All Risk News articles – Page 91
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AnalysisRisk management systems versus risk management process
Process management achieves results through planning and system management manages various components that must work together to achieve an objective. Here’s how the two should work, writes Adrian Clements, international enterprise risk manager
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AnalysisForget about risk management – measure the likelihood of success instead
Risk managers should focus on enabling success rather than avoiding failure – and one way to do that is to quantify the likelihood of success. Alex Sidorenko, chief executive of Risk Academy, explains how
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AnalysisEconomic slowdown ranks as top risk for business
A slowdown in the world economy topped a list of risks facing global businesses, with reputational damage also front of mind for corporate bigwigs, according to a survey from Aon.
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AnalysisInsurers are covering reputational risk
For too long there has been a mismatch between the cover that risk managers demand and the policies that insurers are willing to provide.
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AnalysisBe part of the #ChangingRisk movement – take part in our qualitative study
Seven questions, 5 minutes – all that’s required to be part of the #ChangingRisk movement and have your say in our #ChangingRisk manifesto
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AnalysisHow not to fail like Debenhams
One of the UK’s largest chains of department stores fell into administration earlier this month, making it the latest in a series of high street failures. So we at StrategicRISK thought we’d ask, how can risk managers help their companies avoid the next big corporate failure?
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AnalysisStop thinking like risk managers and start thinking like the C-suite
As part of #ChangingRisk, I’d like more risk managers to report to the CEO, with board access. This means risk management can’t just be about evaluating risks, but about influencing the strategic direction of a company, says Gaëtan Lefevre, group risk and insurance manager at Cockerill Maintenance & Ingénierie
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AnalysisOptimise your risk management and make your actions decision-focused
As risk managers, we’re haphazard at application of decision-focused risk management because we don’t ask hard questions. No longer should we worry about the internal fallout of these questions and ask ourselves, how can we confidently challenge executives for more accurate outputs? asks Matt Livingstone, independent risk specialist
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AnalysisThe future is bright if risk managers embrace AI techniques
A new generation of risk managers will proactively seek out risk roles and careers; become the pioneers of new risk techniques through the use of AI; and become the c-suite’s go-to person. That’s the #ChangingRisk hopes for the future, according to Ferma’s Typhaine Beaupérin, and Gilbert Canaméras
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AnalysisWhy ERM often fails to add value to decision-making
Put aside the risk register, stop focusing on operational processes, harness the relationships you have throughout the organisation – the steps to ensure ERM is focused on the future and supports decision-making, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights
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AnalysisDoes the Notre Dame blaze mark a failure in risk management?
The fire all but destroyed the roof of the 850-year-old building and felled its spire, to the dismay of thousands of horrified onlookers who lined the streets of Paris. Risk managers in France and across Europe ask, could the disaster have been prevented by more effective risk management?
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AnalysisThe future is in the ‘radical risk management process’
Risk management is a mental process, not a technical one of data gathering, evaluation and reporting. Those who do nothing will just be exploited by those who constantly change and improve. So, swap tradition for a four-tiered ‘radical’ risk management process, writes Horst Simon of Risk Culture Builder
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AnalysisBrexit deadline extension could cost firms big
For Carl Leeman, the chief risk officer of logistics firm, Katoen Natie, Brexit plans for his business are underway. But he warns that the extension, while better than no deal, will significantly bump up operational costs for most companies
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AnalysisHow the Prysmian Group is preparing for a hard Brexit
Supply chain and business interruption are some of the challenges that Alessandro De Felice, chief risk officer at the Prysmian Group and Ferma board member, is trying to mitigate as he prepares his business for the UK’s departure from the EU
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AnalysisTraditional risk management versus ERM
Traditional risk management is a one-dimensional view connected to assessing insurable risks; and ERM can help peel back the onion layers to additional dimensions of risks. So how do we go beyond one-dimensional risk assessment? Carol Williams, enterprise risk management consultant and founder of ERM Insights, has this advise
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AnalysisFinally, an effective alternative to risk matrices
Alternatives to risk matrices have been around for decades, the question is why aren’t risk managers using more effective methods? Alex Sidorenko, chief executive of Risk Academy, outlines the steps to enhancing the use of matrices
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AnalysisFour ways to tell your ERM programme is successful
Support from leadership, the role of the strategic partner, impact on organisational culture and ideas turned into value – are some of metrics of a successful ERM framework. But what do they mean? Carol Williams, enterprise risk management consultant and founder of ERM Insights by Carol, tells us more
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Online onlyDon’t make tools the shop window in risk management
Traditional risk management tools are limiting the effectiveness of risk management and holding the risk management profession back, says Patrick Smith, managing director, Acumen Advisory.
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Online onlyAre we sleep walking into a crisis?
’This is the way we have always done it’ is the most dangerous phrase in modern risk management argues Warren Black, founder and principal, Complexus.
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AnalysisBusinesses at risk from surge in populism and far-right terrorism
A surge in support for populist politicians and an uptick in the number of attacks by far-right terrorists have created an increasingly complex risk environment for firms, according to Aon.
