Risk Management

Risk is everywhere and in everything that we do. As they say, without risk, there’s no reward. So it is key for a successful business to understand how to manage risk. The successful management of risk, depends on how we measure each risk and how we act upon them. If we are to avoid all the risks that a business might get exposed to, we will not stand a chance to enjoy many of its pleasures and successes. Taking calculated steps, whilst knowing and doing what’s required to absorb the impact of possible risks, leads to greater rewards.

So yes, some risks can be tolerated because the frequency of them happening is lesser, and the severity of the impact is quite low. In other words, retaining a risk of this calibre, doesn’t cripple the company from operating.

Then there are other instances, where we take preventive and precautionary measures to reduce the impact or severity of a loss.  The installation of fire extinguishers and smoke detectors are a good example. The automobile airbag is another.

But then there are other risks, that for the most part, cannot be foreseen and can critically impact the organization’s capability to continue performing its core business activity, by severely denting its cash flow.

Insurance, is one of the risk management tools; and to be specific, Financial Risk Transfer! The success and effectiveness of this tool depends upon how it is structured in line with your Corporate Risk management philosophy and other non-insurance Risk Management tools.

At ANIB ESSEL, our professionals have made it their life’s mission, to help you understand, classify and safeguard your business from potential risks. And their assessment is based on an in-depth study of your risk, operational strategy and regular business activity.  Having worked with more than 750 corporate institutions in the bustling metropolis of entire India, Gulf, and having put in place successful insurance solutions that seamlessly integrate with other risk management measures to safeguard corporate interests, our team is geared and ready to help you find the most reliable solutions.

And we are just a phone call away.