AXA MATRIX Risk Consultants
2-4, rue Jules Lefebvre
75009 Paris - France
contact@axa-matrixrc.com
Phone: (+33) 1 56 92 88 00
Fax: (+33) 1 56 92 88 01
Local offices worldwide:
Brazil - Canada - China - Dubai - France & Benelux
Germany - Hong Kong - India - Italy - Malaysia - Mexico
Singapore - Spain - Switzerland - United Kingdom - USA
www.axa-matrixrc.com
Automotive Sector Practice - 03/2015 - AXA Corporate Solutions - Service Communication Externe - Photos : Fotolia - impression: Reprographie
Risk Consulting
Tailored Solutions for
the Automotive Industry
”The entire AXA Matrix Risk Consultants staff
has proven to be critical partners with our risk
management team. They are fully committed to
working with us to provide quality property loss
prevention services at our facilities. They consistently
provide proactive solutions in a timely and
professional manner.“
AXA MATRIX Risk Consultants
Automotive Sector Practice
Global Risk Manager of a US -based worldwide supplier of
powertrain components for the automotive industry
Risk Management in the Automotive industry* is more important than ever. Automotive
sales and production demographics are undergoing rapid change. The Automotive market
is highly competitive and demands innovation, efficiency and performance (pricing and
delivery time). At the same time operational risks are increasing as a result of a shifting
global economic balance, natural catastrophes, supply chain risk factors and geopolitical
factors. Increased media attention on losses or regulatory violations can pose significant
brand impact. Comprehensive and pragmatic attention to risk is critical.
*Automotive Industry includes Automobile, Truck and Bus manufacturers, Agricultural vehicles, as well as designers, producers of Automobile component parts and operational
systems
Relevant automotive industry insights
AXA MATRIX Risk Consultants delivers well-informed
insights into this important trade sector. Recent examples
of our automotive industry practice are as follows:
1. In Italy, we redesigned the vulnerability grading system
and algorithm according to the needs of car making industry.
Severity (Loss Expectancy) is calculated taking into account
internal interdependencies (e.g. between components/
engines/mechanical plants and car assembly plants) and
a dedicated study has been launched to evaluate Business
Interruption with the main external suppliers.
5. In Germany, we worked with a Logistics customer
that delivers and stores component parts for large
automotive manufacturers. Our client is potentially liable
for manufacturer’s production losses arising from parts
delivery interruptions. We conducted a comprehensive failure
mode analysis, manufacturing system review, and detailed
product risk analysis. As a result we delivered highly focused
recommendations to reduce the frequency and severity of
product liability and business interruption potential.
Lighting
4%
Safety Devices
15%
Engine/exhaust
7%
fire protection and prevention procedures. This includes
overview of new assembly plant projects in several European
countries (Russia, Slovakia, etc.) where complex local fire
regulations exist.
Other
15%
Steering
7%
Electronics
7%
3. In the USA, we have assisted a customer compare, allocate
and contrast sites using our ISORISK/Vulnerability/Severity
rating system. This benchmark has allowed the client to be well
prepared for insurance renewals, prioritized recommendations
and effectively integrate existing, new and acquired sites.
In Brazil, we investigated backup possibilities for a fuel
injection plant to minimize the overall group risk profile. This
study involved analysis of information collected at several
plants and considered the type of injectors, compatibility
with production models, production levels versus capacity
availabilities, etc. We consolidated this information at the
corporate level and validated plant characteristics which
allowed the client to significantly reduce Business Interruption
exposure.
Drive Line 2%
Fuel System
5%
2. In France, we created client specific standards to improve
4.
A/C
3%
Brakes
13%
Body
11%
Chassis
11%
Source: German Federal Motor Transport Authority (2012)
Automotive Industry Product Recall by component
6.
In China we conduct product liability and product recall
risk analysis and evaluations for local automotive clients.
This analysis examines quality management systems, export
agreements, labeling, and potential for misuse not only locally
but also internationally. We recently worked with an automotive
client and provided specific product based recommendations.
No claims or reports have been recorded since that time and
the client is better protected and prepared against future
claims.
Identification of industrial locations exposed to flood in Paris. This tool visually identifies specific risks and risk accumulations.
Who we are
AXA MATRIX Risk Consultants maintains a unique and
industry leading Automotive Sector Risk Consulting
practice. We enjoy business relationships with more than
100 automotive manufacturers and suppliers around the
world and provide the following types of consulting services:
1. Property risk consulting to assist our customers to
reduce the probability of property damage and business
interruption losses, minimize the severity of any such losses,
and ensure the continuity of business operations. This is
delivered by experienced teams with a deep knowledge of
automotive industry.
2. Casualty risk consulting to reduce vulnerability, promote
a group risk culture, support the commercial business
strategy and develop processes and behaviors that result
in tangible impact and reduction of total risk costs.
3. Natural catastrophe analysis of customer sites worldwide,
from overall analysis to specific site study. Visio@risk is the
dedicated tool supporting our technical expertise.
4. Custom training modules for corporate or local levels.
Ability to deliver training modules for multiple countries and
languages.
AXA MATRIX Risk Consultants strives to
answer the following questions :
How do customer risks relate to customer business
priorities and trends?
What exposures and constraints do customer entities
face locally?
How can we leverage and apply effective local or
regional solutions?
How do these risks impact the corporate risk
management strategy?
What is the required investment to control the risks?
And quantified benefit?
How do specific Risk Control actions and strategies
impact the customers overall risk costs and risk
profile?
How do we include our trading and service partners
to develop the most pragmatic and cost effective risk
approaches?