Impact Talk with Welser Profile

About Welser Profile:

Welser Profile is an international  family business with over 360 years of history in metal processing. It develops and produces high-quality, custom-made profiles and assemblies made of steel, stainless steel and non-ferrous metals for a wide range of industries – including construction, industry, automotive, energy and agriculture.

At five production sites in Austria, Germany and the USA, as well as in sales offices worldwide, the group employs 2,400 people and has already developed more than 25,000 different profile cross-sections. The company places great value on innovation, precision and sustainability and continuously invests in modern manufacturing technologies.

In conversation:

• Patrick Schütz, Welser Profile (Head of Real Estate and Building Administration)

• risk on mind – consulting team for industrial risk management

risk on mind:
“Mr. Schütz, two years ago Welser Profile approached us with a clear request: an independent, objective assessment of your entire risk portfolio. What triggered this at the time?”

Patrick Schütz:
“We wanted full transparency. The company has many technical areas, international sites and different requirements. It was important to us that a neutral partner assess our risk situation – without influence from internal perspectives or expectations from third parties such as insurers.”

risk on mind:
“As part of our project, all sites in Austria, Germany and the USA were visited. The goal was to create a company-wide, objective risk picture.
What did this overall view mean for Welser Profile?”

Patrick Schütz:
“A great deal. Through the maximum loss analyses and by looking at our core risks, we received for the first time a consistent, comparable and reliable risk profile over the entire company.
Today we can clearly see:

• Where the real risks lie,

• which measures are effective,

• and where no additional investments are necessary.

This distinction is crucial – both economically and organizationally.”

risk on mind:
“Exactly that is the point: protection where it is necessary – and no excessive measures where they bring no added value. How has that shown up in practice?”

Patrick Schütz:
“Very clearly. The investments originally expected were in the millions. Through your neutral risk analysis, it became clear that a large share of our risks was already well protected.
We are now investing selectively.
This clarity gives us two advantages at once:

1. Economic efficiency,

2. and a significantly more attractive profile in the insurance market.”

risk on mind:
“After completing the analysis phase, we began together to define concrete protective measures, tender them and obtain offers, so that exactly what is technically required is delivered – no more, but no less.
How are you experiencing this phase?”

Patrick Schütz:
“As very structured. The specifications are clear, the requirements are derived clearly, and all parties involved know what it is about. That makes collaboration with suppliers easier and ensures that we receive the right solution in a targeted manner.”

risk on mind:
“Finally, one more question: What is the most important added value of this collaboration for you personally?”

Patrick Schütz:
“Quite clearly the transparency.
We now have a solid basis for decisions – not only for investments, but also for future planning, site development and insurance strategies.
risk on mind is the partner for us that perfectly combines technical expertise, independence and pragmatism.”

risk on mind conclusion:
The project with Welser Profile shows how objective risk analyses, realistic loss assessments and consistently implemented risk engineering lead to clear decisions – with economic benefits and increased attractiveness in the insurance market.
A strong example of how risk management should work today: transparent, fact-based and practice-oriented.