Fortune favours the prepared
Proactive risk management is the key to unlocking your business’ full potential.
Enterprise Risk Management (ERM) is a holistic and systematic approach to identify, assess, and manage the full spectrum of risks that an organization encounters in pursuit of its objectives. These risks can arise from a wide range of sources, such as financial fluctuations, operational vulnerabilities, regulatory changes, technological advancements, and external market forces. ERM goes beyond traditional risk management practices by integrating risk considerations into an organization’s overall strategy, culture, and day-to-day operations.
At SHMA, we take pride in our extensive experience and expertise in ERM. Our team of skilled Actuaries brings together a blend of technical knowledge, analytical prowess, and industry-specific insights to offer tailored solutions that meet the unique risk management needs of each client.
Avoiding unanticipated losses
One of the key benefits of ERM is that it helps organizations to anticipate potential risks and prepare for them in advance. This can include developing contingency plans, implementing risk mitigation strategies, or establishing processes for monitoring and managing risks on an ongoing basis. ERM also helps organizations to avoid unexpected losses by providing a comprehensive framework for identifying, assessing, and managing risks. By taking a proactive approach to risk management, organizations can ensure that they are better equipped to withstand unexpected events and to achieve their objectives over the long term.Managing uncertainty
Effective ERM programs help organizations make informed decisions and improve their overall performance. An effective ERM program helps organizations anticipate and prepare for potential risks, minimizing their impact and improving the likelihood of success. It can also provide a competitive advantage by enabling organizations to take on greater risks, which may lead to greater rewards.The Solvency II
Solvency II is a regulatory framework that has been developed based on the principles of Enterprise Risk Management (ERM) and is being adopted by insurance companies across the European Union. The framework aims to ensure that insurers have sufficient capital to meet their obligations to policyholders and other stakeholders, while also promoting a more consistent approach to risk management across the industry. This approach helps insurers to understand their overall risk profile, and to ensure that they hold adequate capital to cover potential losses.Learn how we create unmatched solutions
SHMA provides a large scale of services to its clientele aimed at simplifying complexities and supporting the decision-making process. With our help, your organization can enjoy a competitive advantage over your competitors.
