Risk Analysis and Management

Ekol has been providing risk survey and management services for more than 25 years. It benefits from its extensive experience gained through loss adjusting & claims management enables is to develop approach specific to each industry helping it in fulfilling its aim of identification of risks and their reduction.

Middle East, Europe and Turkic Republics are the main areas of activity of Ekol which has completed many national and international risk management process.

Ekol Risk Team trained and certificated for each sector, identifies, analyzes, assesses and manages risks of fire/explosion, natural disasters, theft, liability specific to each industry such as construction, power, manufacturing, issuing the report on risk transferability for sharing information with underwriters, brokers, insurance companies and the insured. 

Identifying Risk

The on-site inspection is the most important stage of identification of risk. On-site inspection covers all the areas of a company in which potential risks might arise mainly comprising;

Production, Processing, Storage,

Auxiliary Facilities (Power, IT etc.)

Administration / Executive Offices,

Fire and Other Security Systems etc.

Through on-site inspection, the risks of processes, risks incurred by the application method of the company, the risk in storage and auxiliary facilities and more are identified and analyzed.

Risk Survey

The risk is analyzed based on the possibility of occurrence and the impacts of consequences of the identified risks. Risk matrixes are prepared based on elements of threat which determine the general risk ratio and priority of the measures to be taken.

Loss scenarios such as MFL, PML, NLE are prepared to determine the maximum and expected loss ratio. 

Controlling Risk

Organizational and engineering measures are researched and realistic, reactive and proactive solutions are proposed to eliminate, if possible, or at least minimize the risk to an acceptable level. 

Monitoring

It ensures sustainability through monitoring the applications proposed to and shared with the facilities after the risk taken under control, reduced and/or minimized. It provides sustainable risk management through annual or instant monitoring when needed in cases of any modifications in the facility.