The bigger a company, the more risks it faces in pursuit of its objectives. But budgeting for these risks can be prohibitive unless the business can properly assess and understand its risks, predict what they are likely to cost in the future, and set aside significant capital to address them. What happens when a company can’t find insurance to cover a specific need or if your excess is so high that you would need to take out a loan just to cover it. Do you then expose yourself to risk or do you take on that risk yourself and how?
Helping us understand this part of risk in business is Daphne Peter, head of Hollard alternative Risk Transfer or they say HART
Understanding what Risk Finance is with Daphne Peters, Hollard and Ingrid von Stein – www.ebizradio.com
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