2015.10.05 is risk management in sme real

LIVING AND

WORKING IN A

RISKIER WORLD

PROFESSION – INNOVATION – DIVERSITY

Is Risk Management in

SMS’s Real ?

•Carl Leeman Alex Veenenbos Alex Sidorenko •Katoen Natie AON RUSNANO

Some interesting figures based on a survey from - June 2015 - In 1300 SME’s around the world

http://www.ferma.eu/

60% of companies agree that they are facing a wide array of risks that is increasing and getting more and more complex

70% of companies would not discribe their Risk Management oversight as mature.

Only 20% of SME’s integrate RM activities with performance compensation/remuneration,

80 % have not invested in RM training for executive

•4

Aon Risk Solutions

Is Risk management in SME real? Total Cost of Risk Ferma, 5 October 2015

14 Aon Risk Solutions | Global Risk Consulting

Total Cost of Risk is important to all involved

1. Buying or selling in the value chain of SME’s and Large Corporates

transfer of risk responsibilities and financial liabilities.

2. Risk are sold implicitly, often at (no or wrong price)

3. Risks are not transferred to the party best able to finance

4. Smart risk transfer criteria are rarely applied

5. Lowest price - lowest cost


Considerations for risk transfer – allocation

In the value chain between SME companies and Large Corporates,

Who bears the most interest ?

Who has the ability to: 1. manage best 2. influence 3. finance


Considerations for risk transfer – allocation : what about risk

1. Tolerance (what can I accept)

Perf

orm

an

ce

Time

Perf

orm

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t0 t1

2. Appetite (impact on profit)


Impact in the value chain

SME’s can be very flexibility and innovative, due to their size.

Impact of disruption can be long lasting for Large Corporates


Aon Risk Solutions | Global Risk Consulting

Proprietary & Confidential 18

Top ten risks

Jaap Veenenbos MSc.

Managing director Aon Global Risk Consulting

Email: [email protected]

Phone: + 31 20 430 5679 - Cell: + 31 655 798 912

BRUSSELS, 20-21 October www.ferma.eu

FORUM 2015 Venice, Italy 4-7 October

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2015.10.05 is risk management in sme real

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