Arch Risk Management Plus – Why

We understand that only so much of your Client’s risk can be protected by Insurance that’s why we provide Arch Risk Management Plus to manage and mitigate those “business risks” that can’t be transferred.

Businesses deal with RISK every day; it’s an inherent part of managing a business. They will see RISK more broadly than those that can be covered under an insurance policy; in fact, many of a business’s biggest exposures cannot be insured.

 

How do we deal with RISK?

We can choose to ACCEPT or REJECT RISK , but if we chose to ACCEPT it, there are 3 ways we can deal with it and its “consequences”. These are;

• RETAIN all of the consequences of the RISK – ultimately, this is the value of the Business,
• TRANSFER some of the consequences of the RISK, where insurance contracts or other similar mechanisms are available, such as discount invoicing to manage bad debts, and
• MANAGE the RISK to reduce the likelihood and/or the consequences. Managing Health and Safety reduces the likelihood and consequences of workplace accidents, which can have more far-reaching consequences than an Employers Liability claim, as shown below.

Each of these has a value or cost.

Why Arch Risk Management Plus!

This is why we provide ARM Plus alongside our Commercial Combined Policy – TRANSFERRING some of their Client’s RISK. ARM Plus helps the Client MANAGE the RISK they have now option but to RETAIN. ARM Plus is a unique combination of:

• Cloud-based digital risk management systems
• Consultancy support on a pay-as-you-go-if-you-need-it basis and
• Unlimited Engagement Support to help our clients embed the ARM Plus solution in their process and team

Watch our video about ARM Plus.

What does ARM Plus deliver?

It provides resources to manage and develop Business Continuity and Resilience, Workplace Safety, Training and Compliance and Accreditation Management.

ARM Plus can deliver a wide range of solutions that help clients meet their compliance needs and enhance and simplify the risk management process, reducing the time and cost involved.

It will also create real-time visibility into the client’s risk management activity, with fully trackable activity and performance data on risk management controls and procedures.

Perhaps one of the most important deliverables of ARM plus, combining all of the above, is greater engagement across the business in risk management.

This is why ARM Plus can deliver tangible cost-benefit value to the client, which can be as much as if not more than, the client’s premium. Here’s how ARM Plus delivers value.

Clients who buy the Risk Management Solutions that power ARM Plus report an ROI of 10 X on their licence costs.

You can learn how Arch Policyholders use ARM Plus to manage their risks here

Engaging with the Client and ARM Plus

Because ARM Plus delivers a wide range of solutions, we work in partnership with Broker and Client to understand how the individual priorities, challenges or things they would simply like to improve and how ARM Plus might meet these. We do this in a Client Engagement 121 Video Meeting.

If the Client see value in ARM Plus, then we’ll “activate” their solution and work with them to get them up-and-running with unlimited remote support.