A wider lens: Risk prevention and mitigation
06/25/2023
When it comes to managing risk, “the old saying that prevention is better than the cure” applies, as stated in this article from our CIPFA partner.
As the world becomes more volatile and risks become increasingly interrelated, we must adjust our focus from risk transfer to the wider lens of risk management and mitigation.
It is therefore important that the relationship with your insurer goes wider than financial compensation, working together to understand, prevent and mitigate risks and the impact they may bring.
The next chapter in our ‘A wider lens’ series zooms in on risk prevention and mitigation, taking a look at the fundamentals of prevention and why we must shift from a short-term mindset when it comes to risk.
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