The need for risk monitoring results from changes undergoing in your Company’s vicinity and activity as well as in itself (its development, transformations etc).

These changes may have an impact on the forming of new risks or on the level of risks already identified and evaluated. This means that steps taken following a risk audit may also need changing, or that new solutions have to be taken into account.

Erigo’s offer in the field of risk monitoring includes:

• preparing procedures connected with information flow, reporting, informing about changes,
• analysis of occurred losses (causes and effects),
• evaluation of the influence of changes (legal, organizational, contractors’ activity, for example) on the level of identified risks and, eventually, on the coming to existence of new hazards,
• definition of the influence of these changes on earlier undertaken actions in the scope of elimination and limitation of risks (prevention activity, reduction of loss level, prepared emergency plans, signed contracts, etc.),
• eventual verification of up to now actions and decisions and implementation of new solutions.

Proposed by Erigo actions in the field of risk monitoring allow to undertake adequately rapid prevention steps that will contribute towards improving the risk management process and limit the consequences of eventual interruptions in the functioning of the studied entity, what will lower the cost of risk.