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Why ERM often fails to add value to decision-making
Put aside the aside the risk register, stop focusing on operational processes, harness the relationships you have throughout the organisation – the steps to ensure ERM is focused on the future and supports decision-making, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights
Does the Notre Dame blaze mark a failure in risk management?
The fire all but destroyed the roof of the 850-year-old building and felled its spire, to the dismay of thousands of horrified onlookers who lined the streets of Paris. Risk managers in France and across Europe ask, could the disaster have been prevented by more effective risk management?
The future is in the ‘radical risk management process’
Risk management is a mental process, not a technical one of data gathering, evaluation and reporting. Those who do nothing will just be exploited by those who constantly change and improve. So, swap tradition for a four-tiered ‘radical’ risk management process, writes Horst Simon of Risk Culture Builder
Brexit deadline extension could cost firms big
For Carl Leeman, the chief risk officer of logistics firm, Katoen Natie, Brexit plans for his business are underway. But he warns that the extension, while better than no deal, will significantly bump up operational costs for most companies
How the Prysmian Group is preparing for a hard Brexit
Supply chain and business interruption are some of the challenges that Alessandro De Felice, chief risk officer at the Prysmian Group and Ferma board member, is trying to mitigate as he prepares his business for the UK’s departure from the EU
Traditional risk management versus ERM
Traditional risk management is a one-dimensional view connected to assessing insurable risks; and ERM can help peel back the onion layers to additional dimensions of risks. So how do we go beyond one-dimensional risk assessment? Carol Williams, enterprise risk management consultant and founder of ERM Insights, has this advise
Finally, an effective alternative to risk matrices
Alternatives to risk matrices have been around for decades, the question is why aren’t risk managers using more effective methods? Alex Sidorenko, chief executive of Risk Academy, outlines the steps to enhancing the use of matrices
Four ways to tell your ERM programme is successful
Support from leadership, the role of the strategic partner, impact on organisational culture and ideas turned into value – are some of metrics of a successful ERM framework. But what do they mean? Carol Williams, enterprise risk management consultant and founder of ERM Insights by Carol, tells us more
Businesses at risk from surge in populism and far-right terrorism
A surge in support for populist politicians and an uptick in the number of attacks by far-right terrorists have created an increasingly complex risk environment for firms, according to Aon.
Re-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
How 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
In partnership with 
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
Re-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
Why we’re taking our #ChangingRisk campaign to the Wildside!
We want our #ChangingRisk campaign to inspire you to rethink old practices, push past common misconceptions and help elevate risk management to its full potential. Be part of the change
Take flight
When it comes to risks, the only constant is change. We have launched the #ChangingRisk campaign 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.
We need to take risk management back to the shop floor
The idea that risk management was ever just the job of the risk manager is madness. And we shouldn’t just be selling that message to the C-suite but to every employee, so they feel responsible for risk management. The co-chief executive of RiskTalk, Kurt Meyer’s message for #ChangingRisk
Is the three lines of defence dead?
Mission Australia’s general manager, enterprise risk and assurance, Andrew Methven, has joined our #ChangingRisk campaign by sharing his thoughts on why 3LOD is fine as a conceptual model but is very difficult to actually make work
Risk leaders
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.
How Patrick Smith is managing Deliveroo’s intangible risks
Much more than a food delivery service, Deliveroo serves up vast amounts of big data – and fresh new risks – daily. It relies on business resilience leader Patrick Smith to stay creative.
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.
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Guides
Autonomous vehicles: logistics transformed
Autonomous technology is transforming many industries. Transportation and logistics already pose complex risks for risk managers and insurance buyers. For autonomous vehicles the logistics sector will be in the vanguard of change. In association with AIG
