Case study: Unit $2$ Risk Management in the Organisation

You are the senior partner in an independent Risk Management Consultancy. You have been approached by Mr Smith, the CEO of Imported Cars Motor Group PLC$,$ a large chain of motor dealers, involved in all aspects of the motor trade, with a chain of $30$ dealerships in all parts of UK$.$ They currently have a substantial insurance programme arranged through a well$-$established firm of insurance brokers. The average annual insurance cost per premises is $200,000.$

At a recent business conference, Mr Smith was introduced to the risk management concept. He has therefore asked you to submit to him a report setting out the case for Imported cars adopting an overall risk management approach to their business, and $$reduce their dependency on insurance$.$