Enterprise Risk Management (ERM) is a disciplined and structured approach to aggregating, reporting and handling risks that could impede management achieving its objectives.
ERM consulting is a multi-billion dollar business mainly developed by the big accounting companies, most of whom offer ERM implementation advice within their consulting services.
Accountants do not have regulatory approval for arrangement of risk-transfer structures.
ERM has become more of an audit tick box exercise.
We help clients to:
Reduce total cost of risk to their businesses.
Reduce the impact of risk on returns on invested capital (ROIC).
Manage risk affecting revenue growth strategies.
*SOURCE: Price Forbes & Partners modelled 100,000 Monte Carlo scenarios
Monte Carlo simulations technologies, combined with risk data from the insurance market allow us to model the impact of risk and insurance as a strategic decision for your business. Our approach is a combination of actuarial and broker consulting; we look at the whole business picture.