Demystifying the Risk Maps

Demystifying the Risk Maps

On March 1, the risk engineering company Oryzont made the closing presentation of the APROMES General Assembly, under the title: “Demystifying risk maps: what they are, what they are for and how they are made”.

 

During his presentation, Eduardo González, founding partner of Oryzont, explained the stages for the elaboration of a risk map and, although he defended the usefulness of this type of methodologies, he also showed that they are not suitable for all clients. “A risk map is the final representation of a risk management system according to ISO 31,000, and not all companies have sufficient level of awareness to undertake the comprehensive study of their risks and, most importantly , adopt the mitigation measures resulting from it. The risk maps will take some time to move from the big business to the small and medium business”.

 

In relation to the work done by insurance brokers, Oryzont wanted to extol the task of this group. “A good risk management in the company begins, without any doubt, for a good insurance program and that should be the first recommendation to the client: improve their policies. While in Spain there are only 25% of companies that hire the loss of benefits or there are still high levels of underinsurance, it doesn’t make much sense to talk about risk maps”.