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. Focus: The market must do more to stem the decline in maritime skills

    Fri, 30 Oct 2020 15:18:06 GMT
  2. Focus: The marine market must construct a vision of itself beyond Covid

    Fri, 30 Oct 2020 15:18:05 GMT
    As the marine sector navigates the fallout of the pandemic, it is vital that risk carriers, brokers and coverholders work...