Traditional risk management methods often leave a significant gap, with only around 2% of insured risks receiving comprehensive guidance. SMEs are hit the hardest, with the majority lacking the resources for traditional risk management support. This creates a vulnerability that leaves these businesses exposed to risks that could otherwise be mitigated.
Enter Instant Risk Guidance (IRG)—RiskSTOP’s answer to this challenge, on a mission to achieve Risk Management for Everyone. IRG offers free, personalised risk reports specifically tailored for SMEs. By leveraging data from tens of thousands of RiskSTOP site surveys, IRG identifies the most relevant risks for different classes of businesses and provides actionable, tailored recommendations. This approach eliminates the need for costly site visits, enabling brokers and insurers to offer immediate, scalable support.
A modern day solution
IRG is a transformative tool. It provides instant, effective risk support to SME clients, enhancing service portfolios and solidifying client trust. By offering this proactive guidance, brokers can strengthen client relationships and demonstrate their commitment to client safety and well-being. Insurers benefit from a reduction in claims exposure, improved combined operating ratios, and the ability to support a broader client base. IRG aligns with modern, data-driven risk management practices and makes Risk Management for Everyone a closer reality.
Take the next innovative step in your risk management approach. Equip your SME clients with the risk support they need and deserve. Explore Instant Risk Guidance here and see how you can enhance your offerings while supporting a safer business landscape.
Read our article on Risk Management for Everyone at RiskSTOP to learn more about our vision and how you can be a part of it.
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