Globalization and the development of new technologies have generated a growth in the complexity of business risks. To respond to the new context, competences able to combine insurance advisory and brokerage services are necessary. OXERISK offers Consulting activities aiming at defining a pathway that leads the company to the use of the risk-based approach as an integrated risk management tool. It supports business strategies, and it is congruent with corporate policies as well as in compliance with binding and voluntary requirements.

 
 
The achievement of this goal is the conclusion of a path that wants to affect corporate culture through the adoption of concrete tools that present risk management as a common element: risk assessment and risk placement, upgrading to ISO 9001, compliance with the GDPR (new European privacy code) and adoption of security measures, integration of internal control systems.

 
 
According to a study carried out by Cineas in 2016 on the diffusion of risk management in medium-sized Italian companies, realities that have adopted an integrated risk management system usually get one-third more of their profits than whom underestimates it.
 
 
The OXER CONSULT Unit delivers risk management activities redefining business processes and implementing specific control actions. These services include:
 
RISK ASSESSMENT aimed at analysing processes and identifying insurance and compliance risks, in addition to identify the assets that affect the business;
 
GAP ANALYSIS and implementation of the control system to improve its adequacy in managing the identified risks;
 
Advising the Director-General on possible countermeasures to improve the control systems and investment decisions;
 
CONTROL SYSTEM MAPPING to capture the control systems in an integrated way, in order to mitigate different risks by using the most complex organizational model as reference;
 
PROJECT AND TRAINING team which guarantees engagement, acquisition of skills and awareness of the risk-based approach;
 
Achieving of the highest standards of compliance (ISO 9001 and GDPR standards).
 
 
These activities lead to expected benefits, such as: the adoption of risk mitigation instruments; participation and diffusion of the culture of risk management; efficiency of processes and controls; effectiveness of the control system as an integrated mitigation instrument for different risk families; reliability and security of company information and IT procedures; compliance with the law, as well as internal policies, regulations and procedures; protection of the value of assets and hedging against losses (in terms of decrease in loss and lower premiums).