Risk Analysis

Companies are exposed to many different risks and perils nowadays. Numerous tools and instruments are needed in order to come to terms with these risks. These range from risk management processes to risk awareness and risk analysis and to various risk control mechanisms.

Risk analysis

In risk analysis, the starting point is the original risk. In the first step the risk is identified and reduced to a first level. In the second step, the risk is reduced and then ultimately controlled. The original risk is thus reduced to a residual risk which may be avoided by means of countermeasures.

A risk analysis can heighten and promote awareness of the risk carried by the insurer. Ways and means of solving the problem as a whole can thus be identified.