Risk management is the human activity which integrates recognition of risk, risk assessment, insurance audits, developing strategies to manage it, and mitigation of risk using managerial resources.
Our strategies include transferring the risk to another party (Insurers), avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.
The main objective of our risk management unit is to reduce our Customers different risks relating to their business or properties to an acceptable level. These include numerous types of threats caused by environment, technology, humans, organizations and nature.
We ensure that a prioritization process is followed whereby the risks with the greatest loss and the greatest probability are giving maximum attention against risks with lower probability of occurrence and lower loss. This help to save resources and give a great focus towards the right direction.