Risk Management is a concept that is becoming more and more vital in the insurance industry. The simplest description of what it entails is the real and ultimate identification and measurement of risk.

Solutions associated with Risk Management consist of defining risks, transferring risks, avoiding risks, reducing risk impact, or even accepting the consequences of risks following the thorough identification and measurement of their impact.

Risk Management focuses on physical and/or legal root causes. Whilst, in broad terms, physical root causes relate to property risks, legal root causes relate to casualty risks. Those are identified and mapped according to a complex set of parameters and criterions. Some of these include the risk nature (e.g. construction type, spontaneous combustion, business interruption element), the human element (e.g. knowledge skills, adequacy of protections), the geographical location (e.g. exposure to Nat Cat perils, exposure from and to neighboring risks, proximity to fire brigade station), political environment (e.g. exposure to riots, strikes, and malicious damage), legal environment (casualty risks), and many others similar factors.

Frequency and severity are important factors that are considered to determine the risk impact evaluation process. Some risks might be prone to frequency losses while others are more affected by the severity of the potential losses; certain risks may combine both frequency and severity elements associated to them. Frequency and severity analysis may rely on a checklist that should embrace all the risk features, thus magnifying any possible defects that require short or long-term solutions.

Depending on the nature and the features of each type of risk, Risk Management must be looked on as an ongoing process that needs to continuously monitor and assess the potential risk involved.

Our team is qualified, experienced and prepared to carry out Risk Management analysis and to provide adequate solutions for any situation.

Success stories
- Kingdom Tower
- Saudi Arabia
- Solidere Project Lebanon
- Beirut Sea Front and Marinas Infrastructure
- Abdali Project
- Jordan
- Saraya
- Jordan
- Movenpick Hotel Beirut
- Four Seasons Hotel
- Syria

An Insurance Consultant is a qualified and experienced insurance professional who provides an expert advice to the insured, against a consultancy fee, on insurance-related matters. Such advice may tackle coverage requirements, policy wording, special extensions and exclusions, indication on prevailing insurance rates, deductible levels and other general market practice, and risk management.

The Addison Bradley Group has a team of insurance consultants with a broad and diversified knowledge as well as market experience locally and internationally that are at the disposal of its clients.