All Risk News articles – Page 93
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AnalysisEverything risk managers need to know about Lloyd’s and its £1bn loss
“This performance is not of the standard that we would expect of a market that has both the heritage and quality of Lloyd’s and we are taking further actions,” says Lloyd’s chief
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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
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AnalysisIs our current thinking of risk management ineffective and flawed?
“ERM needs to be aligned with our company’s strategy”; “We must engage and clearly articulate risk to stakeholders.” These perennially used phrases aren’t untrue of risk management, but why don’t we say more, create more and aim to be multidisciplinary? asks Gabriel Souza, risk management specialist
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AnalysisAssessing the effectiveness of your risk management programme
In 2008, when FIs were in trouble, the UK banks decided to stop making loans. They brought their ‘risk appetite’ down to very low levels. But if their risk management programme had been assessed using the right criteria, could the situation be different? asks Norman Marks, renowned risk management author ...
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AnalysisBrexit, global trade wars, climate change, ageing populations and new technology: the five drivers to an unpredictable world
Business leaders believe that the world is becoming less predictable, posing a threat to revenue
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AnalysisCyber insurance to face another test after Hydro hack
One of the largest aluminium producers in the world, Norway’s Hydro, is set to put cyber insurers to the test after a massive ransomware attack shut down the multinational’s operations
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AnalysisChallenge and change or be replaced by robots
There is no greater ammunition for #ChangingRisk than the opportunities presented by new technology. We must use it to enhance and evolve risk management practices or we risk becoming obsolete, writes Philippe Cotelle, board member of Ferma and Amrae
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AnalysisRisk managers can become facilitators to strategic decisions by taking these key steps
To influence, risk managers must challenge the quality, prudence, and value of executive decisions, but many may feel untrained to do so. In this video interview, Hans Læssøe, principal consultant at AKTUS and former risk manager of The LEGO Group, walks us through the steps
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AnalysisMarsh owners issue further $1.1bn notes offering to acquire JLT
Marsh’s acquisition of JLT is expected to be finalised on 21 March subject to customary conditions and the new notes offering is in addition to a $5bn notes issuance announced in January
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AnalysisThree fatal mistakes corporate risk managers make
A new paradigm in risk management is beginning to take shape, with more professionals talking about a shift to risk-based decision making and culture. But this has also uncovered some ugly truths about how we apply risk management in our businesses, writes Alex Sidorenko, chief executive of Risk Academy
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AnalysisThe abuse of 'risk'
Risk can be a good thing – business survive and thrive on good risk management. But the problem is, because we have all been misusing the word ‘risk’, its true meaning is now lost, writes Tony Thornton, ERM and business continuity expert
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AnalysisBrexit chaos spells trouble for risk managers
As the Brexit deadline nears, uncertainty prevails after British MPs rejected the prime minister’s deal – twice. StrategicRISK gathers the reaction of European risk managers, including the chief risk officer of French pharmaceutical company, Ipsen, who has prepared the business for a ‘hard Brexit’. Sara Benwell reports
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AnalysisA how-to guide on how to apply decision-focused risk management in practice
StrategicRISK and Hans Læssøe principal consultant at AKTUS and former risk manager of The LEGO Group took to LinkedIn for a ‘live’ Q&A on how best to carry out decision-focused risk management. Here’s how our discussion played out
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AnalysisWhy current risk definitions just don’t work
‘Intangible’, ‘the effect of uncertainty on objectives’, ‘likelihood’, ‘probability’, ‘consequence’, and ‘impact’ – do these perennially-used terms add clarity to risk management practices or do they just dilute and confuse what we do? asks Tony Thornton, ERM and business continuity expert
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AnalysisEthiopian Airlines crash broker and insurer named
Ethiopian Airlines Flight 302 crashed shortly after take off, south of the Ethiopian capital Addis Ababa on Sunday, killing 157 passengers and crew. StrategicRISK is placing the crash under the microscope and will be investigating further. Here’s what we know so far
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AnalysisHow I would change risk management
#ChangingRisk requires a greater reach. The risk manager’s role? To educate the board, the c-suite and decision-makers on how to apply risk management to strategic decision-making, says Alex Sidorenko, chief executive of Risk Academy
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AnalysisWhy the whole concept of risk appetite is nonsense and how to change it
The concept of risk-appetite has been around for years, yet so many risk practitioners still find themselves confused and unsure how to quantify, formalise and document it. Well, the short answer is you don’t need to. There is a better way, writes Alex Sidorenko, chief executive of Risk Academy
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AnalysisLet’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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Analysis(Mal)practices in the use of risk matrices: is there an alternative?
The effectiveness of risk matrices has long been debated with some questioning its value – so let’s assess other risk methods, including multi-criteria, writes Slawomir Pijanowski, risk management expert and consultant for Atos Consulting
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AnalysisLet’s harness the future talent of risk
A new generation of risk professionals will enter the profession with diversity of new skills and thinking. We need to harness and encourage their development so that together, we are #ChangingRisk for the better, writes Patrick Aubrey, risk manager for Turner and Townsend
