Risk Assessments

Why Risk Assessments?

Risk Assessments are used for the following reasons:

Changing environment (e.g., consolidation in the sector or with outsourcing parties);
Changes to the pension scheme;
Strategic changes;
Legal obligations;
After incidents;
Periodic updates.

Why Probability?

Our approach is adjusted to your organization;
We report our results with concrete and practical recommendations;
We make use of existing knowledge;
We use input from years of experience;
We execute the assessments ourselves or train you to assess yourself;
We are experienced in different areas of risk management and different types of organizations.

Approach

Determine ambition;
Determine the status quo;
Provide insight into gaps related to the ambition, legal obligation, or best practice;
Draft scenarios;
Identify possible risks;
Determine the impact of the risks and desired control;
Identify existing controls and draw up proposed actions.

Examples

We have completed assignments for a Dutch Top 5 Bank, Dutch Top 5 Asset Manager, Top 5 Pension Fund, as well as several mid-sized Pension Funds.

ORA/ERB (own risk assessment) for pension funds;
ICAAP (internal capital adequacy assessment process) for banks;
ORSA (own risk and solvency assessment) for insurers;
SIRA (systematic integrity risk analysis) for all financial institutions;
Strategic risk assessments for all institutions;
IT/cybersecurity for all institutions.

Substantive Key Points

Your ambition (legal minimum, creating coherence, top-down strategic risk analysis) determines the depth of the assessment.

Risk Assessments

Contact

Ronald Sijsenaar

Ronald Sijsenaar

Sector Lead Pensions

Pim Poppe

Pim Poppe

Managing Partner

If our approach appeals to you and you want to know more about Probability & Partners, you can contact one of our people directly.