Enterprise Risk Management

Enterprise Risk Management (ERM) is the strategic, enterprise-wide process of assessing, analyzing and responding to the collective risks that impact an organization’s ability to achieve its goals. Companies able to successfully navigate their risk environments can build and manage a sustainable enterprise through the adoption of ERM strategies.

Aon’s ERM team has established an approach to ERM that is streamlined through three main pillars – Risk Governance, Risk Awareness, and Risk Improvement. Using this approach, we assist our clients in establishing seven key attributes within their ERM programs:

• Established goals and oversight structure
• Understanding of existing risk management processes
• Effective risk identification and prioritization
• A disciplined approach to quantifying the most significant risks
• An effective approach to identifying and evaluating risk response solutions
• Successful implementation of risk response solutions and strategy
• Appropriate risk governance, culture, and disclosure – including integration into management decision processes

Specific services related to ERM are: Risk Strategy, Objectives & Framework  Risk Identification & Assessment, Risk Maps  Risk Response Strategy & Implementation  Benchmarking and Risk Management Review  Risk Management Outsourcing  Corporate Governance and Internal Control System  Business Continuity Management  Supply Chain Risk Management