Understand Your Total Cost of Risk

Too often companies only view the cost of their risk by the premiums they pay. But what if you could become more profitable, competitive and actually lower your costs by casting a wider net of what is considered “risk”?

IMA’s enterprise risk management team helps a company create better shareholder value by reviewing their Total Cost of Risk. The process involves helping clients address a broader scope of the risks that sap precious resources from achieving boardroom goals and strategies.
 

IMA’s Total Cost of Risk Categories

IMA scope of risk management goes far beyond traditional methods associated with the industry. A total review of all company risk factors can be summarized into four key buckets:

  • Risk Transfer
  • Retained Losses
  • Administrative
  • Miscellaneous

 

Interested learning how your company can reduce your overall risk profile? Contact an IMA specialist today