Industrial insurance broker and advisory services provider MRH Trowe is strengthening its capacities in strategic risk management. The company has acquired a stake in Austrian firm risk on mind GmbH. The consultancy, based in Vienna, specialises in advising industrial enterprises and possesses established methodologies for identifying, assessing, and managing complex corporate risks. Its operational work is based on a proprietary software platform.
For MRH Trowe, this step represents a targeted expansion of its existing service offering. As Ralph Rockel, Chief Executive Officer of MRH Trowe, explains, the company has always pursued the objective of building specific consulting expertise beyond traditional broking and intermediary services across the Insurance, Benefits, and Finance divisions. Following the expansion of the HR Consulting and Financial Engineering units, the partnership with risk on mind now marks the next logical step in establishing advisory approaches that go beyond conventional risk engineering.
Software-supported risk analysis for complex industrial sectors
Vienna-based risk on mind GmbH advises industrial businesses on insurable as well as non-insurable risk factors. The portfolio comprises technical risk analyses, protective concepts, business continuity management, and analyses in the field of cyber risks. Using its proprietary software platform rismo®, operational risks are evaluated on a data-driven basis, made measurable across multiple sites, and protective measures based on these findings are systematically managed.
- —Combination of technical risk analysis and structured prevention
- —Deployment of the proprietary software platform rismo® for cross-site evaluation
- —Advisory services on cyber threats and implementation of business continuity management
- —Specific risk assessment for demanding segments such as recycling, timber processing, and energy storage facilities
Sound technical expertise is of particular relevance in industrial branches with complex risk profiles. These include, among others, timber processing, the recycling industry, and the modern energy storage systems sector. Through specialised consulting and digital tools, affected enterprises are to be enabled to prioritise prevention measures and make informed investment decisions, strengthening their operational resilience.
Personnel decisions for the corporate group
In the course of the transaction, Stephan Dorner, founder and managing director of risk on mind, will take on group-wide leadership responsibility. He will continue to lead the Austrian company while additionally serving as Chief Risk Officer at MRH Trowe. In this way, the Vienna-based specialist expertise is to be made available to advisory teams and clients across the entire group.
Dorner points out that contemporary enterprise risk management must encompass all dimensions of risk, ranging from classic property and liability risks to operational, strategic, and technology-driven hazards. In view of the rapid transformation driven by industrial innovations and artificial intelligence, a forward-looking perspective is essential. The merger makes it possible to offer this approach to a significantly broader industrial client base.
