Risk Management is increasingly being seen as an integral component of best
management practice. Risk Management is a process to identify, evaluate and
support business decision making.
PRCE adopts a pragmatic and practical approach which is relevant and appropriate
for Pacific Island Countries’ needs. Our approach is fully aligned with
the brand new AS/NZ 4360:2004, adopted from the world’s first risk management
standard.
PRCE's managing director, Ray Paris, holds the title of Certified Practicing
Risk Manager (CPRM) from the Australasian Institute of Risk Management. Ray
is the first person in the Pacific Islands to gain this professional recognition.
PRCE has no audit relationships with any other insurance companies, and so we
are free to provide pure risk management advice without any conflict of interest.
PRCE has a demonstrated proficiency in setting up risk management programs
and undertaking risk management projects including:
Technical loss control assistance for the optimization of insurance programs
Setting up and servicing new and existing risk management programs
Risk assessments and risk audits for fire, security, business interruption,
environmental. hazardous materials, cyclone, earthquake, tsunami, flood and
occupational health and safety.
Underwriting information reports for clients and insurance underwriters
Development of “What-if ….” scenarios
Estimates of loss projections
Development of contingency plans and disaster recovery plans
Specialized bomb threat training
Specialized training in emergency evacuation and the duties of fire wardens
Specialized training in “What is Risk Management.”
Specialized training in hazard identification for supervisors.
Most of these programs have successfully been used to reduce our clients insurance
premiums or insurance deductibles.
All of theses programs have been used to reduce our clients risk exposures,
and thereby assist in increasing our clients profitability.
Current and past risk management clients are from the
following sectors
