https://expertalmanagement.de/2020/12/26/vermogensverwaltung/
For any industry, it’s critical to have an effective process for managing risk and assets in place. This is especially true for the financial industry, where insurers use the premiums collected from policyholders to invest in assets in order to generate revenue and maintain their solvency. Assets are volatile, so it is crucial that investors manage their investments properly. This means knowing when to take on more risk or less risk to reach their goals.
A well-designed asset and risk management system is also essential for energy and resource companies to protect assets and maximize ROI over their lifespan. This includes identifying, assessing, and assessing the risks associated with the assets of an organisation which includes tangibles such as equipment and buildings as well intangibles like intellectual property and data.
First, a company should identify and identify its assets. In the ideal scenario, each asset would be given a name and a designated owner who is accountable and has authority over it. These individuals know the risks that are associated with their property and can reduce those risks effectively. The risk management team should collaborate with these stakeholders to identify the possibility of threats and vulnerabilities.
The business can then prioritize the risks identified. This is usually done in relation to the likelihood of the risk occurring and its impact on the business. The highest priority risks should receive the most security implementation, investment and attention. Other risks must be addressed in accordance with the company’s operational requirements and regulatory compliance.