Risk Management Programs
Our customized risk management programs are conducted in close liaison with clients; the primary objectives being risk improvement, improved efficiencies, loss reduction, improved performance, reduced downtime, safety improvements, etc. depending on specific needs.
The following programs are covered:
These programs may be extended to cover Enterprise-Wide Risk Management Services across all facets of the organization.
Risk Management Approach
We use the “Responsive Risk Management Approach” for our surveys.
This is essentially a customized approach to a risk survey or a risk management program, taking into account the current risk profile and the desired practical result.
These are the steps we follow in our responsive approach:
> Analysis of claims statistics
> Identification of “hot spots” or problem areas
> Conducting targeted surveys
> Recommending remedial action to the client
> Drawing up a preventative maintenance plan
> Reviewing policy structure and policy conditions on the basis of the findings of the survey
> Follow-up on recommendations
Where relevant we will conduct in-depth analysis of the following aspects of the risk:
1. Project Management
2. Aged and obsolete infrastructure and equipment
3. Adequacy of Sums Insured and basis of indemnity
4. Critical equipment/assets
5. Maintenance Records
6. Asset Registers
7. Sample checks
8. Drawing up terms and conditions of compliance for plant and machinery
9. Surrounding Property
10. Third Party Liabilities