New thinking in risk | StrategicRISK Asia Pacific

SR Q4 2023: It won’t be lonely this Christmas

The risk manager can be something of a lone wolf in an organisation – operating alone, often misunderstood. Thankfully, risk managers know where to find each other. Here’s to another year of collaborating, supporting and learning from our fellow loners.

Risk management as a practice and a profession needs to change – or become irrelevant

The articulation of risk management’s benefits and the way it is widely implemented and understood, is based on a fallacy, says Ben Cattaneo, founder of The Decision-Making Studio. Risk managers must evolve to stay useful.

Spotlight on: Fake news risks and how to tackle them

By Trevor Treharne

Easy to produce, hard to stop. Risk managers must monitor and be prepared to act quickly when fake news claims target their business

Plugging the risk management talent gap

By Trevor Treharne

Baby boomers are retiring, and with them goes their vast experience. But instead of welcoming in a new wave of ambitious young recruits, we face a skills shortage. How will the industry encourage the next generation of talent to come in and make this evolving role their own?

The historian: Dirk Wegener shares the lessons he’s learnt in over 20 years of risk management

Dirk Wegener is stepping down as president of FERMA. After more than two decades in risk management, he has seen it all. Here he reflects on the world-changing events that altered the way we think about resilience forever.

Case study: how to overcome board resistance to integrate a risk management programme

The key to successful integration of your risk programme lies in the bonds you make at the executive level, says Darlene Halwas, a board member of Carbon Management Canada. Forming close ties, developing trust through transparency and being a source of help, means you have a voice on the board ...

SR Q3 2023: Adapt or die

As the world of risk gets increasingly complex, there is a golden opportunity to elevate the profession beyond insurance buying, to strategic, value-adding, board-level ERM. Those risk managers who fail to step up and grab it with both hands may quickly become irrelevant.

Why risk management must not be totally embedded in operations

Volkan Can, enterprise risk manager of a global building materials company, and board member of the Enterprise Risk Management Association of Turkey, explores why entwining risk with day-to-day operations is a common but critical mistake

The big question: how to shape risk culture in your organisation

Risk culture is increasingly a hot topic, but how can risk managers move the needle? Strategic Risk caught up with Clive Thompson, technical adviser at the Institute of Risk Management to find out.

How risk managers can best protect supply chains from cyberattacks

By Dirk Schrader, VP of security research at Netwrix

Risk managers must look beyond their own networks to ensure cyber resilience throughout their supply chain. Dirk Schrader, VP of security research at Netwrix explains how.

Franck Baron: why risk management needs a single professional standard

By Trevor Treharne

Risk managers across Asia needed a place to bond and so chairman Franck Baron founded PARIMA. Ten years on, he is passing on the reins, but his commitment to binding the industry together remains strong

Moving beyond Excel: the urgent need for better risk management tools

By Danny Wong is an Enterprise Risk Management thought leader with over 20 years’ experience in senior risk roles

While Excel may be easy and free, it is no longer sufficient to manage the complex and ever-changing risks faced by organisations today. Danny Wong, an enterprise risk management thought leader, explores the alternatives.

Russia, Ukraine and Africa: Against the Grain

Is Russia’s war in Ukraine a localised conflict, a regional war, or a global disaster?

Born to insure

By Trevor Treharne

From a family of insurance experts, Soni Srivastava was perhaps destined for a career in the industry

How short-term challenges are impacting the net-zero transition

Charles Sincock explains how global risks are altering our journey to net zero and what this means for businesses

Room for risk

By Trevor Treharne

Marriott’s Sharon Xu on being people-oriented, embracing change and preparing for another COVID at the hotel chain giant

Tipping towards disaster

In this ever-more destabilised world, the post-Cold War rules no longer apply, explains Dragonfly’s Henry Wilkinson

The tough cookie

By Trevor Treharne

Philippines-based Annacel Natividad on resilience and building risk relationships in her frequently catastrophe-hit country

Predictive analytics in an era of cascading risks

How effective data integration makes sense of complexity and takes risk management into a new era

Are your brokers costing too much?

When approaching last year’s renewals, a single factor helped us shortlist brokers: data

The risk maverick

By Helen Yates

Something of a divisive figure within the risk profession, one thing no-one can accuse Alex Sidorenko of is being apathetic about risk management

Reputations under siege

It has never been more difficult to manage reputational risk - is authenticated risk management the answer? asks Peter Gerken

The changemaker

Cristina Martinez Garcia of Sacyr is on a mission to put a positive spin on the risk manager role

The reinvention of supply chains

By Helen Yates

Near shoring and technology will shape the post-COVID supply chain, thinks AXA XL’s Pascal Matthey

ESG champion

By Helen Yates

Swiss Re Corporate Solutions’ Jonathan Rake explains why real innovation in insurance has never been more important

Time to pull together

By Helen Yates

Argo Group’s Adam Seager on the challenges of maintaining corporate cohesion in a more virtual working environment

Generation ERM

By Helen Yates

Part of the next generation of risk managers promoting the holistic approach, Sogefi Group’s Valentina Paduano believes it is time to rethink your methods

NDBI: Exposed and unprotected

Caroline Woolley explains why it’s much better to play ‘let’s pretend you have a loss’, than trying to deal with expectation gaps after an event

In support of a green economy

Europe and Asia suffer from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data

Mental health: The next crisis

By Helen Yates

Tackling mental health is not just the right thing to do, but an essential exercise in risk management, according to International SOS’ Dr Rodrigo Rodriguez-Fernandez.

Time to revisit building codes?

Amidst the increasing frequency and intensity of natural catastrophes it is time to revisit the purpose and content of building codes, argues FM Global’s Michael Stuckings

Why 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

Risk managers: 'Be brave' in 2019

At the close of 2018 and on the cusp of 2019, StrategicRISK asked Air Asia’s group head of risk and insurance, Suchitra Narayanan for her thoughts on the year gone and year ahead.

Mitigating the unintended consequences of technology

Leesa Soulodre, chief innovation officer, Inspirit IoT and adjunct faculty member at the Singapore Management University (SMU), argues more focus needs to be placed on establishing ethical principles and guidelines for the creation and deployment of new AI technologies.