UNIRISK
UNIRISK is RISK MANAGEMENT

Risk management

Nowadays, it is crucial to understand that the sources of risk for a business are not limited to what an insurance solution can or could find. Quite the opposite. In fact, such solutions are often not sufficient to guarantee survival in the case of a disaster.

The identification of damaging events and the related action planning prior to their occurrence enable you to make the right decision during an emergency, ensuring that the right resources are employed without the need to seek them once the crisis has already arisen.

The most important insurance is an awareness of the risks you are running, which, combined with a programmed recovery plan, is the best weapon against disasters that might jeopardize your business.

To this end, since 1997 Unirisk has been closely working with Belfor Italia, a firm that is a world leader in post-accident intervention. Taking action with expertise, professionalism, and high quality standards, the damage caused by fires, floods, pollution, and other accidents, such as sudden malfunction and mechanical failure, is promptly confronted.

Only by carefully analyzing risks through an accurate definition of the nature of your business is it possible to treat them in the most adequate way, by adopting solutions aimed at removing or reducing losses, or else transferring them to other entities – including insurance companies.

This method, known as risk management, is divided into two stages – analysis and treatment, which in turn are characterized by two phases – identification and assessment, then followed by control and financing. Risk management should be taken as a model for the correct approach to risk, a model which Unirisk firmly believes in and promotes among its clients.

This method becomes even more fundamental and relevant when companies reside abroad and thus must fall into a global project of risk management that takes into account necessary financing under the coordination of aware decision-makers.

An international plan aimed at protecting your business cannot disregard these considerations, which must find their proper place and resources in the company itself.

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Analysis (stage 1)

The initial approach consists of an analysis dedicated to understanding the company's status. This is accomplished through the collection of information useful to accurately and correctly target the strategic choices to be adopted for the development of the plan under examination.

  • Identification

    At this time, the data related to the resources requiring protection, the events that might damage such resources, and the aggravating circumstances that might increase the extent or frequency of the damage are first identified and absorbed, then classified. This is the moment when Unirisk integrates with the company and almost becomes part of it, so as to harness the opportunities offered to us by the company itself to inspect risk locations, as well as find and collect all the information for subsequent classification.

  • Assessment

    The data collected are processed to calculate probability, frequency, and the extent of the possible damage. Observation over time plays an important role in this phase: all incidents will be deemed relevant, not only those covered by insurance, since they will all be decisive in formulating a correct assessment that focuses on severity rather than frequency.

Treatment (Stage 2)

This is the operative stage of risk management which makes treatment possible for the purpose of risk control and financing.
Prevention and awareness-raising at all levels make it possible to control and manage the negative effects of any damaging event identified during stage 1.

  • Control

    An attempt is made to adopt all possible measures aimed at eliminating the risk or transferring it outside the company, or at least to implement countermeasures that can reduce its economic repercussions. Prevention and protection will have a direct impact on frequency and probability, respectively. Extensive damage might compromise the life of a company notwithstanding indemnification.

  • Financing

    Through financing: at this point we should have implemented all possible physical measures to control the risks identified through our work. Therefore, after assessing self insurance – intended as the complex of methods whereby a company assumes the risk directly by setting aside financial resources for its total or partial coverage – we should also be able to insure, with greater awareness, the residual risks: essentially, it is possible to commercially insure anything that cannot be removed, transferred, reduced or assumed directly.