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Risk Assessment and Risk Survey

//Risk Assessment and Risk Survey
Risk Assessment and Risk Survey 2017-08-20T22:56:03+00:00

Risk Assessment and Risk Survey

We deploy our team of core professionals with open and unprejudiced disposition. Whether for risk placement purposes with insurers and reinsurers or for stakeholders (Financial Institutions, Lenders, Equity Holders, Regulatory Agencies etc.) or for the owner’s loss prevention and risk control benefits, we identify risks and loss exposures which can frustrate, cripple, disrupt or inflict damage to projects, operations, assets, workforce and third parties for oil, gas, energy, marine, manufacturing, telecommunications, commercial and a wide range of business. We issue appropriate report(s) with cost-efficient loss prevention, mitigation and risk control recommendations to eliminate or minimize the impact of any occurrence of identified risks. Every company has its own unique hazards, threats and vulnerabilities.

IRPC’s comprehensive risk assessment of client’s assets and operations covering loss exposures identification and evaluation, hazards elimination and reduction measures will help in taking timely decision ahead of any major incident.

Risk Assessment and Risk Survey Services

Enterprise Risk Management

The ERM Team works with the client to fully understand the corporate vision, mission, targets, policies, philosophy and organisational structure for core and non-core activities of the organisation in relation with existing and on-going systems which are unique to the client. The ERM Team will evolve a practical Enterprise Risk Management Framework for effective risk identification, risk analysis, risk control, risk communication and risk monitoring throughout the organisation. The ERM Service for companies is scoped to achieve international best practices (ISO 31000), compliance with COSO standard prescriptions and above all, in line with the strategic goals and objectives of the company.

Machinery Breakdown Evaluation

Maintenance of ageing plants poses ever-increasing challenges unmatched by obvious demands for improved plant availability and reliability. More favourable results will be achieved through IRPC’s thorough review of current maintenance systems and computer analysis of existing job cards to develop improved procedures, standard, documentation and spare parts administration for effective maintenance planning.

For long-term profitable underwriting in this specialised class of business, a sound technical loss control engineering input is vital in view of the unimpressive maintenance practices of many insureds. Our objective report by hands-on experienced and tested professionals will provide true status of insured machineries and our approach to recommendations will convince the insured to implement risk improvement suggestions.

Construction & Erection All Risks Assessment

Monitoring and supervision of construction projects to ensure compliance with various projects and safety standards.

Consequential Loss

Apart from business interruption (B.I.) losses that often obviously accompany property damage, an in-depth technical analysis of process, operational, production, internal and external interdependencies will reveal several hidden exposures to B.I. losses. Our evaluation will proffer recommendations for loss prevention in addition to proper determination of recovery period.

Business Interruption Analysis

Apart from business interruption (B.I.) losses that often obviously accompany property damage, an indepth technical analysis of process, operational, production, internal and external interdependencies willI reveal several hidden exposures to B.I. losses. Our evaluation will profer recommendations for loss prevention in addition to proper determination of recovery period.

Plants All Risks Survey

IRPC renders thorough services for complete engineering inspections of pressure vessels, lifting devices, equipment and machinery as stipulated by the Nigerian Factory Decree number 16 of 1987, API 510 and ASME Codes. Specific attention is focused on the benefits and application of these exercises to ‘Plant All Risks’. ‘Contractors All Risks’ and ‘Erection All Risks’ insurances.

Manufacturing Evaluation
Onshore & Offshore Rigs & Platforms
Underwriting Surveys Of Oil & Gas, Energy, Petroleum & Petrochemical Plants