Risk Management Services
Risk Management Indonesia was founded in 1985 as a wholly-owned subsidiary of IBS Group, to develop and deliver a broad range of risk management services for our diversified customer base. A dedicated and specialist service that was not previously available in Indonesia.

Risk Management, as a discipline, is concerned with the application of multi-faceted techniques for the identification, assessment, control and finance of risk associated with a company's operations. A company's risk profile will normally include physical, financial, legal and operational risks, which may or may not be fully transferable, and the Risk Management program must be practically tailored to work efficiently within the company's commercial realities.

• The identification of major threats – Risk Analysis
• The measurement of identified threats by quantifying their potential severity and probability of recurrence or relative frequency – Risk Assessment
• The economic management of these threats through a tailored risk mitigation strategy. Techniques employed often do not require capital expenditure and may include elimination of dangerous work or production practices, socialization of loss prevention principles, targeted training, introduction of additional fire fighting and safety measures and improved housekeeping and inspection procedures – Risk Control
• The cost-effective transfer of that risk via insurance solutions or other financial vehicles or instruments, and the financing or allocation of reserves for retained risk – Risk Finance
• Ongoing maintenance of the strategies, principles, practices and financial protection developed to counter identified threats to the business, requiring an ongoing commitment of time and resources from company management – Risk Management

This disciplined and strategic approach to risk management enables IBS Group to provide advice on practical risk avoidance measures that can be introduced or adapted to enhance the safe and reliable operation of our clients' business, whilst maximizing risk reduction and production efficiencies.

IBS Risk Management Services Group employs a team of engineers, including one expatriate technical advisor, all domiciled in Jakarta and qualified in the disciplines of mechanical and chemical engineering.

On a daily basis we help business managers develop risk management programs which act as a practical yet fundamental element of their risk protection strategy, drawing on field experience gained by our engineers over many years.

Our engineers and surveyors work closely with IBS Risk Services personnel, conducting comprehensive site risk surveys to ensure that an accurate risk profile of our clients' business and exposures are communicated directly to the insurance underwriting market. This facilities a more practical approach by insurers and enables our service teams to obtain the most competitive rating of the risk available from the market.

In addition, IBS Risk Management Services Group is amongst the foremost claims consultancy providers in Indonesia, and specializes in assisting our clients to compile, prepare, submit and negotiate insurance claims with their respective insurers, loss adjusters and surveyors. We provide these services to IBS Group clients and non-Group customers alike, and are recognized as the leading expert in this field within Indonesia today.