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Will cyber policies cover huge GDPR fines facing British Airways and Marriott?
The penalties come two days after British Airways was fined £183m by the Information Commissioner’s Officer for a separate data privacy breach
Everything you need to know about the G20 summit
In this must-read piece from Andy Gilholm, principal and director of Analysis at Control Risks considers the outlook beyond the G20 talks and considers some specific escalation risks including China’s planned “unreliable entities list”.
Risk-manage your EBITDA with transparency
Most executive decisions are made with the company’s EBITDA in mind. So, aligning your key risk indicators to your EBITDA will ensure that the risk department stands out. But achieving this isn’t always easy. Adrian Clements has this advice
Risk culture – creating clarity from chaos
Corporate toxicity, disruptive innovation and competition – can all be managed with strong risk culture set from the top down, writes Horst Simon of The Risk Culture Builder
Culture and trust in a complex and disruptive world
Disconnected risk culture (DRC), says Alan Hilburg, president, Hilburg Associates, is the single greatest threat to organisations over the next five years. Why? Failing to culturally connect multi-generational and multi-cultural workforces has created a global crisis of distrust within organisations - and historic levels of risk.
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Beyond a one-stop shop
The pitfalls to buying business travel insurance for employees are plenty. But insurers have taken note and are offering blended but robust and bespoke coverage, says Ian Robinson, head of UK personal insurance, AIG
In tech we must trust
No matter how sophisticated, security technology only keeps people safe if they use it. How do you ensure staff engage with the tech you develop?
Avoid a tug of war
HR and risk departments may both be seeking to protect employees from conflict overseas, but must beware the conflict among themselves
Build a security culture
How do you foster threat awareness and guard against complacency among your travelling workforce? We get the lowdown from Tess Baker, director at crisis prevention and response consultancy NYA – AIG’s service partner in crisis management
The rise of cyber terror
Terrorist groups targeting business and even governments with ransomware and data theft could wreak misery and mayhem. But there are ways to armour up
#ChangingRisk
We are trying to revolutionise risk
When it comes to risks, the only constant is change. We have launched the #ChangingRisk survey to find out how you, the industry, believe we can adapt, so that we remain most valuable and relevant in this rapidly moving business world. Here’s a preview of the results so far
Four changes risk managers must make if they want to make a difference
Risk managers need to change the way they view, approach and act on risk. There are no quick fixes, just a hard process for #ChangingRisk, writes Hans Læssøe, principal consultant at AKTUS and former risk manager of The LEGO Group
Risk managers need to be brave and reach the next level
Airmic board member and risk manager for BT Tracey Skinner explains why risk managers need to talk to as many people as possible and not be blinded by their jargon
Valuing intangible assets
Data has an intrinsic value but how do insurers value an intangible asset? James Tuplin from AXA XL explains.
How to upgrade your risk management
As part of our #ChangingRisk series at Airmic 2019, Julia Graham, deputy chief executive and technical director at Airmic says risk managers must upskill on communication and storytelling and broaden their knowledge to gain the eyes and ears of the c-suite and the board
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Fast track to rail innovation
Advancements in train travel are notoriously slow. So it is unexpected that railways could be the root of the first significant innovation in mass passenger transit in more than a century
Automating the high seas
The world’s first fully automated vessel is expected to set off on its first unmanned voyage by 2022 and that promises to be a good thing for the environment. But the innovation comes from an unlikely corner of the marine industry
Taxis: prosperity and pain
Ride-sharing apps like Uber have been both good and bad for taxi drivers. But the introduction of autonomous vehicles is likely to signal a bleak future for all professional drivers – and challenges for insurers
One-way ticket to a green future
Climate change concerns are fuelling a change in direction as air travel industry explores environmentally friendlier alternatives. The risks of such innovation are high, but the greatest risk of all is standing still
The Knowledge
Better decision making through risk visualisation
Alexander Larsen & Ghislain Giroux Dufort of Baldwin Global talk through how risk managers can use risk management as an effective decsion making tool.
What would be the ideal indicator/parameter to measure your ERM maturity?
Are heat maps a blessing or a curse?
Should I be using ‘near misses’ in my risk management programme and if so, how are these best used/incorporated?
How should risk managers steer their company’s digital transformation strategy?
Where should risk management sit in the organisation?
The Journal
The Journal: Business interruption
StrategicRISK and Swiss Re Corporate Solutions launch the second edition of The Journal examining business interruption
StrategicRISK The Journal: Product recall
The first edition of The Journal examines product recall risk.
Risk leaders
Perception is king
A ‘stuffy’, ‘data-led’, ‘paper-driven’ profession is what some believe risk management to be. But it is a perception far from the truth, and Tim Murray, Airmic’s new chair, is on a mission to let everyone know what risk management really is about. Sara Benwell reports
The science guy
Smart technology while great for business are also increasing our exposure to cyber risks. But Airbus Defence and Space’s risk manager Philippe Cotelle says it’s not rocket science. His approach to cyber risk is influencing our entire industry. His first lesson? Make the tech guys your new best friends
Taking the temperature of risk
When Kurt Meyer took the job as head of risk and insurance for the swiss national grid, he had no idea that it would lead him to reshape the conversation around risk management.
‘We need to be agile in the way we look at risk’
Nor Adila Ismail, the long-serving chief risk officer at Malaysian oil and gas company PETRONAS, has taken an unconventional route to the top. She reveals what she has learned about the risk profession, and offers some advice to newcomers.
Bright young star
Risk managers all love a nice long risk document, right? Not so StarHub’s Nigel Tay. Meet the man bringing on-the-ground collaboration, agile process and even fun to corporate risk management. Trust us, you’ll like him.