When it comes to controlling total cost of risk, energy and natural resources companies face a unique set of challenges, including the hazardous nature of their products, political instability and geographically remote operations. Regardless of conditions, state-of-the-art risk management can help companies meet the critical goals of improving safety, protecting assets and mitigating risk.
Energy and natural resources companies are remarkably complex organizations. They deploy large numbers of employees, contractors, subcontractors and partners. They manage an expansive, diverse range of properties and operate large fleets. And with their vast customer bases, the potential for public liability and litigation is very real.
Risk management information systems from Aon eSolutions enable clients to gather, consolidate and analyze global risk data, thus mitigating risk. Clients leverage insights into their exposure to reduce occupational hazards, enhance safety programs and lower accident rates. And by generating accurate loss histories, improving asset management and enhancing event reporting, clients negotiate risk financing more favorably, which contributes toward reduced total cost of risk.