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Risk Consulting Practice

Our risk consulting team can help your business evaluate your risks at both an operational and strategic level.

Our risk consulting team are experts in enterprise risk management (ERM), information security and cyber risk management, business continuity, crisis and reputational risk management and business interruption. We have representatives across the UK who will be able to work with you to understand your business's complex needs.

Enterprise risk management

Sometimes known as enterprise wide risk management or even holistic risk management, ERM is the development and the embedding of risk management systems and processes throughout an organisation. ERM helps ensure an organisation operates within its risk appetite, while achieving strategic objectives. The Willis Towers Watson ERM offering draws all risk management strands together so that your organisation’s approach is consistent, rigorous and compliant with codes of corporate governance and business best practice.

Interactive Risk Register and Reporting Tool

The Interactive Risk Register and Reporting Tool provides an efficient and effective way of understanding the risks that organisations face.

The new tool is scalable and fully customisable to fit your needs. The versatile methodology will help you identify, register, manage and report on your organisation’s risk, allowing you to make informed decisions about risk treatment strategies.

Business continuity management

Business continuity is one component of an organisation’s resilience framework, designed to supplement crisis management and IT disaster recovery. It is how an organisation rebuilds operating capability and capacity following a disruptive event that has diminished its ability to function. Broadly, business continuity is about making advance preparations so that an organisation can deploy the resources and materials needed to assist recovery at the right time, at the right level and in the right place.

Our team of experts offer the full range of advisory services that you would expect from one of the world’s largest risk management organisations, including response planning, crisis management planning and exercising and recovery plan development.

Business interruption exposure modelling

Business Interruption (BI) insurance has been developed to protect businesses from loss of profit or revenue, including any additional expenditure incurred in maintaining the business, following an insured loss or damage to property and goods. Our team of experts can provide your business with an accurate assessment of the potential for loss of revenue or profit and increased costs following a material damage to or loss of property.

Information security and cyber risk management

Managing threats to data and information security, along with broader cyber risk threats have never been more important. Our industry experts, drawn from across both the private and public sectors, possess an extensive understanding of the cyber and technology threats organisations face, and the drivers behind these.

By deploying a range of tools, techniques and methodologies, our cyber risk specialists provide a socio-technical, holistic and actionable strategies for effective risk identification, mitigation and transferral.

Our Cyber Exposure and Risk Assessment can help your business identify your cyber risk exposure allowing you to devise and implement a strategy for ongoing management of the identified risks.

Climate Change

Climate change affects everyone and many companies are already preparing to show how they are contributing to climate change reduction by complying with the Task Force on Climate-related Financial Disclosure (TCFD) requirement. This requirement may affect a number of companies in the future. It is also an opportunity to demonstrate to investors how they will be impacted by climate change and how to disclose this information.

Our TCFD Reporting Readiness Assessment will enable companies to understand their capability with regards to being able to issue their first TCFD report. The assessment will suggest a maturity level, produce a clear gap analysis and a step-by-step action plan towards readiness.

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