WHY ENTERPRISE RISK MANAGEMENT?

External stakeholders – including rating agencies – are explicitly taking into account the effectiveness of a company’s enterprise risk management (ERM) in their evaluations. This fact alone makes the need for ERM very tangible. But there is much more.

  • Using a systematic approach to identify and understand threats to the organization will result in better planning, decision making and governance.
  • Assigning employees at all levels distinct responsibility for addressing risk and giving them the tools to do so will result in more consistent execution of those plans and decisions.
  • Systematic processes to measure and mitigate risk can help reduce costs by lowering the likelihood and impact of unforeseen loss events and volatility of results.

In the final analysis, an effective ERM program extends beyond loss management and risk financing to the creation of value by helping an organization better assess and capitalize on opportunities.

Enterprise Risk Management: What We Think

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All Enterprise Risk Management Publications

Willis In History

Did you know Willis was the insurance broker for the first commercial service of the Airbus A380, as operated by Singapore Airlines on 25 October, 2007?