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| About Us |
| Insurance Industry |
| IT Risk |
Every company faces risk.
Risk is an essential part of any business. If properly managed, risk drives growth and opportunity. But the stakes are high. By systematically identifying and proactively addressing security risks, businesses can protect valuable assets, particularly from internal fraud, theft, and crime while supporting business objectives and demonstrating value to stakeholders.
L&A supports your business objectives by helping align and balance enterprise risk management with opportunities. Our proven methods and processes identify risks, assess their relevance and impact, and compare with risk management best practices to create a risk profile for making sound business decisions with strategies to manage risks.
Our enterprise risk management program addresses:
- Governance - internal controls including policies, procedures, and stakeholder issues
- Compliance - regulation, risk management best practices, standards, and insurance requirements
- Security risks - physical, information, and IT security
L&A's holistic enterprise risk management approach is applicable to any business or industry and ensures that stakeholders understand the full spectrum of risk management to properly evaluate and pursue business objectives and opportunities. L&A's enterprise risk management services include:
- Risk Assessments - L&A's risk assessment processes examines the nature and extent of your internal controls (operational, financial, and system) that address risk management, including internal fraud, theft, and crime. Our risk assessment approach provides a comprehensive report that summarizes your current risk profile and provides recommendations to improve efficiency and effectiveness. The risk assessment includes:
- Interviews with key managers, staff and stakeholders
- Review of current risk management-related internal controls such as policies, procedures and practices
- Observation of operations and security risk
- Risk Survey or Assessment - A risk survey, or loss control assessment, is typically conducted following a known or suspected loss, such as internal fraud, theft, and crime. L&A focuses on internal controls to security risks and identifies weaknesses and vulnerabilities to improve risk management. A risk survey, or loss control assessment, is often required by an insurance company underwriter as a condition of coverage.
Internal Control Reviews - L&A reviews and evaluates your internal controls, such written policies, procedures, statements, contracts and other documentation, particularly as it pertains to internal fraud and crime. These internal controls may include your organization's code of ethics, conflict of interest statements, and contracts with third parties such as service bureaus or independent contractors. Our risk management experts provide recommendations to these internal controls to improve enterprise risk management.
Fraud Awareness Training - L&A industry experts work with you to develop fraud awareness training programs that focus on internal controls for risk management and internal fraud, theft, and crime. The fraud awareness training is cusomized to address your enterprise risk management concerns, business objectives, and risk profile.
Risk Management Consulting - L&A is committed to serving as a ready-resource available to provide consulting and valuable information. Our risk management consultants are available to answer a wide range of enterprise risk management questions and provide immediate recommendations regarding internal controls and proactive risk solutions. L&A can develop custom-designed enterprise risk management programs and services to address your specific risk profile and business objectives.
Proven solutions that reduce internal and external risk.
