Managing our risk levels is at the core of our solutions and our culture.
We approach risk in a consistent and appropriate manner because it is crucial to building trust in our business. As with the rest of our model our approach is agile, measuring limits in real time and using current data in our analysis.
Our growth since 2012 has proven our strategy and our approach to customised solutions. For Peak Re, risk management is a key area that has had to develop fast to maintain the resilience of our offerings. Our team has the dual responsibility of controlling internal risks in the portfolio and informing strategic decisions around capital deployment.
Our holistic approach is articulated in the Peak Re risk map, which has three components:
- Asset Risk
- Liability Risk
- Business Risk
These components have the respective subcategories of credit, market, underwriting, reserving, operational and strategic risk.
Analytics is core to risk management and we have established a team with the skillset and experience to create proprietary evaluations and assessments. Our IT platform supports the real-time accumulation of data relating to property, agriculture, marine, personal accident, credit and life & health. It also includes third-party vendor models to analyse our exposure to natural catastrophe, based on pre-determined risk baskets.