Integrated Risk Management
Porter & Curtis (P&C) is committed to creating strategies that deliver integrated risk management solutions to large non-financial organizations.
Our aim is to shift responsibility for risk management from one person or department to the responsibility of the entire organization.
Our approach is largely based on the steps outlined by Paul Hopkin in his book Holistic Risk Management in Practice, Witherbys Insurance, 2009.
The main steps are as follows:
- Identify core dependencies (resources) of each distinct business operation
- Identify key risks to each core dependency
- Measure and treat key risks
- Embed controls in work practices and create accountabilities
- Measure compliance
The approach of holistic risk management recognizes that risk is best managed where it is created.