Chubb's risk engineers take the time to understand each company so that we align risk mitigation strategies with the business needs. Evaluating the likelihood and consequences of risk is a crucial part of our assessments which are based on the methodology outlined in ISO 31000, Risk Management – Principles and Guidelines.
Our risk advice considers:
- Local and international risk management and loss prevention standards
- Industry data analytics
- Lessons from Losses
- Recent test data
- Original Equipment Manufacturer (OEM) requirements
- Industry best practice
Chubb offers risk benchmarking systems that are easy to understand and identify trends across multiple facilities. Risk benchmarking can be based on Chubb global requirements or agreed client standards. In addition, our clients' risk benchmarking systems can be adopted to ensure full integration with existing Enterprise Risk Management programs.