Risk management

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BSI provides consultancy in risk management for insurance and reinsurance organizations. Assessing risk is in the DNA of an insurance organization and BSI can help to extend this beyond the core business to the day-to-day operations. Our approach to risk management adheres to a number key principles, risk management should:

  • Create value
  • Be an integral part of organizational processes
  • Be part of decision making
  • Explicitly address uncertainty
  • Be systematic and structured
  • Be based on the best available information
  • Be tailored
  • Take into account human factors
  • Be transparent and inclusive
  • Be dynamic, iterative and responsive to change
  • Be capable of continual improvement and enhancement


Insurance Day News Feed

  1. Insurers count first-half investment profits but must manage them wisely

    Wed, 21 Aug 2019 14:44:37 GMT
    Carriers in London and Bermuda clawed back recent investment losses in a strong first half, but the economic environment is...
  2. Legal Focus: The challenges of insuring decommissioning risks

    Wed, 21 Aug 2019 12:05:51 GMT
    The decommissioning of oil and gas fields is a growing area of work that presents particular challenges for insurers