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Brexit

Brexit, 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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Is 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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Assessing 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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Brexit, 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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Cyber 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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Challenge and change or be replaced by robots

2019-03-21T06:14:00+00:00

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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Risk managers can become facilitators to strategic decisions by taking these key steps

2019-03-20T16:30:00+00:00

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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Marsh owners issue further $1.1bn notes offering to acquire JLT

2019-03-20T09:17:00+00:00

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

All updates

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Brexit chaos spells trouble for risk managers

2019-03-18T12:50:00+00:00By Sara Benwell

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

new thinking in risk

A how-to guide on how to apply decision-focused risk management in practice

2019-03-18T04:31:00+00:00

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

Confusion

Why current risk definitions just don’t work

2019-03-15T07:00:00+00:00

‘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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Story 5- EV

Pain points of planning for medical assistance

Medical risk planning is not just a nice to have, it’s critical for business continuity and supporting employees

Story 4 - technology

Mobile apps: Risk managers’ new best friend?

Such new technology offers a 24/7 connection with employees abroad, streamlines the claims process, and can provide critical evidence in the event of an incident

Story 3 - HR

Create a one-team culture

Risk and HR departments have to put politics aside, break down the silos, and focus on delivering the best advice to their employees

Story 2 - crisis

Covering all bases

When trouble hits overseas, you need best-in-class incident response – and this requires a new, evolved type of insurance

Terror 1

Acting alone

An in-depth examination into the statistics of terror events uncover a clear and disturbing shift in terror tactics towards lone assailant attacks. Our best defence? Preparation, education, and thinking ahead

See more

#ChangingRisk

changingrisk 10

Challenge and change or be replaced by robots

2019-03-21T06:14:00+00:00

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

Capture

How I would change risk management

2019-03-13T22:01:00+00:00

#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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Let’s harness the future talent of risk

2019-03-12T10:02:00+00:00

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

Capture

How I would change risk management

2019-03-11T08:58:00+00:00

Gareth Byatt, principal consultant at Risk Insight Consulting and the Institute of Risk Management’s Asia-Pacific ambassador shares his views on #ChangingRisk

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Here to help, not hinder: shaping the future of risk

2019-03-11T08:07:00+00:00

Backlit by our #ChangingRisk campaign, we quizzed Katie Moore, Vodafone’s senior group risk manager and ever-popular resident foodie, on how she would shape our industry’s future and how to challenge the misconceptions about who we really are

Risk leaders

Adilia Ismail

‘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.

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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.

Patrick Smith

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.

Hans-Joerg Schill

Ever wondered how airports keep millions of passengers safe? Risk manager, Hans Joerg Schill, tells us how

Managing Fraport AG’s vast insurance operations, with its sky-high risks, is not a job for the faint of heart. Thankfully, managing director Hans Joerg Schill is always pushing the envelope

Karl_Davey_second_web

King of the road

Transurban’s troubleshooting guru Karl Davey exudes an air of calm and flexibility that helps him navigate all of risk’s diversions. With him at the helm, we’re all a little safer.

The Journal

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The Journal: Business interruption

2018-12-31T00:31:00+00:00

StrategicRISK and Swiss Re Corporate Solutions launch the second edition of The Journal examining business interruption

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StrategicRISK The Journal: Product recall

2018-12-18T03:40:00+00:00

The first edition of The Journal examines product recall risk.

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Guides

I stock 692837788

Autonomous vehicles: logistics transformed

2017-12-14T15:44:00+00:00

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