Asset Risk Management
Asset Risk Management can mean the application of risk management techniques to both financial assets and to critical business systems to identify and mitigate potential loss. Asset Risk Management applied to assets in the realm of finance is a subset of financial risk management. Asset risk management applied to physical assets, real properties and to computing systems is a subset of operational risk management.
Asset Risk Management and Finance
In the financial sector, tradable assets introduce economic uncertainty as portfolio values rise and fall. Financial risk management, a specialization of risk management, typically addresses exposure to risk and potential loss of this type. Please see Financial Risk Management.
Asset Risk Management and Critical Business Systems
Asset Risk Management applies risk management techniques to critical business systems where failure could lead to business interruption. Of course, essential services such as power, heating and cooling, ventilation and computing must be safeguarded. This type of asset risk management is a subset of Operational Risk Management.
Practically all businesses today rely on computing. In our e-commerce world, businesses rely heavily on web based services and activities. Any loss of computing capability could be costly. The inability to provide clients with essential services could result in considerable cost in lost business, lost opportunity and in damage to the reputation of the business itself. Asset risk mangement identifies potential losses of this type, then develops a strategy for managing and mitigating the negative effects from any such loss.
Our Risk Management Practice, Consultants & Solutions
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Our Risk Management Practice
Risk Management Consultants
Enterprise Risk Management
Global Risk Management
Financial Risk Management
Additional Asset Risk Management Information
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ABD and Wells Fargo Insurance Services are pleased to provide accurate, useful information to our friends in risk management.
