JLT Risk Management Consultancy
Inherent in any organisation is risk. Risk to assets, risk to business income, risk to business continuity. Whatever business you are in there is always a multitude of risks that can attach.
At JLT, we are able to offer a range of risk management services specifically tailored to meet your requirement.
As part of a global organisation we have the expertise locally and internationally to advise on cost effective risk solutions.
With JLT managing the process, it does not burden staff with additional workloads or incur additional software expense for the organisation.
Enterprise Wide Risk Management
Have you considered what risks your organisation face? Have you considered the financial impact they could have across your organisation?
Breaking down ‘silo’ thinking is crucial in achieving the most effective risk management results and solutions. By facilitating high-level risk assessment process, we are able to assess risk exposures to provide Management with qualitative and quantitative information on which to base cost effective solutions to reduce severity and/or probability of the events occurring.
Having analysed high-level risks, the next step is to drill down into departmental risks to assess the risks at the point of issue.
RiskTrack, our custom designed software application assists in collating data and formulating a number of report outputs from Executive Summaries to detailed reports for use at all levels of an organisation.
Using the locally developed AS/NZ 4360:1999 Risk Management and SNZ HB 4360:2000 Risk Management for Local Government JLT is able to provide a structured and proven approach to the identification, analysis and provision of treatment options in the managing risk.
On Site Risk Assessments
A vital aspect of managing risk is physically seeing the operations of a business.
Physical site inspections of business activities assists in verification of risks from the high level risk assessment on the most cost effective treatment options that will be ‘best fit’ for practical purposes.
At JLT, we are able to conduct site surveys, liaise with on-site personnel and recommend long-term best-fit solutions.
Insurance Claims and Incident/Accident Analyses
A significant cost when managing a business are the incidents, whether or not they lead to an insurance claim. It is an inevitable fact that losses will occur, but it is possible to manage the severity and the frequency.
Insurance is traditionally for the high severity/low frequency type of claims and not for the low severity/high frequency claims.
Statistics show that the hidden costs behind each insurance claim can be between five and 50 times the amount of the claim.
JLT are able to analyse your claims and a design a programme to reduce the frequency and severity of claims and improve bottom line.
Business Continuity Plans (BCP)
Strategic planning is a fundamental business function for the sustainability of the organisation. Is it not good business practice to have a strategic plan in the event of a serious interruption to normal business activities?
A large number of events may require the intervention of a business continuity plan and unless it is a formal document properly prepared, the interruption to normal business can be immense and expensive.
JLT specialise in the formulation of specifically designed business continuity plans for each client. No two organisations are the same, and, no two BCP‘s are the same. At JLT, we will structure your BCP to your particular needs.
Should you require further information Contact Us.