Enterprise Risk Statements

Enterprise Risk Management

Deploy controls to help mitigate industry-specific risks

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Enterprise Risk Statements support effective implementation of your risk management program by providing a predefined collection of risks by industry. Enterprise Risk Statements ensure your organization maintains appropriate and relevant controls across all primary risk groups, including compliance, financial, operations, and strategic. Easily import industry-specific risk catalogs, including risk group, type, title, and description, to Risk Cloud’s Enterprise Risk Management Application or your own custom Application. 

How It Works

Enterprise Risk Statements can be seamlessly imported directly into one of your Risk Cloud Workflows. Furthermore, you can map risks to any relevant area of your program, such as controls, giving you the same flexibility that Risk Cloud gives you in other areas of the platform. 

Enterprise Risk Statements are documented in a CSV file available for import into Risk Cloud’s Enterprise Risk Management Application or your own custom Application. Available industry catalogs include:

  • Aerospace and Defense
  • Automotive
  • Banking and Capital Markets
  • Consumer Products, Diversified Industrial Products
  • Insurance (Healthcare)
  • Insurance (Life)
  • Insurance (Property & Casualty)
  • Insurance (Reinsurance)
  • Oil and Gas
  • Pharmaceuticals
  • Retail
  • Technology
  • Utilities

Why You Need It

  • Proactively monitor industry-specific risks by using the pre-built Enterprise Risk Statements relevant to your organization
  • Better prepare your organization by identifying relevant compliance, financial, operational, and strategic risks
  • Effectively mitigate risk and safeguard your organization’s assets by deploying controls against common risks to your industry

Publisher: LogicGate

Date Added: 05/24/2021

Type: Catalogs


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