Ecclesiastical launches new risk self-assessment tool

The Ecclesiastical Risk Maturity Assessment tool has been launched to help organisations strengthen their risk management arrangements and become more resilient to the risks facing them.

 

The tool is free for any organisation to use and has been developed by strategic risk experts with a wealth of practical experience in the field. 

 

Ecclesiastical has a dedicated enterprise risk management team (ERM) that offers customers support with strategic risk management and business continuity. The tool has been developed as part of the specialist insurer’s commitment to providing outstanding service to its customers.

 

Organisations can use the tool to understand where improvements need to be made to their risk management approach. This will help them to put in place plans to achieve strategic objectives, effectively manage risks, maximise new opportunities and improve their resilience. The higher an organisation’s risk maturity rating – the more prepared an organisation will be to deal with existing and emerging risks.

 

The easy-to-use tool is accessed through the Ecclesiastical website. Organisations must register at the Ecclesiastical Insurance website and then follow the simple instructions to complete the step-by-step self-assessment tool.

 

By completing a series of questions in the tool, organisations will be able to access a report highlighting the organisation’s risk maturity score ranging from developing, integrating, and embedding to optimising.

 

The report will also provide a bespoke action plan to move the organisation closer to the next level of risk maturity.

 

Speaking ahead of the tool’s launch, Sarah Pearson, Head of Enterprise Risk Management at Ecclesiastical Insurance, said: “There has been a lot of upheaval and uncertainty in the world in recent years – from the pandemic, to economic instability and global conflict. In such a volatile risk landscape, having effective risk management arrangements is vital to help organisations to respond, adapt and evolve to meet priorities and deliver on plans.

 

“I am really pleased to be launching this new Risk Maturity Assessment tool to support organisations in navigating this volatile new normal. We’ve developed it with risk management industry experts, and we believe it’s market leading, unique and will really help our customers.

 

“By working through the risk maturity self-assessment tool an organisation will be able to identify their current risk maturity levels and identify areas for improvement – making them more resilient and able to face emerging risks as they work towards achieving their ambitions.”