Broker Details

Alternative Risk Services
250 Yonge St. Ste. 2900 
Toronto, ON, M5B 2L7

Phone: (416) 408-5330
Toll Free:
Fax: (416) 408-3721

Languages spoken: English

Insurance Types:
Not For Profit Associations

  • About Us

    Alternative Risk Services, along with its sister company Dion, Durrell + Associates Inc., lead a team of actuarial and insurance consultants. We create and implement innovative strategies which encompass risk financing, insurance management and insurance distribution solutions. Our uniqueness rests in our ability to provide far more than insurance brokerage expertise.  We design the best structure to fit the challenge and, if appropriate, implement and manage the solution on our clients’ behalf.

    Most of all, we never take things at face value. It isn't unusual for us to bring together associates from various areas of our firm to brainstorm ideas about a problem. As a result, we have a reputation for uncovering the possibilities in seemingly impossible situations.

    As an independent consulting firm, Alternative Risk Services has no vested interest in the status quo. Therefore, we are free to look in new directions for uncharted opportunities. We then explore those opportunities, while guiding our clients safely through the complexities.

    Most of what we do initiates change. However, change need not be disruptive. For example, it might involve finding new ways to work more efficiently within existing relationships, and reaching for the win-win solution.

    Our innovative, strategic approach rests on the knowledge, experience and imagination of creative, entrepreneurially minded staff and professionals. They combine depth of experience with academic credentials varying from actuarial science, business administration and accounting, to law and engineering.

  • Personal Insurance Products

    Alternative Risk Services understands personal lines insurance from a number of perspectives. We offer consulting and program management services to many of Canada’s largest group home and automobile insurance programs. We also serve some of the country’s largest associations, unions and corporations.

    On our clients’ behalf, we can help negotiate agreements with insurers, assess and report on program profitability, review rate stabilization or profit sharing arrangements, review of rate program and rate proposals, and more. In fact, a number of our clients outsource all these program management areas to Dion, Durrell + Associates Inc., to ensure that their program meets the needs of their stakeholders. 

  • Business Insurance Products

    Alternative Risk Services helps organizations which face an array of insurable and uninsurable risks on an enterprise-wide basis, including insurance risks, financial risks, operational risks and strategic risks. Each client’s business encompasses a unique set of risks, and each client has a unique appetite for risk-taking.

    Our Risk and Insurance Management Practice forms a complete continuum. We first help our clients quantify risk, using the most appropriate actuarial methods through our sister company, Dion, Durrell + Associates Inc.. We then find opportunities to reduce costs and optimize savings through a combination of risk retention and risk transfer. Our clients are then able to consider the most innovative options, including integrated risk and captive solutions.

    At the planning stage, our strategic and consulting services help clients assess and quantify new or existing risks. Through expert actuarial analysis or risk management audits, including insurance policy analysis, we determine how effectively risk is being financed. We can act on our clients’ behalf, handling tenders to insurance brokers, helping them find risk management outsourcing services or offering unbiased advice as expert witnesses.

  • Additional Services

    Alternative Risk Services provides insurance management and administrative solutions to self-insurance organizations and reciprocal insurance exchanges as well as to clients who operate insurance programs. Ranging from professional liability to property insurance programs, our services include:

    • Claims management oversight
    • Policy certificate issuance
    • Underwriting
    • Financial reporting
    • Regulatory reporting
    • Administration
    • Loss prevention
    • Claims audits
    • Actuarial valuations and appointed actuary work

    We balance two critical objectives: highly efficient delivery and highly customized service. For some clients, we operate as a virtual insurance company, delivering the full array of services, directed by their board or committee structure. For others with an infrastructure in place, but requiring specialized assistance, we can provide unbundled services.

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