Specialist insurer Ecclesiastical has launched a new risk maturity assessment tool to help organisations strengthen their risk management arrangements and become more resilient to the risks facing them.

The tool is free for any organisation to use and is intended to help organisations to understand where improvements need to be made to their risk management approach and enable them to put in place plans to achieve strategic objectives, effectively manage risks, maximise new opportunities and improve their resilience.

Organisations can register for the tool through the Ecclesiastical website and then complete the self-assessment tool to receive a report highlighting the organisation’s risk maturity score, ranging from developing, integrating, and embedding, to optimising. The report will also provide a bespoke action plan to move the organisation closer to the next level of risk maturity.

Sarah Pearson, head of enterprise risk management at Ecclesiastical Insurance, said: “There has been a lot of upheaval and uncertainty in the world in recent years, from the pandemic to economic instability and global conflict. In such a volatile risk landscape, having effective risk management arrangements is vital to help organisations to respond, adapt and evolve to meet priorities and deliver on plans.

“I am really pleased to be launching this new risk maturity assessment tool to support organisations in navigating this volatile new normal. We’ve developed it with risk management industry experts, and we believe it’s market leading, unique and will really help our customers. By working through the risk maturity self-assessment tool an organisation will be able to identify their current risk maturity levels and identify areas for improvement, making them more resilient and able to face emerging risks as they work towards achieving their ambitions.”

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