Asia - Risk Management Services

From the earliest days of local commerce, up to the present with increasing globalisation of economies, Risk has played an important role in the development of business. The concept of Risk and Reward, or Opportunity and Threat, has always been present, and has driven business decisions through the ages. The development of the insurance industry has played a significant role in providing a means of “smoothing” losses when the risks crystallised for some, paid for out of the rewards that materialised for others.

But the business environment has changed. Along with globalisation, we have seen attempts to harmonise business standards through the efforts of legislators, regulators, customers, suppliers and increasingly-powerful social groups. This has created an environment where the previously clear demarcation line between “insurable” risks (the prospect of loss or no loss) and “commercial” risks (the prospect of gain or loss) has become blurred; the result of this convergence is a new approach which requires all risks to the organisation to be addressed within a single cohesive framework. Add to this the fact that only around 35% (by number) of an organisation’s significant risks can be transferred to the insurance market, the case for Minding Your Own Business has never been so strong.

Lockton’s Asia Pacific team recognise that our clients may need help beyond the development of their insurance programmes, and we have developed a range of core risk management services designed to help you minimise the threats that may affect your ability to maximise the opportunities which come your way. The attached provides an outline of how we can help, but for more information please contact your local Lockton representative.

Specialist Risk Management Services include:

• Enterprise Risk Management (ERM)
• ERM-Lite
• Corporate Safety Management
• Supply Chain Risk Management
• Product Safety Risk Management
• Project Risk Management
• Business Continuity Management
• Risk Engineering