Key Risk Indicator

Reporting on risk, on culture and on performance happens throughout the entity and at several levels. Report users and their roles are identified (board, executives, operating management, risk owners, regulators) with the level of detail each needs;

The data management initiative is gauged and assessed against the objectives of the business, with program metrics such as key performance and key risk indicators captured to show success, demonstrate value and drive continuous improvement.

For critical or important functions the agreement has a clear exit clause allowing termination without harming continuity or quality for policyholders.

Management defines objectives for IT and operations and KPIs aligned with enterprise risk management to measure them, sets benchmarks and analyses deviations, automates collection where possible, uses indicators such as resource utilisation, network availabili...

Treatment options are those of ISO 31000:2018, 6.5.2; evaluation is a prerequisite for the plan, and once legal risks are evaluated the organization must demonstrate their appropriate management or face unwanted litigation and loss.

The organization gives personnel adequate, appropriate anti-bribery training which, having regard to the risk assessment, covers: the policies and procedures that apply; bribery risk and the harm it may cause to them and to the organization;