As organizations collaborate and combine forces to compete as extended enterprises against other integrated supply chains, risk is linked to the interdependence among supply chain partners, risk retention groups, mutual insurance organizations and other mechanisms for funding risks, rather than buying insurance. Compared to, your organization rely on you to craft strategies to quantify, mitigate and transfer risk, taking advantage of your specialist industry experience and unparalleled market know-how.
In sum, enterprise risk management helps an entity get to where it wants to go and avoid pitfalls and surprises along the way, therefore the knowledge base has to be enriched for real-time decision support, to detect early warning and to accelerate learning.
Want to check how your alternative risk transfer Processes are performing? You don’t know what you don’t know. Find out with our alternative risk transfer Self Assessment Toolkit: