Governance, cybersecurity, compliance, business continuity, and the personal liability of board members and executive management: The list of issues concerning brokers and their corporate clients is growing. What many SMEs lack is a pragmatic and affordable solution to these challenges. The Swiss platform riskAware aims to close this gap and is announcing a relaunch, new clients, and new partnerships.
Risk management faces an uphill battle in many small and medium-sized enterprises (SMEs). People know they should have a risk management system in place, yet they keep putting it off because it sounds like a lot of work, consultant days, and thick binders. At the same time, regulatory complexity and expectations for documented corporate governance are on the rise. Anyone serving on the board of directors is personally liable, regardless of whether a risk register exists or not.
New Look, Clearer Message
In recent months, riskAware has made further improvements in several areas. The website has been completely redesigned and is now consistently geared toward small and medium-sized enterprises (SMEs): It shows how risks can be systematically identified, assessed, and managed without unnecessary complexity. The focus is on responsibility, liability reduction, reputation protection, and sustainable corporate governance, in other words, the very issues that actually keep executives up at night.
A Dashboard as a Management Tool
The technical solution has also been expanded. The cloud-based risk dashboard records risks and measures in a structured manner, displays them in risk matrices, and supports the tracking of approved measures. This allows board members, executive management, and brokers to see where the company stands at any given time.
The ambition behind this is remarkably bold: risk management should not be viewed as a mere formality, but rather as a tool for corporate governance. Whether this succeeds, however, is not determined by a dashboard. A risk matrix shows what someone has entered. Assessing what really matters and deciding what to do about it remain the responsibility of the people around the table.
Why Brokers Take Notice
According to the company, demand for the riskAware methodology and platform is growing, and with it, its customer base. It’s interesting to note who is showing interest: increasingly, the brokers themselves. Those who conduct a structured analysis of a client’s risks can design insurance solutions more precisely, identify gaps in coverage, and derive preventive measures. Risk management is thus evolving from a purely compliance-related issue into a consulting tool and a selling point in a market where simply comparing premiums is hardly enough to set a provider apart anymore.
The broker remains in the lead
Another growth driver is new partnerships with brokerage firms, consulting firms, and specialists. These partnerships are designed to bring together expertise, digital tools, and personalized advice. The roles are clearly defined: riskAware provides the methodology and platform, while consulting and customer service remain the responsibility of the broker. This white-label and partnership model gives brokerage firms the opportunity to expand their consulting services without relinquishing control of the client relationship.
What’s Next
Development is not yet complete. Additional features, industry-specific solutions, and new partnerships are in the works. The goal remains the same: to make risk management simple, understandable, and effective for Swiss SMEs. Those who identify risks early and actively manage them lay the foundation for sustainable success. The tool for doing so is becoming simpler, but you still have to keep a close eye on things yourself.
Guest Post by La Bella Consulting
Read also: “The broker becomes an entrepreneurial risk manager for SMEs”
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