Page 170 - Risk Report 2024

Riskonet adds sustained value to clients,insurers and brokers

by enhancing risk management with market collaboration

Improving levels of risk management insights
Insured vs uninsured risks
Excellent clarified, governance of
risk confirmed
Risk mitigation Capex
deployed under agreed
timing
Risk and peril scenarios
Moderate analysed and quantified
Risk mitigation plan
completed and
technical design
committed
Partially addressed risk
Poor improvements, above
average rate increases
Potential to influence premium and terms
Optimised Total Cost of
Excellent Risk, minimal attritional
losses
Risk Appetite & Retention
aligned, ART in place
Viabiility of risk retention
Moderate confirmed, recognition for
better cover structure
New potential markets,
terms moderately better
Few acceptable market
Limited choices available