Zurich Risk Services is launching Risk Review, a management review tool, which is designed to help brokers who do not have the capability or resource in place to offer risk identification as part of their proposition to their customers.
The product's flexibility means that brokers can help their customers identify the risks pertinent to their business. The review is carried out on-site by a Zurich risk analyst, who interviews people closest to the issues and carries out a site survey. Following the review the company receives a report for each module covering and assessing present risk management controls and procedures. The review also provides a graph depicting the key areas of risk faced by the business, and how well they are managed and lastly advice on how these risks can be more effectively managed in the future.
Ian Darrah, MD Chapman & Sons, a medium-sized textiles company believed that all the risks to his business had been identified. However the Risk Review carried out on his premises highlighted shortfalls in the safe management of the site; " It highlighted areas we were not necessarily aware of. Safety checks are normally carried out on the works, but the Risk Review illustrated that the business was falling down on some safety and risk management aspects."
Ian McNeil, National Risk Manager at Zurich Risk Services concluded; "The Risk Review is really a starting point for SMEs to manage risk and make sure that they are achieving statutory compliance to legislation such as the Health and Safety at Work Act. It was developed as a result of our customers' increasing awareness of risk and their need to do 'something'."
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Zurich Risk Services (www.zurich.co.uk/RiskServices) part of the Zurich Financial Services Group, is a leading provider of risk management solutions. It enables its customers to operate a safer, more effective workplace, and ultimately reduce the total cost of risk.
Its technical and operational risk management products and services sit in family groups; they include safety inspections, health & safety, property, motor fleet, business continuity, liability, and training. Zurich Risk Services combines expertise with experience with 80 years in the safety inspection industry and 25 years of risk management.
Zurich Risk Services main office is in Birmingham and there are five customer risk centres located nationally; Birmingham, Glasgow, London, Sutton, and Leeds. It employs over 870 people, of which there are 615 field workers; comprising of safety inspection and risk management specialists.
Zurich Financial Services Group is an insurance-based financial services provider that focuses its activities on its key markets of North America, the United Kingdom and Continental Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. It has offices in approximately 60 countries and employs well over 70,000 people
