Risk Management 

INTRO

Businesses face risk all the time. Risk is the possibility of an event happening that could result in a loss to the company. Losses could arise due to exposures relating to financial, legal, tech-related, labour and other reasons. But most managers don’t even realize the existence of risks in their businesses. What will look like a strength may turn out to be the source of a great risk. Risk is also not static. It keeps changing in its impact over time owing to organic developments or conscious de-risking moves. 

At TCG, we have developed a mechanism to identify the risks that an enterprise faces and a methodology to handle such risks. 

Master Risk Check-up – Just like Master health Check-ups advised by the medical community we recommend regular Master Risk Check-ups for companies. A detailed analysis of each activity of the company is done to identify vulnerabilities and the risk of losses. 

Identify impact and severity of loss – Post-analysis we identify the impact and severity of probable loss for each risk. 

Manage the Risk – For each risk, we recommend actions to be taken by the company which include Risk Avoidance, Risk Transfer, Risk Retention and Loss Prevention or Loss Reduction.