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Integrated SMS
Financial risk analysis
Risk criteria

FINANCIAL RISK ANALYSIS

 

Estimating maximum annual loss and the operational risk profile – Incidents such as ship foundering, loss of life, spillage of cargo, clean-up costs, and business interruption will negatively impact the financial performance of a port. We have carried out financial risk analysis for ports in Europe which resulted in the implementation of risk-reducing measures related to operational and management activities. We can develop the risk management strategy and risk acceptance criteria for existing and future operations. Risk criteria in the form of loss exceedance curve specifying the frequency of the corresponding financial loss (F-L curve) is shown in a graph.

Business risk analysis - in the business environment today, the resources that management may use to carefully monitor and control their companies' total liability or financial exposure to risk is limited.  The traditional approach has been to address each potential liability separately.  A comprehensive approach addressing the range of potential liabilities has been applied by Risk Support.  Total risk profile included property damage, environmental risk, personnel and public liability.  A breakdown of total risk per different activities is presented on the right.