Risk Management

NOBLE insurance broker based in Dubai, UAE support clients in Risk Management of the entire portfolio and advise the steps to be taken to improve the risk and make it attractive to the Underwriters to Underwrite the risk.

Risk can be defined as the combination of the probability of an event and its consequences. In all types of undertaking, there is the potential for events and consequences that constitute opportunities for benefit (upside) or threats to success (downside).

Risk management is a central part of any organisation’s strategic management. It is the process whereby organizations methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities.

The focus of good risk management is the identification and treatment of these risks. Its objective is to add maximum sustainable value of all the activities of the organization. It marshals the understanding of the potential upside and downside of all those factors which can affect the organisation. It increases the probability of success, and reduces both the probability of failure and the uncertainty of achieving the organisation’s overall objectives.

Risk management should be a continuous and developing process which runs throughout the organisation’s strategy and the implementation of that strategy. It should address methodically all the risks surrounding the organisation’s activities past, present and in particular, future.

Our aim is to provide a unique service and approach to the insurance requirements of our clients. Our philosophy is simple but effective and is founded upon building a strong partnership between clients, the insurers and ourselves.