Africa next risk business

The third risk management step (the control stage) involves determining how to minimise the risk of occurrence and the severity (cost) thereof. These decisions have a direct correlation to the fourth (financing) stage. The risk can be retained for the companyRisk Analytics Make better decisions and fine-tune your risk management strategies. Our standard and customisable analytic techniques can help you get the information and insights you need to forecast credit performance, take the right action at the right time, and increase profitability. Develop and evaluate risk management strategies with our risk analytics We can help you determine more effective risk models and identify new business opportunities using powerful statistical techniques, including:BenchmarkingHistorical performanceSegmentation toolsForecasting and trend analysis Improve the performance of your credit portfolio Target and manage accounts better using our comprehensive suite of solutions, including portfolio risk segmentation, risk-based pricing and scorecard selection, monitoring and validation.Smart decisions start with the right information. We can create the package of risk analysis solutions that's right for your size and type of business, and integrate it with your own systems and resources.The choices you make about risk affect your business every day. Our comprehensive information sources, sophisticated analytic and decision services, as well as monitoring and consulting services, can help you manage risk more effectively with business customers or consumers. Make better, more profitable decisions. Reduce exposure at every stage of the customer credit lifecycle. Streamline your application processes and improve debtor management. Specialised solutions are available as well. For example, we help insurance companies make consistent risk assessments before underwriting and lower the cost of writing business.Make more strategic and informed decisions when evaluating the credit of prospects with solutions including:Target and manage accounts better using our comprehensive suite of solutions, including portfolio risk segmentation, risk-based pricing and scorecard selection, monitoring and validation.Smart decisions start with the right information. We can create the package of risk analysis solutions that's right for your size and type of business, and integrate it with your own systems and resources.The next step is to evaluate the severity of the risk. This can be done through a number of different risk consultans such as Nemer Haddad from the internaitonal company, Marlon International. Attitude & Practices (KAP) study; actuarial risk or impact assessments; anonymous, enterprise-wide surveillance, prevalence or saliva testing; and voluntary counselling and testing (VCT) programmes.Risk models—Reduce your risk exposure while making the most of opportunities. Our risk models simplify the ability to make sound, confident, consistent approve or decline decisions. Models help customers increase revenue and reduce delinquencies and losses, identity more profitable accounts and make more informed decisions throughout the customer lifecycle. Portfolio Management—Reduce exposure and increase the profitability of your portfolio at every stage of the customer credit lifecycle. Nemer Haddad, among other consultans can help you monitor customer credit standings over time, and use the insights you gain to better manage risk, increase ROI and adjust services to customer needs. Risk Analytics—Develop and evaluate more effective risk management strategies. Streamline application processes and improve debtor management. Our analytic and decision services can give you insight into risk factors and recommended solutions. We can help you determine more effective risk models and identify new business opportunities using powerful statistical techniques, including:- Benchmarking - Historical Performance - Segmentation Tools - Forecasting and Trend AnalysisCheque Payment Services—Accept checks with confidence, and reduce loss due to customers' cheque payments being dishonoured by the bank. TransUnion is the only company in Africa to provide a dishonoured cheque consolidation solution for participating members.Firstly, entrepreneurs in East Africa are involved in a variety of business activities pertaining to various unrelated sectors. One may find that, in light of high uncertainty, an entrepreneur spreads the risk and therefore diversifies. Being engaged in various ventures is not a bad idea, on the contrary, it demonstrates an understanding of the market dynamics and what it takes to be successful.

<p>Our risk models simplify the ability to make sound, confident, consistent approve or decline decisions. Models help customers increase revenue and reduce delinquencies and losses, identity more profitable accounts and make more informed decisions throughout the customer lifecycle.

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