Risk Impact Tool for ERM
As business risks continue to increase, organizations are finding it necessary to implement a formal risk management system
An effective ERM program can help organizations manage their risks and maximize opportunities. Aon’s proprietary web-based tool – Risk Impact Tool for ERM (RITE) helps clients assess their risk framework, risk management capabilities, and overall enterprise risk management.
RITE helps assess risk and identify potential gaps in risk management capabilities
A.M. Best’s criteria includes a component for ERM with the potential for positive or negative notching on the overall rating. Our tool creates a detailed scorecard report and is based on insights developed through the years by aggregating A.M. Best’s published materials and rating agency expertise. RITE helps facilitate ERM discussions with management team, board, rating agencies, and more.