#ChangingRisk articles

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Data is the future of effective risk management

Traditional approaches to risk fail to resonate with senior managers, they are too “subjective” and ”anecdotal”. And if they dismiss risk management, it is because they lack understanding. So, the answer? We need to embark on #ChangingRisk with the use of data, says Danny Wong, CEO of Goat Risk Solutions

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The myths that hold risk managers back from making a difference at the top table

“I look after strategic risk and you look after operational risk”. When you place risk management into categories, you stop performing ERM and prevent yourself from helping the board make risk-intelligent decisions. Here’s Sarah Gordon’s (chief executive of Satarla) take on #ChangingRisk and influencing decision-making

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#ChangingRisk at GVNW 2019

We set up shop in Munich to discuss what needs to change to help risk management move up the risk maturity curve. Here, four risk managers at this year’s symposium give their impassioned views

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Less talk, more action

To transform risk management and ensure we are effectively #ChangingRisk, we have to “look in the mirror and ask, what can you do better?” says Alexander Mahnke, president of GVNW and CEO Insurance (Controlling & Finance, Financing) at Siemens

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No limits

Ralf Mareczek, vice-president, corporate insurance, Bertelsmann, on #ChangingRisk and thinking creatively to find alternative solutions

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Hunting Black Swans

Benedikt Hintze, senior risk and insurance manager, Georgsmarienhütte Holdings shares thoughts on #ChangingRisk and his new book, ‘Insurance Manager Convinces Company Boss’

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A structural and sustainable process

Matthias Beck, head of group insurance and risk management, Würth Group, discusses #ChangingRisk and the challenge of establishing good processes

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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

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A structural and sustainable process

Matthias Beck, head of group insurance and risk management, Würth Group, discusses #ChangingRisk and the challenge of establishing good processes

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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

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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

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What’s in a name?

While Juliet Capulet contested the value of ‘a name’ in William Shakespeare’s, Romeo and Juliet, a lot can, in fact, be achieved from changing a name, writes Patrick Smith, director of Acumen Advisory, and principal of Airmic Academy

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New world. New Solutions

We need to create two distinct and defined roles in risk management to drive new solutions in a changing world, writes John Ludlow, chief executive for Airmic

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Be part of the #ChangingRisk Community

We surveyed risk managers from across the world for their views on what needs to change in risk management. Here’s a preview of the results

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Aligning your enterprise risk management framework to the board’s strategic objectives

Risk leaders must uncover the linkages between uncertainty and strategic value levers to play their part in enhancing risk management and #ChangingRisk for better, writes Darren, Partner at ICG

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From transactional risk management to risk-based decision-making

For many, strategy is the realm of the heroic chief executive, but risk managers have an important strategic role to play. Here, Darren Munday, partner at ICG outlines his vision for #ChangingRisk

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What is strategy? That’s the question

Much has been written about the risk leader of the future, but there is less agreement as to how exactly this person can be strategic in their approach. Darren Munday, partner at ICG, gives us the ‘how’ and proposes a structured approach to horizon scanning, in our latest #ChangingRisk article

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The risk manager’s job is no longer about risk defence

We are facing a paradigm shift. Risk management cannot be defensive anymore. Risk management must support the businesses and should be at the root of organisational strategy. Brigitte Bouquot, Amrae president and risk manager for Thales lays out her vision for #ChangingRisk

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Be a better risk manager using coffee

How do you know what risks are top of mind in the business if you don’t ask everyone? Seek group enterprise and technology risk manager, Ben Agar says #changingrisk is impossible without these conversations.

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Want to make a difference in risk? Try adapting your soft skills

Dealing with the c-suite is becoming one of the most critical components of a risk manager’s job. And to play a bigger role in #ChangingRisk in their companies, risk managers need to develop critical soft skills, says François Malan, chief risk officer at Nexity

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Be part of the #ChangingRisk movement – take part in our qualitative study

Seven questions, 5 minutes – all that’s required to be part of the #ChangingRisk movement and have your say in our #ChangingRisk manifesto

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Stop thinking like risk managers and start thinking like the C-suite

As part of #ChangingRisk, I’d like more risk managers to report to the CEO, with board access. This means risk management can’t just be about evaluating risks, but about influencing the strategic direction of a company, says Gaëtan Lefevre, group risk and insurance manager at Cockerill Maintenance & Ingénierie

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The future is bright if risk managers embrace AI techniques

A new generation of risk managers will proactively seek out risk roles and careers; become the pioneers of new risk techniques through the use of AI; and become the c-suite’s go-to person. That’s the #ChangingRisk hopes for the future, according to Ferma’s Typhaine Beaupérin, and Gilbert Canaméras

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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

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The future is bright if risk managers embrace AI techniques

A new generation of risk managers will proactively seek out risk roles and careers; become the pioneers of new risk techniques through the use of AI; and become the c-suite’s go-to person. That’s the #ChangingRisk hopes for the future, according to Ferma’s Typhaine Beaupérin, and Gilbert Canaméras

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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

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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

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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.

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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

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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

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Challenge 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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Let’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