“Most Caribbean corporations do not have a complete, enterprise wide understanding of the risks they face”. This from Gregory Rose, of Lynch Risk Consulting, a division of Lynch Insurance Brokers Ltd. Lynch has allied with Marsh Inc., the world’s largest insurance broker and strategic risk advisor, to provide Caribbean wide risk consultancy services. Rose added that their risk consultancy services are designed to assist clients with managing risks effectively, creating strategic advantages in the marketplace and cost efficiencies over the long term. He stated that “in an increasingly complex and demanding marketplace, there are many risks that could threaten the long-term survival and competitiveness of an organization, it is important to capture the upside of business risk and control the potential disasters”.
The affiliation means Caribbean corporations now have access to the highest global standards of strategic risk consultancy service tailored to meet the demands of the Caribbean corporation. “Normally, within corporations, various divisions and departments handle issues specific to their operations and the total cost of risk to the corporation is never completely understood. Our role as risk and insurance advisors must change as we seek to assist clients in developing a true understanding of their risk exposure.” added Rose....