Australia

Insurance Risk Management 

Good risk management enhances decision making and typically involves improving risk transparency, the control environment, culture and accountability, governance, compliance and reporting. Establishing an efficient and effective risk management framework is fundamental if insurers are to minimise (extreme) losses, reduce volatility of earnings and maximise profits.

Rob Curtis

Rob Curtis

ASPAC Insurance Risk & Regulatory Lead

+61 3 9838 4692

We assist our clients by formulating a risk management approach that creates value, turning their risk into an advantage. Specifically, we work with our clients to:

  • capture opportunity
  • enhance the management of risk
  • strengthen operations
  • improve business performance
  • reduce costs
  • position them for growth.

 

How we can help

Our team has extensive risk management and regulatory experience bringing deep practical risk insights to our clients across three different but inter-connected areas:

 

Enterprise Risk Management

The design and analysis of enterprise-wide risk operating models including:

  • risk appetite – setting and monitoring
  • risk identification and assessment
  • risk mitigation
  • monitoring and reporting.

 

Governance

Ensuring clear ownership regarding decision-making including:

  • structures, oversight and committees
  • roles and responsibilities
  • being 'fit and proper' for specific roles.

 

Strategic Capital Management

Having the right amount of capital to protect for unforeseen losses including:

  • capital adequacy and efficiency
  • monitoring
  • stress-testing and strategy.

 

Our clients appreciate the balance of challenge, shaping and insight that we bring to support them, particularly our unrivalled understanding of the latest APRA requirements to ensure a value-enhancing experience.

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