Uncertainty is no longer the exception. It is a member of a company’s management team
More than ever before, the business world is characterised by uncertainty and change. At the same time, it offers new opportunities and potential for growth. Our integrated risk management helps you to identify risks at an early stage, make well-informed decisions, and capitalise on these opportunities in a targeted manner.
Insurers are becoming more selective
Insurance remains an important part of risk management. At the same time, insurers remain highly selective when it comes to complex, loss-prone, cumulative or difficult-to-model risks. For certain risks, sectors or exposures, cover is limited, expensive or not available at all.
What this means is:
Companies must understand which risks can be transferred, which they should bear themselves, and which must be actively mitigated before they become or remain insurable.
The management and the board of directors have a greater responsibility
Risk management is not just about protecting the balance sheet. It is part of sound corporate governance. Directors and officers must be aware of relevant risks, assess them appropriately, implement effective measures and provide clear justifications for their decisions. In this way, they protect both the company’s reputation and their own.
What this means is:
A risk report produced solely for filing purposes is not sufficient. The crucial factor is whether risks are translated into strategy, organisation, controls, investments, insurance coverage and response.
To ensure that businesses remain able to operate, even in the face of uncertainty
We support management teams and boards of directors in identifying risks at an early stage, fulfilling their responsibilities and making sound decisions. Not out of fear of risks. But rather from the ambition to shape a better future.
The cornerstones of our integrated risk management
Comprehensive care: we consistently integrate risk management with insurance management, thereby ensuring risk-adjusted transfer solutions
Our services and solutions focus on all types of business risk – both insurable and non-insurable.
We provide comprehensive support at every stage of the risk management process – from identifying a risk, through effective prevention, to responding to and managing loss events.
Moving away from gut instinct or static risk management, we empower companies to adopt an intelligent and dynamic approach to risk management – decisions are not made on a whim, but on the basis of reliable risk information.
We integrate risk management effectively with existing management tools such as quality management and crisis management – this allows us to capitalise on synergies and avoid duplication of effort.
For relevant risks, we recommend mitigation measures that go beyond insurance coverage – we do this either through our own resources or by selectively building a network of risk partners.
