Quantify and visualize the level of risk before and after countermeasures.
We support more effective risk management by systematically organizing and analyzing the various risks that may arise in connection with business activities, and by visualizing the risks that remain even after countermeasures have been implemented.
Based on unique data such as business schemes, technical specifications, and contracts, we comprehensively identify risk scenarios and evaluate the impact and probability of occurrence for each risk. The impact includes not only quantifiable factors such as property damage, lost profits, and contractual risks, but also those that are extremely difficult to quantify, such as geopolitical risks, regulatory change risks, and reputational risks. Generally, risks that are difficult to quantify tend to be difficult to transfer through insurance, but it is essential to understand their scale as they are important risks in business activities.
Managing residual risk through a risk register.
Our company proposes that our clients identify and list all risks associated with their business activities and manage them as a risk register. For each registered risk, we evaluate the maximum expected damage (as far as possible) and the frequency of occurrence, and then determine the most effective risk management method (including transfer to insurance) for each. Furthermore, we evaluate the amount and frequency of remaining risks after implementing the method, and provide comprehensive support to effectively minimize the total amount of remaining risks to an acceptable level.
This allows for the priority allocation of limited management resources to critical risk countermeasures, facilitates the evaluation of the appropriateness of insurance coverage and strengthened internal controls, and improves the ability to explain risks to business partners and stakeholders. Furthermore, by clearly identifying risks that remain even after countermeasures are implemented, it visualizes "to what extent have we been able to address risks and which risks will be accepted as management decisions," contributing to the realization of practical and strategic risk management.
If necessary, this service will be flexibly designed to suit your industry, business characteristics, and management structure, supporting the prevention of overlooked risks and the continuous improvement of risk management.