Risk Management

Risk Management
Risk Management

Risk Management

Risk Management is a process of identifying, analyzing, measuring, minimizing and controlling risks. In the insurance industry, we limit ourselves to the study of pure risks that can be transferred to insurance entities. As a result, we do not venture into territories of speculative, economic and business risks which are themselves, not insurable.

In the realms of risk management, we partner organizations in helping them to identify risks they face. We also prepare risk review reports including risk registers and help businesses to mitigate risks. Wherever insurable, we also recommend relevant insurance products and valuable add-ons. We can arrange for risk inspections followed up by Risk Improvement Recommendations in partnership with insurers. We also work organizations and do ‘claims/loss simulation’ exercises which help in understanding the clients preparedness to handle various aspects of a claim/loss.

We strongly believe that a proper Risk Management regime can result in better loss histories, which itself can result in better pricing. The inverse is as well, true. Organizations who do not employ expert risk managers or who do not have a risk team need the support of the insurance fraternity to manage their risks optimally. We can offer our services in this field with respect to insurable risks and help organizations manage their risks better.