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Risk Forum

Effective risk management involves many stakeholders and individuals from across an organisation. Bringing these individuals together to consider interdependencies builds resilience and grows stakeholder confidence.

What is a Risk Forum?

A Risk Forum is a facilitated support programme designed to bring together stakeholders who impact upon and Influence risk.

The bespoke programme provides an opportunity to discuss and consider stakeholders’ activities which can impact a business, both positively and negatively.

What are the benefits?

It encourages leaders to look at risk collectively and ensure the interaction between business units is targeted on an organisation’s overall risk objectives.

It also provides the opportunity to ensure that the efforts of the business from a risk mitigation perspective are realised and linked into the transactional part of the risk management programme.

Other benefits include:

  • Better line of sight of risk management activity
  • Greater awareness of the impact of risk functions on various businesses units/departments
  • Improved insurance placement through better and more targeted understanding of risk control activity
  • More effective management of insurance premium through more tangible communication of risk mitigation programmes
  • Reduced duplication of effort in risk management and aligned activity to group strategy and objectives

Contact us:

For further details please contact your local Willis Towers Watson office.

Risk Forum factsheet:

Case study:

A food manufacturing organisation was looking at ways to drive changes in behaviours which impact the overall efficiency of their business.

They approached Willis Towers Watson to improve internal and external communication on risk management activity as they were concerned that suppliers could significantly impact the overall delivery efficiencies

Willis Towers Watson instigated a Risk Forum, bringing together nine key stakeholders from the supply chain. Each had direct influence over the organisation’s operational activities. Based on recommendations, the organisation was able to:

  • Align strategic and operational risk management programmes
  • Identify dependencies across the businesses
  • Prioritise on those aspects which had a direct infl
  • Agree a set of ten combined risk mitigation metrics
  • Evaluate and monitor risk

Willis Towers Watson’s independence to the organisation’s risk allowed objectivity which is often not available internally.