Enterprise Risk Management (ERM)

Proactive risk management in concert with your business strategies

What is Enterprise Risk Management (ERM)?

ERM is about managing risks proactively and including risk considerations in all decisions. The trick is to focus on risks BEFORE they materialize in the books.

Proactive, Tailored Effort

ERM launches a proactive rather than a reactive approach. Which is based on own business strategies and risk appeal, since no two companies are the same or are in the same environment. For example, in one organization, it may be to look at risks within the environment, compliance, and image. At a manufacturing company, it may be able to handle areas such as production stoppages, supplier failures, and working environment. An airline again has quite different parameters to focus on. Start from the business-specific main areas from which the company is run – it is these that need to be sharpened.

Dynamic and Continuous Preparation

Consider both more common risk scenarios and the more "unthinkable" and make business continuity and contingency plans based on this. Get it under your skin as part of the mindset and not as an enforced, annual session with a simple review of a list of risks. Instead, risks should be considered and dynamically reconsidered and evaluations should take place on an ongoing basis. With the involvement of the parties who have deep knowledge of different parts of the organization and the outside world. At the same time, be aware that you cannot prepare for everything, but instead know that your ongoing considerations help to teach the actors involved and the organization to be able to handle a wider range of crises and events more effectively, and you get to sharpen your focus on which risks are necessary to take to achieve a given strategy.

How to introduce ERM throughout the organization

ERM is not a discipline to be hidden away in a single department. Instead, an ERM team should be built to act as internal consultants for the development and advice of the remaining organization. Of course, with the full support of top management. Based on the idea that risk management is business-supporting and not a stopgap.

Execution

360 Degrees Risk Management

Choose a solution that can handle your company-specific conditions. An optimal solution must be able to support your particular focus points. Make it your own tool. Use it continuously and it will be a significant eye-opener and decision support in terms of choosing forward-looking strategies and goals.

Use RMG C3 to support your risk management throughout your entire organization. From the design and execution of daily operations and contingency plans, to incident management, with the design of reporting, forming an improved insight into the best way forward in prevention and mitigation of risks.

With RMG C3 you can combine the modules that suit your needs.

Daily Operations

Get simple registration of elements of day-to-day operations as well as security management and documentation. Keep the relevant administration features up to date in specific areas of operations. Event monitoring contributes to optimization and quality assurance of operations.

Get help planning and performing maintenance tasks. Register inspection of machinery and technical aids or general order and tidiness. Can be done by third parties or by individual employees.

 

Contingency plans

Give key personel quick and effective access to vital information needed to resolve a given situation. At the same time, relevant functions must be able to perform the required actions so that the organization returns to normal operation as soon as possible.

SERVICE MANAGEMENT Event Registration

Handling Incidents and Events

Crisis Management

A crisis - or serious incident/situation - is a manifestation of risk with potentially grave consequences. To navigate the best possible way through crises, you as an organization should already be prepared before the crisis if you want to be able to operate as quickly as possible - and survive the crisis in the best possible way. Therefore, we recommend the establishment of an outright crisis unit with actors from different parts of the organization.

The crisis unit should be able to make the best possible decisions, communicate and control necessary actions - and thus carry out qualified crisis management. In the toolbox, staff should have software that facilitates the tasks at hand, reducing uncertainties through intelligent communication and distribution of information.

MANAGEMENT DASHBOARD

Handling Insurance Claims

You get efficient case management that easily and intuitively ensures the different workflows and processes that are necessary for your organization.

Register damages locally or centrally. Information should only be entered once on each case, and handling can be handled by different departments – with different needs for information and actions, concerning the individual injury or incident.

 

INSURANCE