Business Risk Management

Forbes Magazine: February 2019, Gene Farrel reminded us of a startling fact: Back in 1950 the average age of a company on the S & P 500 was 60 years old, but today its under 20.

With the average lifespan of companies shortening, innovation and transformation are critical for businesses seeking to survive, let alone compete and remain viable.

Netflix did not kill Blockbuster. Ridiculous late fees did.
Uber did not kill the taxi business. Limited access and fare control did.
Apple did not kill the music industry. Being forced to buy full-length albums did.
Amazon did not weaken other retailers. Poor customer service and experience did.

The business environment is hostile and to be successful calls for leaders to be conscious of their operating environment. Leaders must become risk aware and devise sound risk response strategies to mitigate these new and rapidly changing business threats.

A recent global survey revealed that only 2 of the top 20 business risks have traditional insurance solutions. The remaining 18 risks require new skills to effectively deal with these threats.

Through our network of specialists, we can support your organisation in the development and implementation of a highly effective and tailored risk management programme, with the understanding that there is no “one-size-fits-all’’ solution. 

Our approach is practical, focused on the business interests of our clients, and aims to deliver real business value.