Willis and Towers Watson have merged. Visit willistowerswatson.com

Effective risk management is an essential business function which ensures the sustainability, security and growth of an organisation.

Risk management is increasingly in the spotlight due to the pace at which the world’s economy is changing, along with the complexity of risks facing organisations.

Furthermore, organisations are under enormous pressure from an increasing number of stakeholders to provide clear business strategies for growth in the short, medium and long-term. As a result, organisations need risk advisors who:

  • Put the client first
  • Understand the evolving landscape
  • Understand strategic objectives
  • Align risk to business strategy
  • Identify risks that might prevent them from achieving objectives
  • Recognise the importance of opportunity risks
  • Recommend risk management strategies to support a successful and sustainable business

Benefits of effective risk management

The Willis Towers Watson connected approach is about providing global expertise to each organisation, ensuring the support needed is readily available to help achieve objectives. Benefits of an effective and comprehensive risk management programme include:

  • Reduction in risk exposure
  • Reduced number and frequency of incidents
  • Alignment with legal compliance and corporate governance
  • A connected risk solution for both insured and non-insured risks
  • Better managed insurance programmes
  • Increased value from insurance premiums
  • An embedded, cohesive, company-wide approach to risk management

Services

Risk management teams provide support concerning the key risk categories of asset, business and people. Areas include:

Strategic Risk Management - Evaluating risks associated with an organisation and its operations; provides solutions at both an operational level as well as strategic. Services include:


Property Risk Engineering (PRE) - Evaluates key risk exposures and the adequacy of controls in relation to property. Inspection services ensure an independent appraisal of controls and recommends areas for improvement. Globally available, PRE can be used to benchmark best practice and provide leverage when presenting risks to the market. Services include:

Claims Defensibility - Reviews a company’s civil liability arrangements. Focuses on the procedural systems in place and claims related documentation to assess an organisation ability to defend claims. Services include:

Health and Safety – Identifies and evaluates risks relating to employers and public liability, supporting the mitigation of risk exposure and the development of proactive risk reduction programmes. Services include:

Occupational Road Risk – Reviews work-related road risk management activities and evaluates overall effectiveness. Ensures an organisation manages relevant occupational driving risks, associated costs and the risk of injury while confirming they meet their legal obligations. Services include:


Analysisimage

Contact Us
If you would like to discuss Risk Management and how we can help you implement the right approach for your business then please contact us.