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A Risk Register is a Risk Management Tool commonly used in organisational risk assessment. It acts as the central repository for all identified risks and for each risk, includes information surrounding risk probability, impact, counter-measures, risk owner and periodicity for review. This register can regularly be considered at Risk Management Team meetings and updated as appropriate.
It acts as a practical reminder of the key risks you face and what you are doing about them. It provides regulators and insurers with a clear picture of your approach to risk management.
So what does your include and when was it last reviewed? Are you happy it covers everything?
Why not ask your local Legal Eye representative for some input and / or an overview of the document?
