Integrated Risk and Insurance Strategies (IRIS) are the result of detailed analyses, professional understanding of risk, finance and economics, and extensive experience. IRIS enables Eikos to provide tailored solutions to our broad international client base; relevant to any corporation aware that risk and the inherent uncertainties in our changing environment are not only unavoidable, but are in fact intrinsic to the trading environment.

Enterprise-wide risk management incorporates all aspects of the business cycle and process resulting in an integrated approach to the broad spectrum of risks faced by modern business. Thus, risk management is regarded as an integral part of the entire business management function. IRIS analysis yields data to determine the optimal diversification of risks, the impact of this on the organisation’s finance, finally resulting in insurance price making rather than price taking.

IRIS is premised upon four key analyses: the organizational structure, risk exposures, claims and loss history and financial structures and risks. These analyses provide data used to determine the optimal diversification of risks, the impact of this on the organisation’s finance. Clients are an integral part of the analytical process, not just as data sources but in the design of the risk solutions proposed. Clients must be confident that their agreed risk strategy is realistic in objective terms in relation to their balance sheet. Further, they must believe that within these parameters the strategy is appropriate to the risk culture of the company.