The document discusses Zurich's risk engineering services which help customers manage risks across their businesses. It outlines Zurich's capabilities in areas like property risk management, business resilience management, strategic risk management, and more. It also provides details on Zurich's marine risk management services including general marine risk assessments, loss prevention concepts, and marine risk analysis to help customers minimize loss exposures.
This two day masterclass is specifically designed to expand participants' knowledge of, and skills with respect to weather
analysis, wind turbine basics, and the modeling, calibration and valuation of wind and wind derivatives.
This two day masterclass is specifically designed to expand participants' knowledge of, and skills with respect to weather
analysis, wind turbine basics, and the modeling, calibration and valuation of wind and wind derivatives.
Risk engineering management ppt for agsb oct 19, 2011Mr A
This presentation was for the Operations Management Cluster "Better SAFE Than Sorry" Safety Forum administered by the Operations Class M08, First Semester 2011. By Mr. Raul Mercado, President/CEO of LAJMAR Management & Technology Resources, Inc.
2014 has been a year of remarkable upheaval and uncertainty across the globe. The aftershocks of the 2008 financial crisis and Eurozone debt crisis continue to reverberate throughout the world’s financial markets. To the challenges posed by these aftershocks have been added those of continued warfare and strife across much of the Middle East, the deteriorating situation in the Ukraine and the attendant cooling in relations between Russia, the US and the EU. The effect of these and other similar events on the contractual relations entered into by our clients is uncertain and may necessitate the invoking of the doctrine of frustration and the use of Force Majeure clauses, particularly for those clients doing business in emerging markets. This session examines the kind of events which may justify the invocation of frustration and Force Majeure, such as political change, civil unrest and the imposition of sanctions, and offers tips on how best to minimise the effect of such risks at the contract drafting stage and during times of unrest
Startany.com. Remote Acceleration Program.
---------------------------------------------------------------
The Founder’s Guide to Early-Stage Valuation
Presented by Stephen R. Poland, co-founder 1x1 Media.
For many early-stage entrepreneurs assigning a valuation to your startup is one of the more intimidating tasks encountered during the fundraising quest. Based on the popular Founders’ Pocket Guide: Startup Valuation, this webinar provides a quick reference to all of the key topics around early-stage startup valuation and provides step-by- step examples for several valuation methods.
This webinar helps startup founders learn:
What a startup valuation is and when you need to start worrying about it.
Key terms and definitions associated with valuation, such as pre-money, post-money, and dilution.
How investors view the valuation task and what their expectations are for early-stage companies.
How the valuation fits with your target raise amount and resulting founder equity ownership.
How to do the simple math for calculating valuation percentages.
How to estimate your company valuation using several accepted methods.
Stephen R. Poland
Stephen R. Poland has worked with hundreds of startups and entrepreneurs, mentoring them on startup mechanics, funding plans, pitch decks, financial models, and due diligence documentation for the angel funding process.
Steve brings more than 20 years' experience in startups and entrepreneurship to his career. Leveraging leadership roles with the Walt Disney Company, MacMillan Publishing, and Bertelsmann, Steve co-founded startups in the digital music and on-demand media manufacturing sectors, as well an early days anti-virus product.
Along with being co-founder of 1x1 Media, Steve works as a venture growth advisor in Western North Carolina.
Entrepreneurs need to put a value on their start-ups in order to raise money, and investors need to put a value on their investments to ensure an adequate return on investment. No negotiating item between entrepreneur and investor creates a wider gulf than this one. The two parties may agree on every other point but will have diametrically opposing views on what the start-up is worth and how much equity the investor should receive in exchange for his capital.
Valuation is challenging for a start-up. Since young businesses take time to become profitable, the trick of valuing start-ups is to focus on the future. If you want your start-up to be a masterpiece, you’ll need to use the right side of your brain as much as your left to determine value.
Is business valuation art or science? Is it possible to place a credible valuation on a Start-up? What is Pre-money valuation? What is Post-money valuation? How much your company worth? Are you really worth anything until you’re profitable? How to value your start-up for a VC? What are the Start-up valuation methods?
FInancial Modeling and Valuations for Startups: Telling your Story with NumbersForesight Valuation Group
Telling your story with numbers, building a solid financial model and determining pre-money valuations for fundraising, are some of the most challenging activities for entrepreneurs.
Creating a set of realistic financial projections is critical to effectively communicating valuation expectations to investors and potential partners, while at the same time serving as an important tool to help articulate how you will prioritize spending and maximize the return on investment for an investor.
Based on her experiences as a valuation expert, CFO, start-up advisor and Stanford Lecturer, Efrat Kasznik will provide practical, hands-on tools on how you can :
• Build a robust business and financial model, based upon realistic expectations and sound assumptions
• Analyze different revenue models and cost structures associated with the formation of an emerging venture
• Implement best practices for structuring short and long term financial projections for your business plan and investor fundraising
• Understand the factors and models that determine startup valuations throughout the funding cycle, from seed funding to an exit event
• Successfully communicate your financial vision and understanding to investors
Investor readiness: 99 questions from investors by Startups.beStartUps.be
Sharpen up your pitching skills: how to talk about your product, metrics, business model, team and more! Want to get investor ready? Visit www.startups.be/fundraising
Investor readiness: Startup valuation by Startups.beStartUps.be
Check out the most reliable methodologies and become aware of the risk factors. More information on getting investor-ready: www.startups.be/fundraising
Aon understands the challenges faced by fleet operators in managing the cost of motor related incidents and ensuring that Duty of Care responsibilities are met. These responsibilities place a significant burden on organisations to understand and manage the risks associated with employees who drive at work. The potential for significant liability and incident-related costs requires organisations like yours to develop robust and effective motor fleet management systems and operational processes.
Aon Fleet Complete offers a full package of services essential to the successful management and control of commercial, business and grey fleets. Fleet Complete is a comprehensive and structured programme including:
- Total Cost of Risk Analysis and Claims Benchmarking
- Assessment of Occupational Road Risk focussed on drivers, vehicles and journeys
- Examination and development of policies, processes and fleet operations
- Risk Management solutions to reduce incident rates and associated costs
Fleet Complete provides risk management solutions that help our clients to:
- Understand and reduce both known and hidden incident-related costs and the causes of poor loss performance
- Optimise the motor insurance programme and provide the opportunity for informed choices regarding risk appetite and risk retention thresholds
- Develop robust and fit-for-purpose policies, processes and management systems
- Lower operational costs and make efficient use of assets
- Document the required evidence of meeting Duty of Care obligations for audit and other stakeholder purposes
- Protect their brand and reputation from the consequences of motor incidents
This document delineates Lloyd Alman's Engineering Consultancy Group capabilities in performing consultancy services to companies active in oil and gas sector as well as introducing features of their Risk Based Inspection software AIMs.
Risk engineering management ppt for agsb oct 19, 2011Mr A
This presentation was for the Operations Management Cluster "Better SAFE Than Sorry" Safety Forum administered by the Operations Class M08, First Semester 2011. By Mr. Raul Mercado, President/CEO of LAJMAR Management & Technology Resources, Inc.
2014 has been a year of remarkable upheaval and uncertainty across the globe. The aftershocks of the 2008 financial crisis and Eurozone debt crisis continue to reverberate throughout the world’s financial markets. To the challenges posed by these aftershocks have been added those of continued warfare and strife across much of the Middle East, the deteriorating situation in the Ukraine and the attendant cooling in relations between Russia, the US and the EU. The effect of these and other similar events on the contractual relations entered into by our clients is uncertain and may necessitate the invoking of the doctrine of frustration and the use of Force Majeure clauses, particularly for those clients doing business in emerging markets. This session examines the kind of events which may justify the invocation of frustration and Force Majeure, such as political change, civil unrest and the imposition of sanctions, and offers tips on how best to minimise the effect of such risks at the contract drafting stage and during times of unrest
Startany.com. Remote Acceleration Program.
---------------------------------------------------------------
The Founder’s Guide to Early-Stage Valuation
Presented by Stephen R. Poland, co-founder 1x1 Media.
For many early-stage entrepreneurs assigning a valuation to your startup is one of the more intimidating tasks encountered during the fundraising quest. Based on the popular Founders’ Pocket Guide: Startup Valuation, this webinar provides a quick reference to all of the key topics around early-stage startup valuation and provides step-by- step examples for several valuation methods.
This webinar helps startup founders learn:
What a startup valuation is and when you need to start worrying about it.
Key terms and definitions associated with valuation, such as pre-money, post-money, and dilution.
How investors view the valuation task and what their expectations are for early-stage companies.
How the valuation fits with your target raise amount and resulting founder equity ownership.
How to do the simple math for calculating valuation percentages.
How to estimate your company valuation using several accepted methods.
Stephen R. Poland
Stephen R. Poland has worked with hundreds of startups and entrepreneurs, mentoring them on startup mechanics, funding plans, pitch decks, financial models, and due diligence documentation for the angel funding process.
Steve brings more than 20 years' experience in startups and entrepreneurship to his career. Leveraging leadership roles with the Walt Disney Company, MacMillan Publishing, and Bertelsmann, Steve co-founded startups in the digital music and on-demand media manufacturing sectors, as well an early days anti-virus product.
Along with being co-founder of 1x1 Media, Steve works as a venture growth advisor in Western North Carolina.
Entrepreneurs need to put a value on their start-ups in order to raise money, and investors need to put a value on their investments to ensure an adequate return on investment. No negotiating item between entrepreneur and investor creates a wider gulf than this one. The two parties may agree on every other point but will have diametrically opposing views on what the start-up is worth and how much equity the investor should receive in exchange for his capital.
Valuation is challenging for a start-up. Since young businesses take time to become profitable, the trick of valuing start-ups is to focus on the future. If you want your start-up to be a masterpiece, you’ll need to use the right side of your brain as much as your left to determine value.
Is business valuation art or science? Is it possible to place a credible valuation on a Start-up? What is Pre-money valuation? What is Post-money valuation? How much your company worth? Are you really worth anything until you’re profitable? How to value your start-up for a VC? What are the Start-up valuation methods?
FInancial Modeling and Valuations for Startups: Telling your Story with NumbersForesight Valuation Group
Telling your story with numbers, building a solid financial model and determining pre-money valuations for fundraising, are some of the most challenging activities for entrepreneurs.
Creating a set of realistic financial projections is critical to effectively communicating valuation expectations to investors and potential partners, while at the same time serving as an important tool to help articulate how you will prioritize spending and maximize the return on investment for an investor.
Based on her experiences as a valuation expert, CFO, start-up advisor and Stanford Lecturer, Efrat Kasznik will provide practical, hands-on tools on how you can :
• Build a robust business and financial model, based upon realistic expectations and sound assumptions
• Analyze different revenue models and cost structures associated with the formation of an emerging venture
• Implement best practices for structuring short and long term financial projections for your business plan and investor fundraising
• Understand the factors and models that determine startup valuations throughout the funding cycle, from seed funding to an exit event
• Successfully communicate your financial vision and understanding to investors
Investor readiness: 99 questions from investors by Startups.beStartUps.be
Sharpen up your pitching skills: how to talk about your product, metrics, business model, team and more! Want to get investor ready? Visit www.startups.be/fundraising
Investor readiness: Startup valuation by Startups.beStartUps.be
Check out the most reliable methodologies and become aware of the risk factors. More information on getting investor-ready: www.startups.be/fundraising
Aon understands the challenges faced by fleet operators in managing the cost of motor related incidents and ensuring that Duty of Care responsibilities are met. These responsibilities place a significant burden on organisations to understand and manage the risks associated with employees who drive at work. The potential for significant liability and incident-related costs requires organisations like yours to develop robust and effective motor fleet management systems and operational processes.
Aon Fleet Complete offers a full package of services essential to the successful management and control of commercial, business and grey fleets. Fleet Complete is a comprehensive and structured programme including:
- Total Cost of Risk Analysis and Claims Benchmarking
- Assessment of Occupational Road Risk focussed on drivers, vehicles and journeys
- Examination and development of policies, processes and fleet operations
- Risk Management solutions to reduce incident rates and associated costs
Fleet Complete provides risk management solutions that help our clients to:
- Understand and reduce both known and hidden incident-related costs and the causes of poor loss performance
- Optimise the motor insurance programme and provide the opportunity for informed choices regarding risk appetite and risk retention thresholds
- Develop robust and fit-for-purpose policies, processes and management systems
- Lower operational costs and make efficient use of assets
- Document the required evidence of meeting Duty of Care obligations for audit and other stakeholder purposes
- Protect their brand and reputation from the consequences of motor incidents
This document delineates Lloyd Alman's Engineering Consultancy Group capabilities in performing consultancy services to companies active in oil and gas sector as well as introducing features of their Risk Based Inspection software AIMs.
Board Governance and Emerging Risks in the C21FERMA
On 10 July 2015 FERMA, ecoDa and AIG organised jointly a event in Brussels that brought together directors, risk managers and insurers from across Europe to share perspectives on the quality of the Risk conversation at Board level and to generate ideas for improving it.
Risk and Procurement ManagementDr Paul BaguleyClass Slides.docxlillie234567
Risk and Procurement Management
Dr Paul Baguley
Class Slides
Contents
Definition of Risk
Context of Projects
Risk Management Process
Risk Id
Risk Assessment
Risk Evaluation
Cost Risk
Monte-Carlo Simulation
Management Reserve and Contingency
Risk Management by Procurement
Examples of Contracts to Manage Risk
Learning Objectives
Define Project Risk and identify stages of project risk management
Understand Risk Response Strategy Selection process using risk matrix
Identify characteristics of procurement routes and map risk allocation amongst project stakeholders
Appreciate a more risk informed procurement route selection
What makes project management a risky business
Organisations take risks to compete through projects making projects risky
Indeed risk appetite is the term used to describe the amount of risk an organisation is willing to take
And risk tolerance is the amount of risk an organisation can absorb
Risk is an important subject in APM BoK7 and PMBoK Guide (Chapter 11)
Institute of risk management; the Orange Book from the UK Gov
Communication between stakeholders in the project, suppliers and customer
VUCA (Volatility Uncertainty Complexity Ambiguity) environment
Risks in Projects
https://www.pmi.org/learning/library/top-50-projects-sydney-opera-house-11757
Lack of process and
Large budget over run
Safety regulations
O Ring
Safety disaster
Case: impact of culture on risk
The Nimrod Accident
Case: the conspiracy of optimism
Optimism bias is a known phenomenon which has been described as a psychological factor in estimators. In the defence industry it is recognised there is political pressure for projects to deliver more and cost less.
Activity: What projects do you know failed?
What projects do you know from your own experience which failed in some way and how did they fail? For example “Potters Bar safety disaster”
Definition of Risk and Uncertainty
Before ISO 31000 a working definition of risk was an event that may or may not happen
Uncertainty is variation in something that has happened
For example a machine breakdown may or may not happen
Schedule delay is variation in the delay schedule in terms of time
Risk is defined as an uncertain event or set of circumstances, that should it occur, will have an effect on achievement of one or more objectives, by APM Body of Knowledge 2012
ISO 31000 (2018) definition of risk
ISO 31000 defines risk as the effect of uncertainty on project objectives
Note 1 to entry: an effect is a deviation from the expected. It can be positive, negative or both, and can address, create or result in opportunities and threats
Note 2 to entry: Objectives can have different aspects and categories, and can be applied at different levels
Note 3 to entry: Risk is usually expressed in terms of risk sources, potential events, their consequences and their likelihood
Project objectives are influenced by the iron triangle and trade-off space between cost, quality and time
This means that cost ris.
As the size, sophistication and complexity of yachts have increased, our services have expanded to provide tailored solutions to this specialist industry.
Our extensive experience means we can help you realise your vision for a safe and luxurious yacht.
www.lr.org/yachts
Reducing an organisation’s property total cost of risk
(TCOR) is fundamental to its operational resiliency and
financial bottom line. Aon Property Laser is a unique
property and business interruption risk management
methodology that incorporates leading-edge diagnostic
and analytical tools to quantify risk exposure. By
identifying and analysing key property performance
indicators, Aon Property Laser helps organisations
to improve their risk profile, while also making the
insurance policy work more effectively should a loss
occur. Our property experts benchmark pre-loss and
post-loss risk management practices, activities and
results, to help assess and optimise an organisation’s
property risk profile.
Similar a Zurich Risk Engineering Value Proposition 2011 (20)
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Zurich Risk Engineering Value Proposition 2011
1. Luis Vitiritti RE Marine Consultant LATAM RE Customer Manager LATAM Understanding risk across your business Zurich Risk Engineering
2. Increasing complexity of risks Managing risks systematically and holistically Achieving corporate objectives within budget Minimizing risk - mitigation of risk exposure Transparent risk landscape/profile Risk prioritization and data management Individually defined risk mitigation strategy Risk insights and knowledge management Zurich can help you master the challenges your business faces Reducing total cost of risk and protect your business Consistent, quality service / effectiveness & efficiency
4. Property risk management Business Resilience Management Strategic risk management Liability risk management Motor Fleet risk management Zurich’s solutions can help you mitigate risks to your business Marine risk management Employee Health & Safety risk management Global Program Services Risk Grading and Benchmarking Web access / Online reporting Thought leadership Online tools / Software
7. General marine risk assessments Loss Prevention Concept Logistic assessments Marine Academy & Training Post-loss assessments Marine Expertise Marine risk insight Marine risk management Cargo, liabilities, hull, fine arts & specialties Systematic marine risk analysis
8. Minimizing loss exposures – Project Cargo Risk Management We had to move this 700-tonne component more than 600 Kilometres. Scores of risks, but Zurich made us feel confident we were well protected.” Herbert Peters, Sasol Huntsman, Moers Germany We provided Sasol-Huntsman, one of the largest producers of maleic- anhydridein Europe, with an integrated insurance and risk engineering solution to address the risks associated with moving a 700-tonne factory component across Germany. By ensuring the necessary precautions were taken and providing coverage for the entire journey, everyone was breathing easy. Loading and unloading Contingency planning and mitigation Route selection Supervision of inland transport Stowage plans
9. Management audits Claims investigation Online risk assessments Risk Reduction Recommendations Online interventions Communication strategies Benchmarking Risk insights Motor fleet risk management Your route to safer driving
10. Risk insights through Risk Grading and Benchmarking With the Zurich Risk Grading Tool, we could benchmark our numerous facilities among themselves and between similar industries. This helped us to provide relevant information to the management, assisting them to prioritize investment in order to improve the protection level of those locations, being below the benchmark. Since we have introduced a consistent Global Risk Engineering program, our yearly property fire losses have significantly decreased. Olivier Flury, Group Risk Services, Nestlé, 2008 Consistent approach Benchmarking across locations Industry group analysis Data and price transparency Priority setting Manage loss profile overtime
11. Interactive tools to monitor/manage your risk and get most relevant risk information Zurich Direct Risk Assessment Virtual Risk Manager - Fire Virtual Risk Manager - Fleet Zurich Hazard Analysis Works Virtual University Risk Features
Welcome Introduction of participants Introduction referring to purpose, aim/objectives etc
We provide the largest technical risk management services in Europe, second largest in US. We have a global network of over a 1,000 risk specialists operating in over 35 countries who are trained to the same standards and work in an integrated manner as one global team; and therefore ensure consistent level of service regardless of where they are in the world. Our Risk Engineers undertake 56,000 site assessments every year, which means they are vastly experienced and have a depth of knowledge to draw upon. Our Risk Engineers undertake 138,000 risk assessments annually. This means we are always looking for ways to improve what we do; our Risk Engineers work to global technical standards to review the systems and methods we use. Having this much scope and expertise means they are practiced experts. Zurich Risk Engineering manages currently over 650 international Risk Engineering programs globally in all region . We have established policies and procedures in our Business Management System which are regularly audited and approved according to ISO 9001 standards, which means that you can be sure of a globally consistent level of service, particularly for global risk engineering programs.
[You can click onto each on of these five areas to take you to a sub-slide] Mismanaged exposure can cost you money and shareholder value, and prevent you from taking advantage of the opportunities that drive innovation and growth. A solid business resilience framework helps you to identify your key exposures and risks relevant to your business objectives that can threaten your viability. Business resilience management provides the structure for dealing with risks systematically, holistically and successfully. By minimizing the negative effects of risk on your capital and earnings, business resilience is crucial for an organization to be better positioned against competitors. Zurich’s business resilience proposition takes an enterprise risk management approach and is made up of five integrated areas including: Total Risk Profiling™ Business Interruption Modeling Supply Chain Assessment Business Continuity Management Business Impact Analysis
Zurich uses a consistent risk grading methodology: This brings consistency, so that locations in a global program are reviewed and assessed based on the same criteria, no matter where they are in the world. This allows accurate benchmarking for comparison reasons We are then able to accurately select and price the risk we insure The customer is given full transparency around pricing and is given a good idea about where risk improvement activity needs to be given priority.
Our final key message is that Risk Engineering is a thought leader. We do this by monitoring the changing risk landscape to provide risk insights such as, articles, case studies, legislation updates and benchmarking. Risk Engineering recently published studies on: ‘risks associated with imported products’, ‘Avian Flu’ and ‘risks in the semi-conductor industry’ or ‘supply chain management’ . Also, Risk Engineering works collaboratively with Underwriting and Claims to understand loss trends, which bring new insights. We also hold periodic risk forums and conferences where we pull together groups of customers with our risk engineering experts, to share experiences (learn from success stories/ losses), network and develop leading edge best practice. The Risk Engineering Global Workshop in 2008 attracted over 130 global customers from 78 corporations. Risk Engineering’s online tool Knowledge Navigator is a powerful search engine providing the latest technical and risk management related information. We create several webcasts/webinars for our customers, e.g. to help businesses improve resiliency and prepare for risks associated with Swine Flu A(H1N1) or Hurricanes. Risk Engineering ensures that our staff and customers are trained in the latest risk management tools and techniques. We provide a variety of tailored training to customers helping them to understand, evaluate and mitigate risks themselves. Our own Zurich Risk Engineering Course is also available to customers. We offer or regional and local classroom or online training. Risk Engineering has trained corporate HSE directors from over 40 global companies. Our online tools (e-tools) are designed to provide you with interactive hands-on solutions to monitor risk management programs, get relevant risk information, undertake management programs, learn online, and many more: Zurich Direct Risk Assessment, Risk Features, Virtual University, Virtual Risk Manager Fire/Fleet.