Enterprise Risk Management
In a world fraught with uncertainty and growing demands from regulators, shareholders, rating agencies, and other stakeholders, organizations face an environment where the margin of error has become increasingly tight. A disciplined and systematic approach is needed to manage risk in an integrated manner. It involves avoiding unanticipated losses, managing uncertainty and capitalizing on opportunity. The Solvency II is a regulatory framework founded on ERM principles being adopted by insurance companies.
How can we help?
At SHMA Consulting, we believe organizations need to embrace a broader perspective of risk and manage them proactively in a holistic fashion. Our wealth of experience working with insurance companies and Takaful operators in the region put us at a significant advantage over others through our deep understanding of the risks that these organizations face. Our solutions and services are provided by a diverse team comprising of actuaries, risk management experts, IT and system experts and HR professionals.
We assist companies with developing the following:
- Enterprise risk management framework
- Key risk identification
- Risk management policies and procedures
- Risk appetite, controls, mitigation, retention, transfer and management strategies
- Risk measurement and quantification
- Asset liability management
- Optimal investment strategy design
- Capital Modeling