the risk management blog

Lowers Risk Group in 2023

byMark Lowers | April 17, 2023

It hasn’t been easy, but I’m thrilled to say that our business has evolved significantly since the 2020 COVID-19 pandemic.

Today, Lowers Risk Group provides a single point of contact to help businesses around the world manage complex pre-risk and post-loss challenges. Our clients operate in high-risk, highly regulated environments and call on our team of subject matter experts to help minimize risk exposure and maximize new opportunities that enable long-term growth. We’re helping our clients, partners, employees, and those they serve build resilience – and brighter futures.

In order to catch you up on how our business has changed and how our specialized team of global subject matter experts is helping consult on claims involving human capital, technology, cyber, large loss property, casualty, energy & mining, industrial, retail (and many, many more), we’ve put together a timeline of recent milestones.

And because sometimes a picture is worth 1,000 words, we’ve also created a simple, interactive pre-risk and claims services map that highlights how each Lowers Risk Group service can help your business – and your client’s business – keep moving forward.

  • April 2020: Led by London insurance market veteran David Bosley, Lowers Risk Group launched Adjusteck, providing loss adjusting services to the global insurance community through a unique combination of technology and extensive partner network, with specialties in complex industrial claims.
  • May 2021: Lowers Risk Group launched Lowers Drone Solutions to simplify the collection, analysis, and distribution of aerial data and provide insurance professionals and business owners deeper insights into their potential risk for better real-time decision-making.
  • July 2021: In collaboration with Mastercard, Lowers Risk Group launched Periculus, providing small to medium-sized businesses access to tools, services, and solutions – including a free Cyber Quant assessment and access to cyber insurance – to make managing business risks simple.
  • November 2021: Lowers Risk Group exited the human capital space selling its public records research firm Wholesale Screening Solutions as part of a move that enabled the formation of a new company InformData, focused on curating a “people data” platform serving a variety of industries including insurance markets.
  • May 2022: Through Lowers Forensics International, Lowers Risk Group launched the next generation of Stratis, an AI-powered platform that automates the BI calculation process to handle high-volume claims more efficiently, helping get insureds back on their feet faster.
  • September 2022: Lowers Risk Group formed LRG technologies as part of create technology solutions to help your business grow. Our security-focused development and decades of risk management experience ensure you’re prepared for whatever comes next.
  • April 2023: With its insurtech product success, Lowers Risk Group will debut Risk Concierge by Periculus at RIMS 2023, featuring an updated app and marketplace that includes a suite of assessments and new solution providers to give businesses everything they need to manage risk, all in one place.

Heading to RIMS in Atlanta?

Visit our recently updated microsite that gives you everything you need to know about our business, team, and key resources.

For more, click the link below to discover how our ecosystem of services can help you manage uncertainty.

Have a question? Contact us and let’s start a conversation.

ABOUT THE AUTHOR

Mark Lowers is Founder and CEO of Lowers Risk Group. He is an international authority on risk management and its many component disciplines. He is widely cited on risk management and security issues, and he has published numerous articles on those topics. Mark is a certified fraud examiner and has over 38 years of experience administering risk management functions including risk assessment, risk mitigation techniques, audits, and compliance programs.
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