The need for Risk Services
The relationship between Risk Management and Insurance has never been more important. The insurance market today is unstable brings less covers and price volatility. Practical Risk Management that compliments your insurance policies is the tool and means to minimise this volatility.
There is a growing trend in the insurance industry to 'walk away' or considerably decrease covers for clients who cannot or do not understand the link between their policy and risk management. Organisations can be exposed by not managing their risks with potential losses in the millions
Insurers also have an expectation that appropriate risk management practices and frameworks are in place to minimise potential losses. Although risk management is important to clients, it is not clearly understood in the context of insurance policies and the impact it may have on asset and human capital protection.
