A risk and vulnerability analysis aims to limit the consequences on the company by identifying, defining, evaluating, quantifying and prioritizing the risks and vulnerabilities of a site or system according to its impacts and probabilities of occurrence.

“Have you identified the external risks that may impact your business? What have you done to limit their consequences if they occur? »

The risk and vulnerability analysis helps to uncover unacceptable concentrations of risk to your business. You can then identify measures that can reduce the likelihood of these risks materializing.

While acquiring or holding insurance policies may be part of the solution, it is also important to understand that in recent years insurers have increased the cost of insurance premiums and stopped covering certain risks. Other types of risks are also not covered by insurers (e.g. loss of productivity caused by abnormally high absenteeism, interruption of a supplier’s services, losses incurred in an unstable country, repetitive claims for the same hazard, etc.). In addition, businesses must take preventive measures to protect themselves against certain specific risks (e.g. cyber attacks, floods, fire, intrusion, power outages, etc.).

Performing a risk and vulnerability analysis then becomes even more important so that they may be identified (knowing what the company is exposed to) and mitigated .

A risk analysis must be updated annually. If you require a risk and vulnerability analysis to be conducted or revised in whole or in part, we can help you achieve this goal.