Analysis – Page 8
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AnalysisLet’s make every decision risk-based
Risk management isn’t about creating risk policies or appetite statements, it is about changing how business decisions are made, says Alex Sidorenko, CEO of Risk Academy. That’s why he has launched Risk Awareness Week, to challenge and change perceptions
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AnalysisThe 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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AnalysisThree easy steps to ensure an optimal outcome for enterprise risk management
You have been asked to meet a deadline to accomplish a given goal for enterprise risk management in your organisation. What is the first thing you do? Carol Williams, enterprise risk management consultant and founder of ERM Insights
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Analysis16 essential questions to ask for effective scenario planning
Scenario planning can help executives better understand the impacts of new goals and objectives set out in the organisation’s strategic plans. Here’s how you can optimise your scenario planning, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights
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AnalysisTop 10 tips for building risk culture
Identifying, analysing and dealing with risks is against human nature. The sooner we accept this, the easier it will be to integrate risk management into decision making, writes Alex Sidorenko, chief executive of Risk Academy
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AnalysisTop risks: a consolidated analysis
We are bombarded by numerous reports of the top risks to companies now and in the future. But what do they really mean for risk managers? Gabriel Souza, risk management specialist takes a detailed look at six risk reports and has this analysis
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AnalysisWhat should your risk function deliver in the 2020s?
The 1990s was the decade of training. Then came the decade of assuring, when audit drove the risk agenda. This decade, companies have developed a “look forward” culture, but what should the next decade in risk bring? Bryan Whitefield, risk consultant, has this answer
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AnalysisAre risk managers becoming more strategic?
Airmic’s annual survey points to a more qualified profession with greater ambitions to support strategic decision-making. But how can they realise this ambition? StrategicRISK takes a closer look at the story behind the statistics
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AnalysisGlobal tensions place risk managers in a bind
A growing tension between global markets - that are reliant on the removal of barriers - and local politicians - insisting on building walls - has backed risk managers into a corner, according today’s ‘new world challenges’ panel debate
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AnalysisWho to see and what they’re saying at Airmic 2019
AIG, stand: 29-30 Who will be there? AIG has a team of experts from across the business to provide attendees with access to a broad range of specialists, including, Jon Gregory, global head of kidnap & ransom and crisis solutions, who presented on the topic, No crisis ...
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AnalysisCrisis management 101
If we asked each company how their crisis plans are structured and managed, we will likely see inconsistencies, out-of-date procedures; ill-prepared stakeholders, says Gabriel Souza, risk management specialist. Here’s his advice
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AnalysisWhy insurance companies are failing to deal with emerging risks
Better training, staffing strategies and adapting product development are three effective methods to mitigating emerging risks, says the Cambridge Centre for Risk Studies
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AnalysisFerma launches new manifesto promoting sustainability, education and digital transformation
On “Europe Day”, Ferma has launched a new manifesto outlining the key risk management priorities for the upcoming European elections
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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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AnalysisRe-think, Enable, Execute – a modern approach to risk management
It is time to re-think what you are doing to optimise risk, add value and get business rewards. If your focus is on control and mitigation, you will just take less-and-less risk and the result is less-and-less reward. This is Horst Simon’s of Risk Culture Builder rview for #ChangingRisk
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AnalysisHow would you risk-manage the Ethiopian Airlines crash?
Investigations are on-going as to what caused the disaster but what has ensued so far are a range of crisis risks, from reputational damage to share price loss. Risk managers offer their views on how they would lessen the impact
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AnalysisVirtual panel discussion: How to elevate risk management with risk-based decision-making
Our panellists – Alexander Larsen, Alex Sidorenko, Danny Wong, and Hans Læssøe – answer questions from the audience about how best to apply risk-based decision-making and overcome the challenges of board and c-suite engagement
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AnalysisHow you can achieve decision-focused risk management in minutes
Prudent risk management can take minutes and can be easily be scaled up, with the right approach, says Hans Læssøe, former risk manager of The LEGO Group
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AnalysisBrexit, uncertainty, and values at risk: the top five risk management lessons
There is no question that Brexit is a monumental case of either risk management or the lack of it. What, then, can my academic discipline offer to those embroiled in this frustrating combination of labyrinth and quicksand? asks Anette Mikes, professor at HEC - Université de Lausanne
