To protect and create value through risk management, you need to minimize risk and optimize how you manage your health and safety, people, property, asset and other exposures. Effective strategic and operational risk management is only possible through a broad view of all your risks and the uncertainties and opportunities that could impact sustainable success.
To manage new and emerging risks through compelling and auditable risk management approaches, WTW Risk Management Consulting brings together:
- Comprehensive risk management and risk governance expertise
- Access to sophisticated risk analytics
- A strategic approach to identifying and accessing risks
- Powerful tools that support smarter risk identification and mitigation.
Risk Management Consulting helps you connect risk decisions to corporate financial strategy. We create these connections through actionable outputs that enable more aligned collaboration between risk management, finance, and the c-suite.
Modernize how your business both understands and manages its approach to changing risks with our consulting expertise and data analytics.
Your organization may be facing risk management challenges from multiple areas of operation and strategy.
Supply chain disruption requires better preparedness, resilience and clearer insight into your emerging and interconnected risks. Geopolitical tensions are also heightening supply chain risks, demanding wide-angle perspectives to identify, quantify and mitigate vulnerabilities across global supply chains.
Understanding your ESG priorities, including protecting employee health, safety and psychosocial wellbeing, is now vital to long-term profitability, as well as meeting your customers’ and investors’ demands. Issues such as hybrid working, increasing costs and labor shortages and shifts in employee attitudes, are also opening up new areas of people risk around wellbeing, safety and adequate training. These risk areas could contribute to increasing regulatory action and personal injury claims.
Industrial disputes, some driven by the rising cost of living compared to wages, is creating societal disruption, as is climate-related civil unrest as our warming world faces increasingly frequent and severe extreme weather events.
Rising inflation is also creating potential shortfalls in property damage and business interruption coverage, while increasing automation and digitization means ever-evolving cyber threats to your operations into 2023 and beyond.
