OneDigital Launches RiskIP: A New Integrated Risk Management Framework
OneDigital, an insurance brokerage and HR consulting firm, has launched RiskIP, a new risk management framework designed to help organizations proactively manage risks beyond traditional insurance coverage. The proprietary Issues-Implications-Interventions methodology enables companies to identify emerging exposures that standard insurance reviews often miss, assess their financial impact, and prioritize actions to mitigate them before losses occur. RiskIP shifts the focus from merely financing risk through insurance policies to addressing operational, strategic, and financial issues driving those risks. It is intended to provide a structured approach for reducing overall risk exposure across various sectors including construction, real estate, architecture, engineering, and medical liability. Amanda Shults of OneDigital emphasized that this framework helps connect dots between different business areas where traditional siloed approaches fail. Unlike conventional insurance placement processes, RiskIP formalizes a discipline aimed at actively managing and reducing risk exposure regardless of the insurer or product used.
