Echelon Risk Management
What is Risk Management?
Risk management is the identification, assessment, and prioritization of risks (defined in ISO AS/NZS 31000 as “the effect of uncertainty on objectives”, whether positive or negative) followed by coordinated and economical application of resources to minimise, monitor, and control the probability or impact of unfortunate events. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as a deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
The strategies to manage risk typically include transferring the risk to another party, avoiding the risk, reducing the negative effect or probability of the risk, or even accepting some or all of the potential or actual consequences of a particular risk.
Benefits of Risk Management
Since risk taking is the source of profit and/or reward for any business or organisation, the coordinated management of all risk exposures plays an important part in the ongoing wellbeing of your organisation and your staff, as well as society as a whole.
Why choose Echelon?
Jardine Lloyd Thompson Australia (JLTA) delivers its specialist risk management services through its subsidiary Echelon Australia (Echelon). Echelon takes the time to consult with you to fully understand your business’ unique risks from a holistic perspective. Our capabilities range from the evaluation of a client’s insurable risks through an Insurable Risk Profiling service to our engagement of a whole of business/enterprise risk management plan and framework. We are experts in assisting your business beyond the evaluation of risk management plans across a broad spectrum of risk disciplines.
Echelon engages high calibre risk specialists who are leaders in their specific fields. Their expert opinions give you a depth of insight and impartiality respected by the insurance market which is not always available from broker retained consultants – in turn providing you with a major competitive advantage.
For further information please contact us.