The total cost of risk (TCOR) is a compilation of all of the risks facing a business - insurable or uninsurable, known and unknown. Businesses face many risks that they are not insured for, and by measuring the total cost of risk, informed decisions can be made to manage exposure.
Designed for brokers, Zurich's infographic illustrates the importance of measuring TCOR in order to gain a comprehensive overview of your corporate clients' risk profiles.
• Calculating TCOR.
• A typical insurance vs risk conundrum.
• Planning for the unplanned.
• Modelling the TCOR: Tangible vs intangible costs.
• The value of risk management.