How can an insurance company’s risk management do justice to the current requirements and achieve competitive advantages?
Without adequate safeguards a company can sustain serious damage, especially in times of crisis, running into financial difficulties or even insolvency.
So risk management must be seen as an opportunity and not as an obligation. Companies that manage their risks on the basis of the actual risk situation gain an edge on the competition.
Including the organization, processes and IT, new regulatory provisions require the establishment of a fully integrated risk management based on company’s actual risk situation.
Solvency II Read More >
MaRisk Read More >
Status-Check IT Read More >
But it takes the integration of risk-based indicators into corporate management (by means, say, of a balanced scorecard) to gain a competitive advantage. Click here to learn more about value-based management (VBM).
We have extensive expertise in this area and help companies to face up to these challenges.