’In such a volatile risk landscape, having effective risk management arrangements is vital,’ says head
Specialist insurer Ecclesiastical has launched a new assessment tool to help firms strengthen their risk management services.
Called Ecclesiastical Risk Maturity Assessment, the tool has been designed to help organisations understand where improvements need to be made to their risk management approach.
This will help them put in place plans to achieve strategic objectives, manage risks, maximise new opportunities and improve resilience.
The tool is free for any organisation to use and has been developed by strategic risk experts with practical experience in the field.
Sarah Pearson, head of enterprise risk management at Ecclesiastical, said: “There has been a lot of upheaval and uncertainty in the world in recent years – from the pandemic, to economic instability and global conflict.
“In such a volatile risk landscape, having effective risk management arrangements is vital to help organisations to respond, adapt and evolve to meet priorities and deliver on plans.
“I am really pleased to be launching this new tool to support organisations in navigating this volatile new normal. We’ve developed it with risk management industry experts and we believe it’s market leading, unique and will really help our customers.”
How it works
The tool can be accessed through the Ecclesiastical website.
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Organisations must register and then follow the instructions to complete the step-by-step self-assessment the tool provides.
By completing a series of questions in the tool, organisations will be able to access a report highlighting the organisation’s risk maturity score ranging from developing, integrating and embedding to optimising.
The report will also provide a bespoke action plan to move the organisation closer to the next level of risk maturity.
“By working through the risk maturity self-assessment tool, an organisation will be able to identify their current risk maturity levels and identify areas for improvement – making them more resilient and able to face emerging risks as they work towards achieving their ambitions,” Pearson said.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
Now working within the insurance sector, James has a particular focus on motor, M&A activity and financial reporting.View full Profile
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