Enterprise Risk Management (ERM) 

As companies worldwide address their stakeholders' new demands to enhance how they manage risks, they are giving Enterprise Risk Management (ERM) new consideration.
ERM services can help provide an organization-wide approach to the identification, assessment, communication, and management of risk. The ERM framework addresses five risk elements: risk governance, risk assessment, risk quantification and aggregation, risk monitoring and reporting, and risk and control optimization. KPMG can help facilitate and perform an enterprise risk assessment that identifies and assesses an organization's current risk inventory. We can also review and assess the current state of maturity of their risk management program, providing observations and recommendations for improvement.

KPMG helps by offering…
  • Well-established, globally accepted risk management framework, and global network of professionals
  • Understanding of the client’s business strategies and related risks
  • Actionable and practical approaches to embedding ERM within the organization
  • Multi-disciplinary team to define the risk profile

Potential Benefits
KPMG ERM Assessment and Implementation can help organizations:
  • Improve risk information needed to support strategic decision making throughout the organization
  • Understand risks and interrelationships to help drive performance, value, and brand
  • Get out in front on global regulatory change
  • Consistently identify and assess risks
  • Define risk governance structure with clear roles and responsibilities
  • Cleary align strategic objectives and organizational risks
  • Access information that supports risk-based performance measurement

Featured Success Story
The CEO and Board of a major multi-line insurer requested an enterprise-wide risk management assessment, with leading capabilities. The KPMG team performed an 'as is' assessment around processes, structure, governance, policies, and tools. It provided an ERM maturity assessment against peer companies and industry best practices, identified potential actions to close the performance gaps, and estimated the required amount of effort and investment, and debriefed the Board on the findings and recommended actions.

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         Deon Minnaar

Deon Minnaar
Service Network Leader

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Questions to Consider

  • Do you have a formal risk reporting mechanism?
  • Are the risks/threats factored into your strategic planning process?
  • Do you assess its risk appetite/tolerance?
  • Do you measure and monitor company risks?
  • Are there multiple risk silos within your organization?
  • How is risk management perceived at your company?
  • Have there been many ‘mis-steps’ in the recent past?
  • Are your earnings more volatile than those of your peers?
  • What type of quantitative analysis do you perform?
  • How are the outcomes acted upon?