BSI provides consultancy in risk management for insurance and reinsurance organizations. Assessing risk is in the DNA of an insurance organization and BSI can help to extend this beyond the core business to the day-to-day operations. Our approach to risk management adheres to a number key principles, risk management should:
- Create value
- Be an integral part of organizational processes
- Be part of decision making
- Explicitly address uncertainty
- Be systematic and structured
- Be based on the best available information
- Be tailored
- Take into account human factors
- Be transparent and inclusive
- Be dynamic, iterative and responsive to change
- Be capable of continual improvement and enhancement
