Ventiv Technology

Energy Sector Solutions

Ventiv Resource Library

Issue link: https://ventiv.uberflip.com/i/273373

Contents of this Issue

Navigation

Page 4 of 15

5 6. Collection of exposure values. RiskConsole helps energy firms compile, among other data points: a. Previous year values. b. Current year values. c. Asset value change and reason. d. Type of ownership. e. Whether exposure is on- or offshore. f. Precise location for geo-mapping risk intelligence. 7. Surety. Energy companies often assume legal responsibility for the fulfillment of another's debt or obligation and become liable if the other defaults. RiskConsole helps record and track bonds purchased. 8. Enterprise Risk Management. Energy risk managers are receiving increased boardroom attention from corporate governance, regulatory and audit perspectives. RiskConsole provides: a. A reliable method for recording and consolidating key risk controls. b. Full audit and control. c. Identification of changes between reporting periods. d. A customizable score matrix and risk categorization to their business processes. e. Simple integration of risk factors across the enterprise. How can RiskConsole strengthen your energy company's risk and insurance program?

Articles in this issue

Archives of this issue

view archives of Ventiv Technology - Energy Sector Solutions