Risks are present in any commercial undertaking. The central objective for any organisation should be the avoidance of loss. The HorizonRe applied Risk Management approach sets out to prevent or significantly reduce risk and to develop financial remedies to minimise any potential and subsequent loss.

HorizonRe utilises numerous disciplines in the assessment of risk, including:

• Corporate culture and economic principles evaluation;
• Financial modelling and redemption time calculations;
• Global accounting standards and insurance strategies;
• Legal methods and principles;
• Statistical behaviour and quantitative methods and,
• Technological systems.

Practically applied, risk management defines the probability, quantity and quality of the risk a company may face. It protects resources and the income of a company, thereby reducing its vulnerability and exposure to risk in the most economical manner.

HorizonRe risk management approach, principles and concepts contribute an essential part to financial success when investing in assets or underwriting risks, whether a company independently or jointly funding risks, or placing these risks within the sphere of insurance.

A clear perception of compliance requirements relates to the understanding of the risk profile within an organisation and remains the ultimate responsibility of a company’s Board of Directors.