Analysis – Page 6
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Analysis
Hunting Black Swans
Benedikt Hintze, senior risk and insurance manager, Georgsmarienhütte Holdings shares thoughts on #ChangingRisk and his new book, ‘Insurance Manager Convinces Company Boss’
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Amazon fires explained: what are they, why are they so damaging, and how can we stop them?
Jos Barlow, Lancaster University and Alexander C. Lees, Manchester Metropolitan University place Amazon fires under the microscope
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Hong Kong protests highlight need for political risk focus
With tensions escalating in Hong Kong, StrategicRISK takes a closer look at the issue, advising risk managers to ’review and update their business contingency plans and crisis response protocols now’
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The Cathay Pacific breach: a lesson in managing data protection risks
In June, the aviation industry suffered one of the largest known data breaches in recent history when the personal data of 9.4 million Cathay Pacific passengers was compromised. Mark Parsons, Mark Lin and Byron Phillips from Hogan Lovells in Hong Kong unpick the lessons to be learnt
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Risk lessons you should learn from Kodak
Historic business failures present some cautionary tales for modern risk managers. In this piece, StrategicRISK takes a closer look at why some of the biggest names in history no longer exist and why.
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The risk manager’s job is no longer about risk defence
We are facing a paradigm shift. Risk management cannot be defensive anymore. Risk management must support the businesses and should be at the root of organisational strategy. Brigitte Bouquot, Amrae president and risk manager for Thales lays out her vision for #ChangingRisk
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Want to make a difference in risk? Try adapting your soft skills
Dealing with the c-suite is becoming one of the most critical components of a risk manager’s job. And to play a bigger role in #ChangingRisk in their companies, risk managers need to develop critical soft skills, says François Malan, chief risk officer at Nexity
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Analysis
How 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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Analysis
Does 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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Finally, 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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Let’s rethink the bow tie model so we can effectively articulate risk
Home in on cause and outcomes not incidents and risks, writes Tony Thornton, ERM and business continuity expert
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Cyber risks and business interruption top risk ranking as the biggest risks to corporates
Cyber and BI risks are increasingly interlinked as ransomware attacks or accidental IT outages often result in disruption of operations and services, costing hundreds of millions of dollars, warn AGCS on the launch of its Risk Barometer 2019
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Analysis
The Journal, 1st edition: Product recall
The first edition of The Journal examines product recall risk.
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Intangible risk a tangible threat
Do you know the value of intangible assets on your balance sheet? If not, read on. StrategicRISK spoke to EverEdge chief executive officer, Paul Adams to find out why this little-known risk could bring down your firm in a heartbeat.
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The rise of the intangible economy and how its risks have grown
Traditional businesses and start-ups are increasingly made up of intangible assets but how do you protect and risk-manage something you can’t touch?
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Analysis
Less than two-thirds of businesses worldwide are confident about their ability to manage risks to business growth
Confidence levels vary dramatically from 39% in the UK to 70% in Continental Europe as protectionist economic policy threatens to undermine companies’ international growth ambitions
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How Crossrail set the benchmark in construction risk management
Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with lead insurers Swiss Re Corporate Solutions and Zurich and broker AJ Gallagher. Colin Hamling, commercial and insurance manager, (December 2009-2016) tells us more
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In the wake of Grenfell, "we must all learn something"
Tougher codes and penalties are putting pressure on the building industry’s insurance cover, while raising questions over how far down the line liability should go
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Analysis
Carillion: “Recklessness, hubris and greed”
As a company, Carillion did practically everything wrong, yet its sudden demise has sent shockwaves through the business community. As regulators trawls through thousands of documents with a view to taking disciplinary action, the inevitable result is an intense scrutiny of directors and officers liability and transparency
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Analysis
Primark and Grenfell Tower fires: are risk managers taking their eyes off the ball with fire risk?
After 10 or 15 years of declining incidence of fires, two large-scale property fires in Europe attracted widespread attention because of the enormity of the damage. This begs the question, are risk managers resting on their laurels when it comes to traditional risks, focusing too much on emerging risks?