All Strategic Risk Global articles in Q4 2023
View all stories from this issue.
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Features
Spotlight on: the risks of doing business in china
Inscrutable new anti-espionage rules and opaque government processes set against a rocky COVID recovery and geopolitical tensions make risk management in China more crucial than ever. But it requires a creative approach and solid local connections. Trevor Treharne reports.
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Analysis
Risk analysis: What will 2024’s elections mean for businesses
Risk professionals need deeper supply chain understanding and to think about how growing political risks might manifest, to weather the storm ahead
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Analysis
Regulation watch: the proposed new terrorism rules for small UK businesses explained
A consultation has opened on new laws to make sure UK small businesses are better prepared for terrorist attacks. Here’s what risk managers need to know
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Case Studies
Case study: How Inpay built a brand new risk management function from the ground up
If you were given free rein to design your own risk function from scratch, what would you build? Dr Camila Witt at Danish cross-border payments company Inpay tells Sara Benwell how she met this ‘once in a risk manager’s lifetime’ opportunity
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Case Studies
Case study: How collaboration helped two CROs manage the Lindt Café terror attack.
When a café in Sydney’s central business district was under siege by a gunman, risk managers in the city rallied to assess the nightmare scenario and safeguard their staff. Trevor Treharne spoke to two who were on the scene.
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Features
Dealing with disaster: how to make sure your business is prepared for the worst
When catastrophic weather devastates businesses, insurance alone can’t – or won’t – be enough. Know your exposures and devise mitigation plans now, before it’s too late.
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Features
Spotlight on: GPS spoofing risks and what they mean for aviation security and supply chains
In an industry already burdened by a plethora of risks, from passenger safety to environmental concerns and geopolitical crises to fuel costs, the aviation sector has another area of concern – GPS spoofing. Trevor Treharne investigates.
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Case Studies
Case study: How Sandvik put its supply chain to the ultimate test
Relying on links across 150 countries to produce a very specific, high-quality product, Swedish engineering firm Sandvik’s supply chain is more high risk than most. Sara Benwell reports on how the company set out to uncover exactly how it would respond to disruption.
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Opinion
Regulation watch: navigating the framework for financial data access
FERMA’s head of EU affairs, Charles Low, considers the risk implications and potential of the Framework for Financial Data Access and why data sharing risk must be safeguarded
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Case Studies
Case study: why risk management must focus on people not plants
Adrian Clements describes his experience ensuring just-in-time manufacturing continued to meet its deadlines, despite multiple severe weather threats faced by plants within the supply chain
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Opinion
Fine-tuning corporate governance: putting risk management in the ESG fast lane
As companies start to recognise the importance of the ‘G’ in ESG, risk managers have an increasingly important role to play, says Volkan Can, enterprise risk manager of a global building materials company, and board member of ERMA, Turkey
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Features
Spotlight on: the three lines of defence model
As the risk management world promotes risk optimisation over control, and coordination over siloed thinking, have we outgrown the 3LoD model? Trevor Treharne asks industry experts where it’s time for a tactical rethink
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Special Reports
Special report: metals and mining risks
When Berkshire Hathaway Specialty Insurance (BHSI) commits to a market, it thinks long term – and the evolving and sometimes volatile metals and mining sectors are no exception. Matthew Gooda, underwriting manager for metals and mining, shares his insights on these complex, large-scale industries.
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Interviews
The mediator: Cummins’ risk manager Maggie Sun shares how she’s built bridges between risk philosophy and business needs
Maggie Sun has worked hard to embed risk into the DNA of Cummins, China. She spoke to Trevor Treharne about her latest challenge – finding the balance between mitigating risk and accepting that, sometimes, a little risk is a business necessity.
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Special Reports
How to manage people-risk and win the war for talent
The war for talent rages on as we continue to grapple with the post-COVID work landscape and fall out from the Great Resignation. At our roundtable, four risk experts shared how they attract and retain the best talent and future-proof against people-related threats.
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Opinion
SR Q4 2023: It won’t be lonely this Christmas
The risk manager can be something of a lone wolf in an organisation – operating alone, often misunderstood. Thankfully, risk managers know where to find each other. Here’s to another year of collaborating, supporting and learning from our fellow loners.
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Expert Views
Taken by storm - how medium-sized enterprises can use parametrics to tackle nat cat risks
Medium-sized enterprises (MSEs) play a vital role in our economy. However, these companies face unique challenges when it comes to risk management, particularly in dealing with natural catastrophes such as storms, flooding, or earthquakes.
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Opinion
Risk management as a practice and a profession needs to change – or become irrelevant
The articulation of risk management’s benefits and the way it is widely implemented and understood, is based on a fallacy, says Ben Cattaneo, founder of The Decision-Making Studio. Risk managers must evolve to stay useful.
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Expert Views
How data analytics and insights can help risk managers take control of their risks and keep the lights on
Too many organisations are operating in the dark, unable to clearly see the exposures they face. Adrien Norulak, head of risk analytics, at Swiss Re Corporate Solutions explores how better data collection, analysis and communication can help companies better manage their mitigation and insurance solutions.
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Features
Spotlight on: Fake news risks and how to tackle them
Easy to produce, hard to stop. Risk managers must monitor and be prepared to act quickly when fake news claims target their business