EMPOWERisk provides support (always in an integrated and holistic manner to ensure optimal results) in the following areas:

• Treasury risk management • Physical risk management • Operational risk management • Occupational health and safety compliance management • Occupational Health and Safety Act’s Construction Regulations • Risk financing (insurance) portfolio optimisation • Insurance policy assessment • Operational support of risk related activities • Incident investigation • Insurance broker management and portfolio optimisation • ISO rating, environmental and legal compliance facilitations • Accredited health and safety training facilitations • Security risk assessments • Threat analysis • Risk mitigation proposals

We use the enterprise-wide risk management framework for the development, implementation and maintenance of an integrated, holistic and enterprise-wide risk management, which would among others, take into consideration and/or implement the following:

• Asset and liability management principles • Financial risk management policies • Physical risk management policies • Legal and regulatory environment • Risk management processes • Financial market environment • Socio political environment • Market practices • Best practices

Business risk
Business risk is the risk that changes in the variables of a business plan could negatively affect the plan’s viability, including quantifiable risks such as business cycle or demand estimation risk. The purpose of managing business risk is to extract, from an acceptable risk profile, optimal and sustainable rewards.

Financial risk
Financial risk is the risk of a loss or value reduction due to financial market and/or counterparty exposures and/or volatility that could negatively affect an entities financial results or sustainability. The purpose of managing financial risk is therefore to mitigate potential risks/exposures/losses due to financial markets and counterparty risks.

Operational risk
Operational risk is the risk of loss or exposure due to physical, technical and/or human error in the operations of an organisation. The purpose of managing operational risk is therefore to minimise the cost of controlling operational exposures whilst optimally preserving life, protecting the balance sheet, physical assets and supporting business continuity.

Physical risk
We offer physical risk management services that include the continuous process by which all current, unacknowledged, reputational and emerging risks are purposefully and pro-actively identified, evaluated and managed in an integrated, holistic, business-applicable and cost effective manner.

Risk financing
The purpose of risk financing (insurance) is to provide or pre-arrange the most business applicable and cost effective financial resources to recover from “pure” and/or physical loss and damage, which occurs because it could not be eliminated or optimally minimised.