Zurich, a leading property & casualty insurance provider to technology companies in North America, has launched Zurich Enterprise Risk Management (ERM) health check tool. This new, easy-to-use tool helps provide mid-size to large technology companies with a realistic check of their current ERM preparedness. ERM promotes a holistic, 360-degree approach to risk and opportunity management. It can help to uncover and manage a company's business challenges, including operations and procedures, management styles and business strategies, industry issues, emerging risks and more.
It also provides the user with some recommendations on how to improve his/her businesses' current ERM preparedness. This tool takes a broad look at ERM, the commitments involved in implementing it effectively, and the benefits that businesses can achieve as a result.
ERM can help businesses:
- Protect tangible and intangible assets
- Minimize total cost of risk and barriers to achieving business objectives
- Maintain creditworthiness
- Maximize strategic growth opportunities
- Provide management assurance to regulators and stakeholders
- Limit damage to their reputation.
