-mails, phone calls or pre renewal strategy meetings to help their clients to effectively manage risks and equip them with the necessary information to make smart decisions. Hylant allows companies to gain greater control of their risks through ownership of their loss control process. It assists clients in delivering clear and undiluted message to the insurers by offering a direct placement model that enables them to maintain a required balance between professional advice, advocacy and deal execution.

We consider factors that usually go unnoticed and begin quantitative risk analysis with extensive audit into policy issues.

Covering numerous industries including automotive, construction, energy, and healthcare, the company meets increasing requirement of insurance brokerage by guiding companies to better manage their large insurance programs with multiple exposures. The company offers customized risk management programs and claim services administered by experienced advisors according to client needs. The company does not limit itself to domestic clients but also serves international clients with its expertise on foreign policies. Aligned with the Worldwide Broker Network (WBN), the company has global broker partnerships to offer its clients with local knowledge and key market strategies.

A law firm, based in Indianapolis was administrating bankruptcy receivership for a large ethanol refinery. They recognized a number of risks associated with environmental exposures and were looking for an insurance to protect the refinery in case of any acidic waste released on site or while transportation. Hylant provided them coverage for pollution releases onsite, transported cargo, and non-owned disposal sites, eliminating gaps in insurance coverage and protection for the law firm.

To stay on the leading edge of insurance brokerage and risk management services, Hylant will foster expansion in its portfolio of services to lower the cost of risk while increasing safety. The company aims at maintaining strong international brokerage relationships to serve organizations worldwide. “We will delve deeper into the risk management strategies that support mergers, acquisitions, divestitures, public-to-private partnerships, commercial loans and structured financial transactions,” concludes Hylant