Page 91 - IRMSA Risk Report 2020

IGNORING RISK IS A RISKY BUSINESS

Risks are unavoidable in any business. While they can present a threat to your success, not all risks are bad, and taking a calculated
risk can help you get ahead. Today, organisations are exposed to more risks than ever before and, because they cannot be avoided, it’s
essential that you tackle them head-on to minimise the impact they could have on your business.

THE RIGHT ADVICE
Indwe has a team of highly qualified risk management specialists who can help you
identify, evaluate and manage uncertainty. Our skilled team use world-class risk
management systems and analytics to carefully assess and then develop a deep
understanding of the risks facing your business. Our specialists provide sound advice
so you can better understand your risks and make informed decisions based on the
unique risk appetite and risk tolerance of your business.

RISK MANAGEMENT ADVISORY SERVICES
There are several specific areas where we can provide assistance

Alternative risk finance solutions
Our alternative risk financing solutions start with a risk bearing capacity analysis
that will allow us to advise on the optimum risk transfer/retention strategy, which
may include contingency policies, cell-captive solutions and spread-loss facilities.
We use statistical modelling to identify optimum risk transfer limits, deductibles
and stop loss thresholds as part of a cost-effective re-insurance structuring,
designed to support your business in the event of a catastrophic loss.

Risk control and post loss surveys
With a team of qualified engineers and industry experts, we can support
operational management with fire, security, health, safety and logistics
risk assessments, identify compliance gaps and recommend risk control
improvements to enhance the overall risk profile of your business. We use
RiskTech to deliver exceptional service and insights into major property and
business interruption exposures, and we utilise UAV (drone) surveys for a unique
perspective of post-loss events and property surveys.

Risk management systems and analytics
Using the latest analytics and modelling, we identify trends and ensure that your
risk appetite is aligned to your risk management maturity. The use of technology,
supported by expert opinion and analysis of data, is key to mitigating risk
effectively in modern businesses.

Risk management governance and reporting advice
Our solution provides your leadership team with detailed feedback around risk
management maturity and standards of business resilience. It also includes
facilitated risk workshops, reporting guidance and assurance of the complete risk
management process.

When you have the right risk management strategy in place, you can better prepare your business and prevent or
mitigate damages, increasing the chance of success. For more information about Indwe’s risk management advisory
services, speak to one of our IRMSA certified risk professionals on 011 912 7300 or visit www.indwe.co.za.

www.indwe.co.za
Indwe is an authorised Financial Services Provider. FSP 3425.
Stratitude/IN2945
Ts&Cs apply.

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