All Strategic Risk Global articles in Q3 2023
View all stories from this issue.
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Features
How risk managers can lead the way on the transition to net zero
Sustainability requirements are constantly growing. A green transition demands the enterprise-wide purview of the risk manager to understand not only the risks but the opportunities along the path to net zero. Sara Benwell reports.
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Features
How to create a risk culture strategy that works
The benefits of a healthy risk culture may be well-understood, but how can risk managers establish where their organisation is on the spectrum of good to bad, and make measurable improvements? Sara Benwell investigates.
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Case Studies
Case study: how one exporter used risk culture to reduce operational, branding, financial, and market-related risks
An India-based SME experienced growing pains as demand for its products swelled. IRM’s Hersh Shah talks us through the rescue plan: a formalised approach to risk and a risk culture built on accountability and communication.
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Features
Research shows that prevention works when it comes to ransomware attacks
Just two years ago, ransomware was crippling organisations to the tune of millions of dollars. Today, risk management can cautiously celebrate, having reduced the severity and number of claims. But with a new wave of attacks likely around the corner, it’s not quite game over.
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Special Reports
Climate risk survey 2023 results: how to boost board engagement
Our 2023 climate change survey shows businesses taking compliance seriously but falling short on funding, let alone real action. Can risk managers light a fire under such tepid board engagement?
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Features
Gaining the power to change your risk culture
Our trio of experts share the steps they’ve taken to create a positive risk culture and how you can use these to embed risk into organisation-wide decision-making.
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Expert Views
Inside BHSI’s regional blueprint
EXPERT VIEW: In 2020, Berkshire Hathaway Specialty Insurance (BHSI) used its business blueprint to build a Manchester-based UK national team. Here its four leaders discuss the state of UK national business and how it has become both wanted and needed – by leaning in to serve customers through their most ...
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Case Studies
Case study: How Prysmian is integrating TCFD reporting into its ERM framework
A producer of cables for the energy and telecoms sector, Prysmian is embedded in the green transition. Internally too, climate risk is a central concern, says CRO Alessandro De Felice, as it continually develops new ways to integrate TCFD reporting into its ERM framework.
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Features
Plugging the risk management talent gap
Baby boomers are retiring, and with them goes their vast experience. But instead of welcoming in a new wave of ambitious young recruits, we face a skills shortage. How will the industry encourage the next generation of talent to come in and make this evolving role their own?
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Expert Views
Keep your eyes and ears open to move the needle on risk culture
EXPERT VIEW Riskonnect’s Claire Hopper has advice on how to build a culture where everyone incorporates risk considerations into everything they do – making sure they are always looking, listening and mitigating for potential problems.
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Special Reports
Special report: Climate change
Climate change is already here - so what now? Learn how organisations can start meeting the challenges head on and turn risks into opportunities
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Expert Views
A best practice guide to developing climate resilience
EXPERT VIEW: Climate change may already be here, but we can – and must – work ahead of time to map out our exposures for the impacts still to come. International SOS’s James Wood explores how to build climate resilience, through data analysis, assigning accountability and securing investment.
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Special Reports
Special report: Risk culture
Learn how to shape a positive risk culture that leads to more proactive risk assessment and better organisational decision-making.
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Expert Views
How risk and insurance managers can take control through engineering and international programmes
When international programmes and risk engineering go hand in hand, risk and insurance managers can truly take control of their exposures, say Philip Brandl and Reto Collenberg.
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Case Studies
Case study: how to overcome board resistance to integrate a risk management programme
The key to successful integration of your risk programme lies in the bonds you make at the executive level, says Darlene Halwas, a board member of Carbon Management Canada. Forming close ties, developing trust through transparency and being a source of help, means you have a voice on the board ...
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Editor's Letter
SR Q3 2023: Adapt or die
As the world of risk gets increasingly complex, there is a golden opportunity to elevate the profession beyond insurance buying, to strategic, value-adding, board-level ERM. Those risk managers who fail to step up and grab it with both hands may quickly become irrelevant.
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Features
Everything risk managers need to know about North Korea
North Korea’s combination of cloak-and-dagger unpredictability and positioning makes it a presence that is at best disquieting, at worst deeply alarming for risk managers in APAC and beyond.
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Analysis
Five ways boards can get better at anticipating and adapting to emerging risks
Only 23% of boards are classified as highly resilient, according to research from EY. Here’s how they can step up and help manage the risks that threaten the organisations they serve
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Features
Spotlight on: Health risks from gases released in lithium-ion battery fires
Fire is not the only danger with lithium-ion batteries. Here’s what risk managers need to know, and how to manage the threats
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Opinion
How to boost your company’s immune system with strategic risk management
Volkan Can, enterprise risk manager of a global building materials company, and board member of the Enterprise Risk Management Association of Turkey, shares his tips on how risk managers can operate more effectively to improve the health of their organisations.