Austral Risk Services are risk advisors and insurance brokers for small, medium and large business. Based in Western Australia, we provide comprehensive risk management services and leading insurance solutions to protect your business, company or organisation.
Call us on 08 9344 6650.
Corporate > Corporate Insurance > Risk Management
Taking a risk approach to your business.
Risk is a choice about the actions a business dares to take. The
willingness to take risk is essential to the successful growth of a company and the understanding of how much risk is tolerable is crucial
to every business decision. Decisions about which risks to take, hedge
or avoid rely on objective information and consistent application of
risk management practices across the business.
Austral’s holistic approach to assisting clients in
strategic and operational risk management is based on the principles of ISO 31000.
Austral has the expertise to advise clients in risk management matters through a
simple process designed to provide objective information to reduce the
uncertainty of decision making.
Our experienced risk advisors firstly develop an extensive
understanding of our client’s business activities, supply chain and
customer dependencies, the regulatory and competitive environment within
which the business functions, its risk tolerance and how it currently
manages its business risk.
This provides the basis on which we can guide
you through a simple risk analysis strategy to developing a detailed
corporate risk management framework to suit your particular
Risk consulting to build resilience
Our primary objective is to support our clients by the development of
a formal risk management process incorporating a high level business
risk register, a consistent methodology in assessing risk across the
business and a means to manage and monitor risk decisions.
We do this in
close collaboration with the Board and senior management of every
client we work with.
Our philosophy is that understanding your
business risk makes not only good business sense, but is becoming
increasingly important in a corporate governance sense.
ASX Principle 7 Compliance >
If your organisation is a listed company, your risk management
framework should be compliant with Principle 7 Recognise and Manage
Austral has identified that many small to mid cap listed entities
may have difficulty in implementing risk practices which meet the
recommendations. Austral can provide the guidance which will enable you
to report positively.
Auditing, Evaluation and Review of Risk Programs >
The ability to provide an objective and professional assessment of
an organisation’s insurance program is one of Austral’s core skills.
This evaluation can identify ineffective or costly insurances, or
significant exposures in policy wordings.
Business Continuity Planning >
The failure to have documented crisis management, disaster recovery
and business continuity planning is an all too common occurrence.
Austral has the experience to assist your organisation to develop and
implement planning relevant to your activities.
In-house Risk Management Training for Boards and Executives >
Development of a risk management culture throughout an organisation
that is understood and accepted is critical to the success and
continuity of successful risk management practices. Austral has the
capability of providing in house or online training programs tailored to
your specific needs.
Risk Profiling, Analysis and Evaluation >
This is the critical process in the development of an organisation’s
risk management framework. We work with you to develop a current risk
register and matrix, the basic tools necessary to implement a
sustainable risk management process. We do this by working with your
senior management to support a consistent view of risk practice across
the organisation that is practical and efficient.
Risk Management Framework >
An organisation’s risk management framework documents the policy,
processes, accountabilities and tolerance to risk. Austral has the
expertise and experience across a broad range of industries to
effectively and efficiently work with organisations to assist the
development of the risk management process as evidence of good corporate
Size of Business (in terms of employees)
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