Enterprise Risk Management, as defined by RIMS (The Risk Management Society), is a strategic business discipline that supports the achievement of an organization’s objectives by addressing the full spectrum of its risk and managing the combined impact of those risks as an interrelated risk portfolio. At Dillon Risk Management we incorporate many of these same practices into our routine approach for new and existing customers.
Traditionally, insurance agencies shop rates, match existing coverages and limits and pray they offer the cheapest “deal”. Dillon Risk Management incorporates insurance market cycles, our extensive data analysis, the company’s growth trajectory and most importantly the organization’s “Risk Tolerance”, into our model, when crafting a tailor made solution for their risk management portfolio. Through this process, we’ve developed a strategy which incorporates our customer’s loss patterns, the ups and down of the insurance market cycles and variations in our client’s balance sheet, reducing the risk of a financial shock resulting from the above mentioned causes.
While these strategies may not eliminate all the enterprise risk a given customer may face, we certainly are going leaps and bounds beyond what the traditional insurance agents or broker is capable of for our customers.
