Risk assessment

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Risk Assessment of land cargo transport, intermediary positioned warehouses, and carriers.

Risk assessment of cargo transport and carriers seeks to identify the levels of exposure to risk of the goods in transit or while they are stored in intermediary positioned warehouses.

The assessment is conducted using a risk matrix developed by ARM Services which, through risk weight indicators, shows the level of exposure to theft or robbery.

Services for Transport Companies
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Added Value

Our assessment allows us to pinpoint improvement opportunities in a “non-technical” format and language. It reduces exposure to risks, making transportation safer, more secure and more predictable.

The assessment outlines the characteristics of the operation logistics by analyzing the cargo being transported, the transits, the location of the goods, the vehicles and drivers involved, and the organizational characteristics of the cargo shipper and its logistics operator/carrier. It also helps us make better informed decisions regarding risk prevention, reduction and control, and it enables us to develop effective Risk Management Programs (RMPs). Risk assessment involves analyzing the security measures required by the insurance companies and redefining them with a view to optimizing resources and the security services provided.

Robbery / Theft - Own damage

Stock Throughput (STP)

Our proprietary matrix, AssessRisk®, analyzes the exposure to risk in relation to different root causes:
  • Facilities
  • Stocks
  • Locations
  • Organization (operational structure, protocols/processes/procedures)

Additionally, if the risk of cargo in transit is covered, factors such as drivers, carriers, vehicles and transits are also assessed.

Each root case is evaluated in terms of different sources of loss (own damage and/or robbery or theft), and recommendations for improvement are made for each area:

  • Static security: facilities
  • Logistics security
  • Vehicle security
  • Satellite and/or physical security
The assessments help identify and assess the exposure to risk due to fire, smoke, contamination, dents, water, humidity, fall, decay and in general any damage to the product and/or its packaging; also, whenever relevant, the exposure to theft/ robbery is also assessed. We conduct all the above by analyzing the risks to which the product may be exposed and recommending the measures and/or actions that may mitigate the risks in terms of frequency and/or severity.

Advantages of our STP Analyses

  • Provide a technical opinion (readable by a Marine underwriter) about the quality of the risks. Visualize hidden risks.
  • Promote continuous quality improvement of the risk assessment process.
  • Minimize uncovered risks by maximizing access to better conditions within insurance policies.
  • Comply with national and international standards and legislation

Risk Matrix AssessRisk®

The first risk matrix developed to support the risk assessment and underwriting processes, providing us with a proprietary tool to pinpoint improvement opportunities.
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Exclusive Matrix (AssessRisk®) to identify risks

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