Ward Group, an insurance industry consulting firm and benchmarking services provider, has launched an enterprise risk management (ERM) process designed to help companies proactively deal with risks through a multi-phased approach.

The service is designed to merge the benefits of a top-down, risk-based methodology with control environment documentation and assessments. The program helps companies implement ERM not as an administrative burden, but as a process to mitigate risk and define improvements to operational practices, says the company.

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