Risk Management

Risk management principles, minimum standards, guidance and advice.

> Risk Governance

The approach to risk management is communication throughout the organisation and supported by explicit ownership of the risks and a clear allocation of responsibility for their day to day management.

> Process - identification, assessment, control and mitigation

The organisation has a process by which it can identify, assess and mitigate the significant risks to the achievement of its business objectives.

> Process monitoring and Reporting

The organisation has a process for monitoring its risk profile and identifying and responding to significant issues and events. The risk profile is a key input to setting and re-setting business objectives, policies, risk appetite and the internal control environment.

> Capital allocation

The organisation’s risk management framework is integrated with the capital modelling process and methodology, allowing management effectively to assess overall capital needs, enhance capital allocation and measure the return on risk.

> Risk Management Toolkit

Lloyd's has developed a risk management toolkit to help to develop risk management practice across the Lloyd's market. The toolkit provides a range of tools, techniques and templates, worked examples and practical advice for key aspects of risk management.

Contacts

Olly Reeves
Head of Risk Management

t: +44 (0)20 7327 6229
olly.reeves@lloyds.com