In order to avoid risks or to at least be able to counteract them, it is vital that they are recognised, classified and evaluated. Tiered hierarchies, complex processes and IT systems, and international integration make risk management consulting services necessary to help secure the future of a company.
Enterprise risk management is a structured, consistent, and continuous risk management process applied across an entire organization that allows companies to better understand and address material risks. Corporate boards, ratings agencies, and regulatory bodies are among the key drivers for advancing enterprise risk management . The implementation of enterprise risk management can facilitate better capital resource allocation decisions, increase operational efficiency, and enhance a company’s risk control efforts to support critical strategic, compliance, and governance initiatives. Marsh Advisory can help your organization apply an integrated approach to identifying and assessing business-critical risks, evaluating existing risk management infrastructure elements, and constructing continuous, in-depth enterprise risk management processes.