Business Risk Consulting Group
When a single interruption can have rippling effects throughout the organisation, it can also wash away customer satisfaction, damage a company’s reputation and drive down its profitability. FM Global's Business Risk Consulting Group (BRCG) helps our clients tackle these issues. The BRCG works with the client to develop a deeper understanding of their business vulnerabilities and exposures so they can protect their key revenue streams, minimise business interruption, and preserve their reputation.
The cornerstone service of the BRCG is the business impact analysis (BIA), a study that helps our clients to understand and assess processes that drive their businesses and require careful management. A BIA also typically assesses critical suppliers and the exposure they represent.
In addition, the BRCG offers consultation ranging from values analysis, which helps to improve the consistency and accuracy of business income values collection, to specific exposure analysis and business continuity management support.
Benefits of a BIA
Better Understanding
- Identifies and quantifies financial exposures
- Opens risk management communication channels
- Determines requirements for business survival
Clearer Focus
- Provides vital information to make more precise decisions regarding risk retention and risk transfer
- Identifies risk improvement, business resilience and business continuity strategies
- Prioritises risk management resources, capital expenditure and actions for business survival
Greater Resilience
- Raises the profile of risk management across the business
- Enhances confidence
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Drives business continuity management