Risk management is to mitigate risks exposed to Great Health Insurance. Doing so, daily operations are performed more smoothly. Less cost of maintenance is needed. Revenues are more stable as financial risks have been mitigated. Cash inflows and outflows will vary within the acceptable ranges. This leads to less volatility of net profit. The company’s growth will be gradual but sustainable. Reliability turns out across the stakeholders.
Shareholders are beneficial through increase in share prices due to reliability and growth of the company. Policyholders are delivered with complete benefits as stated in their contracts. Employees are more comfortable with better working environment. During the meantime, they can expect higher compensations as a result of better company’s performance. Payments are made to creditors on a timely basis as the company maintains enough ability to pay.
As various kinds of risks emerge around, risk management is not only about reducing their impacts, but it provides benefits to all stakeholders of Great Health Insurance.