Insurance Is Part of Risk Management — Not the Starting Point
Insurance is often viewed as the final answer to risk.
L&G takes a different approach.
Protection should begin with understanding the risk.
Before determining what insurance is required, businesses need to understand what they are protecting, where the exposure lies, how a loss could occur, and what the consequences could be for assets, operations, and business continuity.
That perspective is reflected throughout the first L&G Risk Management Review.
From preparing for potential fire risks, to structuring Marine Cargo Insurance, to responding properly after a project accident, the decisions made before and immediately after an event can influence the ability of a business to recover.
As a Risk Advisor, L&G's role extends beyond arranging an insurance policy.
It includes helping businesses:
Understand Risk
Identify potential exposures affecting assets, operations, and business continuity.
Transfer Risk
Design insurance and risk-transfer strategies aligned with the realities of the business.
Stand Beside You
Provide experience, knowledge, and support when a risk becomes a real event.
As the newsletter puts it, the value of insurance is not only measured when a policy is issued, but when the protection actually works when the business needs it most.
