Risk Management Risk management’s objective is to assure uncertainty does not deviate the endeavor from the business goals. The identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities is what risk management is all about. The strategies to manage threats (uncertainties with negative consequences) typically include transferring the threat to another party, avoiding the threat, reducing the negative effect or probability of the threat, or even accepting some or all of the potential or actual consequences of a particular threat. Minimizing of risk is a necessary tool for ever enterprise as it seek to foresee all those factors and unexpected surprises that may put a company’s smooth running in perils. Events such as: • Financial Instability • Sudden Increase in the costs of money borrowed • Non completion of projects • Delays in production • Extraordinary capital outlay (compensations κτλ) • Malicious or other aggressive moves by competitors • Other negative or un expected events In to day’s economy, which is affected by the global economic climate, and given the fact that everything is interconnected, proper planning and crisis management protect a corporation and allow it handle the situation with sobriety and calmness utilizing preplanned solutions and strategies. HEDGING Hedging on the other hand is applied in the monetary markets, broadly speaking by buying a commodity whilst at the same time selling another to offset any loss . Provided they are both moving in the same direction, either up or down, the winnings of one offset the losses of the other. Insurance Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a financial (personal) loss. Depending on the needs of your company Money Managers International through our affiliate MONEY MANAGERS Ltd and their certified and accredited insurance consultants assess your insurance needs and submit to you their proposal for the correct and proper insurance coverage that will indemnify you from any potential loss. Money Managers Ltd is affiliated with most of the international insurance houses and ensures high level service, competitive prices and a personalized hands on system that adjusts to your ever changing needs. The insurance packages offered are: Corporate Insurance Transport Insurance Professional Third Party Liability Insurance Credit Insurance Specific Exposure Insurance Life Insurance |
