Risk Management

While the business enterprises pursue opportunities, they often fail to foresee the risks embedded in their business. Risk and reward move together. We may not have complete control over the entire set of business risks, but we certainly hope to have some kind of support system to understand the risks and shield us. For businesses, risks could be foreseen and unforeseen. Risk management helps in taking the bull by its horn.

Business honchos move in one direction with their blinkered view. So, businesses need an external help who could have a holistic view of overall business. But, how does one prepare against such risks? How does one plan the activities by reducing the risks facing the business to the minimum? How could one know if the risk policy is robust enough to protect its assets and revenue? Are we adequately insured? Does it facilitate easy claim settlement? Mantraa risk advisory services would help you setting up proper risk management that could answer all your risk issues.

mantraa-risk-management-enterprise-risk-management
Setting up Enterprise Risk Management

With the right processes to identify and mitigate risks, Mantraa provides risk advisory  planning to guard against potential risks. Any business prospers in a secured environment. ERM ensures the business is well secured and insulated. Enterprise risk management is a domain of governance that deals with the strategic, operational, environmental, financial, regulatory, marketing, regulatory and compliance and business continuity risks. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.

Claim Management

With 35 + years of domain experience in insurance, Mantraa has the expertise to provide for a hassle-free claim management. Our strong network and personalized services for companies with nominal fees have been beneficial to a large number of small and mid-size enterprises. This has not only protected the companies against risks but have saved them from highly challenging times.

mantraa-services-risk-management-claim-management
mantraa-services-risk-management-project-insurance
Project Insurance

Mantraa carries out detailed study of project, prepares the risk matrix and suggest suitable insurance program and risk management strategy based of the risk appetite and risk bearing capacity of the business, handholds till the process is complete.

Our team has handled projects both in India and abroad, in corporates like Reliance Infra, Reliance Power and international business conglomerate like Indorama Ventures, Thailand. It has handled over 46 EPC infra projects, 7 Power Plants including Ultra Mega Power Plants like Sasan Power, 12 Toll Projects, Delhi & Mumbai Metros, Bandra Worli Sea Link, Cement, Airports covering $5 billion of group assets in India and 33 downstream petrochemical plants across 13 countries including US, Europe, covering $7 billion assets in abroad speaks for itself.

Risk coverage Adequacy audit

An important component of risk mitigation is designing management information systems to monitor sources of risks in consultation with process owners so that there is a proper alignment with business objectives.  The Key Risk Indicators (KRI) are assessed, measured and regularly updated through audits to the concerned authorities. Our meticulous risk advisory approach is our unique USP which you gain to benefit.

mantraa-risk-management-risk-coverage-audit
mantraa-services-risk-management-risk-retention
Risk Retention plan

Does your business have a detailed understanding of likely risks that it may have to deal with?  Which of these should be insured and which can be absorbed by the business? How to plan for such a risk retention plan? Mantraa helps to prepare the management to become proactive so that no risk springs as a surprise.

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    Risk Identification, Assessment and Evaluation

    Collect information about potential threats and vulnerabilities for business processes, review risk documentation and ensure accountability for risk ownership.

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    Risk Response

    Identify and evaluate risk response options and provide management with information to enable risk response decisions.

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    Risk Monitoring

    Monitor and communicate Key Risk Indicators (KRI) and manage activities to assist relevant stakeholders in their decision-making process.

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    Risk Control and Risk Reporting

    Design controls in alignment with organization’s risk appetite and tolerance levels to support business objectives.

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    Risk Audit

    Serve as liaison to auditors, consultants, bank and compliance committee regarding documentation and review of information compliance. Oversee incident response planning.

mantraa-risk-management-enterprise-risk-management
Setting up Enterprise Risk Management

With the right processes to identify and mitigate risks, Mantraa provides risk advisory  planning to guard against potential risks. Any business prospers in a secured environment. ERM ensures the business is well secured and insulated. Enterprise risk management is a domain of governance that deals with the strategic, operational, environmental, financial, regulatory, marketing, regulatory and compliance and business continuity risks. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.

mantraa-services-risk-management-claim-management
Claim Management

With 35 + years of domain experience in insurance, Mantraa has the expertise to provide for a hassle-free claim management. Our strong network and personalized services for companies with nominal fees have been beneficial to a large number of small and mid-size enterprises. This has not only protected the companies against risks but have saved them from highly challenging times.

mantraa-services-risk-management-project-insurance
Project Insurance

Mantraa carries out detailed study of project, prepares the risk matrix and suggest suitable insurance program and risk management strategy based of the risk appetite and risk bearing capacity of the business, handholds till the process is complete.

Our team has handled projects both in India and abroad, in corporates like Reliance Infra, Reliance Power and international business conglomerate like Indorama Ventures, Thailand. It has handled over 46 EPC infra projects, 7 Power Plants including Ultra Mega Power Plants like Sasan Power, 12 Toll Projects, Delhi & Mumbai Metros, Bandra Worli Sea Link, Cement, Airports covering $5 billion of group assets in India and 33 downstream petrochemical plants across 13 countries including US, Europe, covering $7 billion assets in abroad speaks for itself.

mantraa-risk-management-risk-coverage-audit
Risk coverage Adequacy audit

An important component of risk mitigation is designing management information systems to monitor sources of risks in consultation with process owners so that there is a proper alignment with business objectives.  The Key Risk Indicators (KRI) are assessed, measured and regularly updated through audits to the concerned authorities. Our meticulous risk advisory approach is our unique USP which you gain to benefit.

mantraa-services-risk-management-risk-retention
Risk Retention plan

Does your business have a detailed understanding of likely risks that it may have to deal with?  Which of these should be insured and which can be absorbed by the business? How to plan for such a risk retention plan? Mantraa helps to prepare the management to become proactive so that no risk springs as a surprise.

  • null

    Risk Identification, Assessment and Evaluation

    Collect information about potential threats and vulnerabilities for business processes, review risk documentation and ensure accountability for risk ownership.

  • null

    Risk Response

    Identify and evaluate risk response options and provide management with information to enable risk response decisions.

  • null

    Risk Monitoring

    Monitor and communicate Key Risk Indicators (KRI) and manage activities to assist relevant stakeholders in their decision-making process.

  • null

    Risk Control and Risk Reporting

    Design controls in alignment with organization’s risk appetite and tolerance levels to support business objectives.

  • null

    Risk Audit

    Serve as liaison to auditors, consultants, bank and compliance committee regarding documentation and review of information compliance. Oversee incident response planning.