Minimising Threats and
Our team can
implement risk analysis and risk management as a process that allows an
institution's risk events and overall risk to be understood and managed
proactively, optimising success by minimising threats and maximising
opportunities and outcomes.
We always look at financial avoidance, which is a method for mitigating risk by
not participating in activities that may incur the loss of revenue, review of
the portfolio, and updating accounts.
Age retention of assets is an example of avoidance, retention is the
acknowledgement and acceptance of a risk as a given. Usually, this accepted risk
is a cost to help offset larger risks down the road.
Sharing risk is often implemented with Joint ventures that allow the companies
to pay a portion of said agreement. The understanding is that with more
participants sharing the risks, the costs of premiums should shrink
proportionately. Individuals may find it in their best interest to participate
in sharing the risk by choosing the right agreeable insurance plan for both
Loss Prevention and Reduction
This method of risk management attempts to minimize the loss, rather than
eliminate it. While accepting the risk, it stays focused on keeping the loss
contained and preventing it from spreading.
Terms & conditions
Code of practice