Large, complex organisations, including Fortune 500 and FTSE 100 companies need to align risk management with global business strategy.
They need to be confident that their risk financing programmes will operate as intended and are supported by processes that are both efficient and effective.
Risk and insurance management challenges are usually significant but companies may have limited internal resources. Insurance programmes must be dependable and offer value for money.
It is equally important to ensure that insurance protections and related services remain closely matched to evolving business needs.
Management will be focused on entrepreneurial opportunity and building a viable business, yet risk management and insurance priorities should be clearly identified at the outset.
Business survival may depend on robust insurance support. In young companies the business profile is often in a state of flux, regular review of insurable exposures is advisable.