From supply chains to software: Why you could be unknowingly putting all your eggs in one basket
Corporates – forced to cope without travel for so long – will be more discerning when weighing up the value of a business journey
Resilience is not a one-time box-tick exercise but an ongoing journey that begins with data and culture
What are some of the key risk management issues presented by the wider use of Green Hydrogen?
Some surprising trends have emerged in the industrial cyber risk landscape. What does this mean for 2023?
Without this, efforts to manage and optimise risk will be futile
In Asia, the prospect of a post-covid China may well provide a big boost to regional growth prospects
It is simply not worth running the risk of going into any relationship blind, and accidentally breaching sanctions
Why some businesses are re-evaluating their attitude to cyber coverage amid rising premiums and tougher terms
Why businesses must embrace new technology and take a less reactive approach to risk management
In today’s world, unpredictable situations happen at a moment’s notice, causing disruption even if you have a diversified supply chain
The war in Ukraine is one of the major crises of our times. It is exposing the limitations of insurance
Firms are being pushed to pursue a cleaner, greener, more equitable and ethical world. But it’s not easy being sustainable
NHS 111 is one of the latest victims, but it doesn’t have to be this way
Building resilience into our global society has to begin now, with significant benefits for risk managers
Why firms must proactively construct risk management capabilities to keep pace with transformative change
Disruptive economic, societal and geopolitical influences are altering global supply chain risk profiles
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
Managing the reputational fallout from being the subject of a cyber attack is an aspect that is often overlooked
Why relying on ESG ratings may be the quickest way to undermine your own reputation for ESG compliance
Today’s volatile risks will impact your supply chain in unique ways; here are three areas to consider
Climate litigation - including ’greenwashing’ claims - is increasingly a risk for Board consideration
Like recessions, supply chain disruptions are inevitable. We may be unable to prevent them, be we can lessen their duration
The number of supply chains ‘on the move’ continues to grow. But market risks vary widely across South East Asia
Knowing where to start with ESG can be daunting for even the most seasoned of risk managers
Why firms should increase the sophistication of their scenario planning over time
How innovation can build natural catastrophe resilience across the region
Publicly-listed firms will be compelled to report on third party climate risks as well as their own
How supply chain disruption has driven up the cost of construction, impacting insured property values
Why the sense of insulation from geopolitical crises is unlikely to last in Northeast Asia
Sanctions will certainly damage the Russian economy, but we live in a connected global economy
Unpicking the common misconceptions about cybersecurity that put businesses at risk
Why insurers have a critical role to play in the shift away from fossil fuels
More open sources of data and open, common modelling standards will facilitate climate-transition decisions
How remote claims technology is helping make claims handling faster and more flexible
Operational resilience has never been so vital in a world of increasing volatility
Green hydrogen could be a key component of a carbon-free future but there are significant hurdles to overcome
The heightened and complex risk landscape will test the creativity of insurers and risk managers
As tensions between Russia and the US and the West continue to escalate, compliance teams are readying themselves for a busy period ahead
A practical sustainability risk taxonomy with common scenarios and treatments
Greenwashing just won’t cut it anymore - here’s what risk managers need to know
Get yourself out there, build relationships and get a seat at the table
While nat cats cannot be avoided, risk engineering plays an important role in identifying and mitigating the potential damages arising
Stakeholders now expect companies to understand their relationship with the world around them
With modern applications of lithium-ion batteries relatively new, we’re just beginning to understand the implications of thermal runaway
If the politicians won’t go to battle against climate change, maybe insurers have the power to drive behavioural change
In 2022, the world will start to spin differently thanks to a new global geopolitical order
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
How to minimise risk as manufacturing taps into the many benefits of 5G
Get on top of your sanctions risk compliance or suffer reputational consequences
It is clear that China has stepped up its cyber espionage capabilities, but what is its aim?
Three steps to strengthen healthcare organisations against a growing cyber threat
Embracing emerging technology requires the right mindset and the right skills
Boards risk being hamstrung by regulation, opting to comply rather than explain, even where there are unintended consequences
The IPCC report tells us tomorrow is not the same as yesterday, hence past data solely can’t always predict future outcomes
Why firms most impacted by the climate crisis are looking more strategically at nature-based solutions
Corporates are taking on more risk as a result of the hard insurance market, but what does this mean for claims?
Battery energy storage systems (BESS) are essential for low carbon economies… but fires are hampering growth potential
There are clear risks and opportunities as airports repurpose for a post-COVID world
China: politics are important but it’s the regulations that matter for multinationals
A strong emphasis on data and collaboration are essential to achieving operational resilience
What role does the risk professional have in a changing, more responsible world?
Can you show insurers that you’re up-to-speed with how your operations are responding to new market pressures?
A lack of transparency on cyber attacks is benefitting the threat actors and exacerbating the threat
Three proven strategies business leaders can deploy to accelerate cyber transformation
How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money
Is it time to abandon risk management and seek to manage performance instead? Let’s consider Bond’s latest mission
The data in ‘vaccine passports’ is the most sensitive information many firms will have ever managed
As companies look to pivot from the pandemic, their focus of attention is turning towards building sustainability in supply chains
How can businesses balance the bottom line with environmental responsibility when planning their post pandemic business travel?
How a surge in demand for warehouse storage may leave firms exposed to facilities which rely on sub-standard levels of risk protection
Did fintech superstardom enable the Greensill collapse and could it have been prevented?
Parametric insurance solutions are a valuable form of transfer to manage climate and other natural disaster risks, explain Marc Paasch and Richard Zhang
Cyber security strategist Eddie Doyle explains how social engineering attacks prey on individuals’ vulnerabilities
News reports of supply chain disruption increased by almost 2000% following the start of the pandemic
It’s clear that freezer failure is going to be a significant risk to the smooth execution of this critical vaccination program
There was evidence the wolf was already in the herd, if only the shepherd had taken a closer look
Risk leaders must work on strategies and business models to help their firms achieve their objectives in the new environment
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
Why breaking down barriers between risk and business continuity is the key to greater operational resilience
The risk management function is undergoing a fundamental transformation spurred by the coronavirus pandemic
As the sector faces further regulatory intervention, what will it take to bring about real change?
Climate change is so big that we do not even see it as a wave that may “break” and cause havoc for us
When fire strikes in buildings using foam plastic materials, the results can be catastrophic and tragic
How Capital One suffered the price for failing to put in place an effective outsourcing risk oversight programme
The ability to survive a crisis and thrive in a world of uncertainty is at the heart of a new technical standard for utility companies
As the modern risk landscape becomes increasingly complex, cyber-risk is one area where businesses need to remain vigilant
Insurance brokers and other SMEs face unique risks when it comes to cyber crime. Here’s what you can do to protect your business
Energy companies need partners and advisors that can help them make the move to a renewable future
Data is at the heart of effective risk management but poor integrity, outdated platforms and inefficient processes can create inaccurate or incomplete information
As many countries enter the second wave of the pandemic, global supply chains continue to be disrupted. Here’s how to build in greater resilience
An analysis of the value of external studies to risk managers, and how to improve them
ESG pledges, unmet, will leave stakeholders disappointed and pose the greatest enterprise risks of all, warns Nir Kossovsky and Denise Williamee
Risk management is undergoing a significant change and complacency is not an option, argues Hans Læssøe
Understanding business strategies and coordinating a structured approach are critical to delivering better strategic risk management, explains Laxman Maharjan
As the economy slowly reopens, Danny Wong charts five key BCP lessons learnt during lockdown
The risk maturity journey is a problem the risk profession has been grappling with for far too long. It’s time to focus on data
Health and safety regulations are under the microscope more than ever before, but significant global differences in approach remain
Organisations need to prepare for the possibility of more protests amid rising tensions and COVID lockdown restrictions, argues Renata Elias
Risk managers are best placed to develop and implement BCPs, argues FM Global’s Stuart Selden
Many organisations scrambled to develop and implement their pandemic response when COVID-19 surfaced; here are a few things that may have been overlooked
Employers must carefully navigate their obligations towards employees when it comes to the impending “return to work” strategy, warns Jules Quinn
It is time to stop reacting to the pandemic crisis and start managing operations in a new way, argues Vince Shiers
How coronavirus may be the high-profile case trial that brings long overdue credibility to the global risk management discipline
Examples of extreme weather events in Australia this summer is increasing concern over how our climate is changing
The intensity of the impacts on businesses and supply chains are expected to accelerate in the near term and then extend to the medium term, explains Adrian Simmonds, senior risk manager at QBE
Businesses will need to shift their focus from traditional risk management to building resilience so as to drive business enablement and build trust.
Verint vice president, Australia and New Zealand, Michael Stelzer, discusses why we’re seeing increased regulatory pressure on businesses and how automation, machine learning and natural language recognition can help prevent you from becoming the next headline.
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
In this article, Business Olympian Group, director, Gavin Freeman, will try to unpack the meaning of “risk culture” and assess whether the role of risk teams is to measure risk culture or culture risk.
What can we do to address gender equality in risk management? Maybe it’s a shift into a different approach that will enable more female leaders and improve the service, irrespective of gender, argues risk practitioner, Patrick Aubrey.
If we asked each company how their crisis plans are structured and managed, we will likely see inconsistencies, out-of-date procedures; ill-prepared stakeholders, says Gabriel Souza, risk management specialist. Here’s his advice
Exactly a month after the devastating terrorist attack in Sri Lanka, Suchitra Narayanan, reflects on why it is so important for risk managers to have care, conviction and courage.
As part of #ChangingRisk, I’d like more risk managers to report to the CEO, with access to the board, says Gaëtan Lefevre, group risk and insurance manager at Cockerill Maintenance & Ingénierie.
Risk can be a good thing – business survive and thrive on good risk management. But the problem is, because we have all been misusing the word ‘risk’, its true meaning is now lost, writes Tony Thornton, ERM and business continuity expert
Decision-focused risk management may seem very different to traditional risk management, but making the change is not as challenging as it may appear, writes Hans Læssøe principal consultant at AKTUS and former risk manager of The LEGO Group
In the new age of advanced risk, complacent organisations are allowing themselves to become vulnerable to the disruptive forces of the Fourth Industrial Revolution, says risk thought leader Warren Black.
Suchitra Narayanan, group head of risk and insurance, AirAsia Berhad, explains why the low-cost airline made the shift from being asset heavy to asset light and how the company’s risk profile has changed as a result
The rise of the intangible economy could amplify your risks causing long-term loss in revenues and profits, so what can you do about it? Hans Laessoe, principal consultant at AKTUS and former senior director of risk at the LEGO Group, has this advice
In this new opinion piece renowned author, blogger and retired chief audit executive, Norman Marks explains why you may have been making a fundamental error in risk management
Stop, collaborate and listen, Hans Læssøe is back with a brand new lesson. In his latest opinion piece, the principal consultant at AKTUS and former risk manager of The LEGO Group explains why things will never be the same again for risk managers.
Chief risk officer, Michael Doyle tells StrategicRISK why businesses need to be very clear on where strategic risk ends and operational risk begins.
The Risk Culture Builder’s Horst Simon tells StrategicRISK why it might be time to #Kill3LoD in order to get to the next level of risk management.
When a business fails to adequately protect itself against events that may stop or compromise its operations, they could be putting themselves at risk of major disruption says FM Global’s operations manager, Lyndon Broad.
Hans Læssøe, principal consultant at AKTUS and former risk manager of Lego tells StrategicRISK how the effect of an ever-increasing speed of change adds and alters the demands for risk management – both in terms of what to do, and how to do it.
Renowned author, blogger and retired chief audit executive, Norman Marks, questions why we need risk management and what role ERM plays.
In this exclusive piece, Risk Insight Consulting principal consultant, Gareth Byatt, looks at infrastructure work being planned and undertaken across the Asia-Pacific region and considers how risk management plays an important part in achieving good infrastructure project outcomes
ISO 31000: 2018 was published in February 2018, nine years after the last version. Much has been written and discussed about it. Gareth Byatt, principal consultant at Risk Insight Consulting and APAC Ambassador for the IRM, gives us his perspective on how to benefit from the new release.
In reply to editor Lauren Gow’s recent opinion piece, author, blogger and retired chief audit executive, Norman Marks, responds in a equally thought-provoking piece
Hans Læssøe, principal consultant at AKTUS and former risk manager of Lego tells StrategicRISK why ISO 31,000/2018 (ISO) is well ahead of the updated COSO standard, despite the almost quantum leap the 2017 update has been given since the 2004 edition
As we begin the countdown to our Risk Forum in Hong Kong on April 19, StrategicRISK spoke to ever-controversial risk commentator, Alex Sidorenko, to give us a little preview of what is to come next week
Transparency International’s ‘Corruption Perceptions Index’ (CPI) for 2017 has been released and the results are not surprising. KPMG’s director of Audit, Asssurance and Risk, Natalie Faulkner tells StrategicRISK Australian firms are continuing to operate on the wrong sit of this law
Almost 200,000 transactions are made on the bitcoin blockchain each day but what is the risk for businesses? Control Risks senior consultant, Cameron Strain, lets us inside the criminal minds using the innovation for dark deeds
As International Women’s Day draws to a close, Kimberley Pelly, risk and compliance adviser, Queensland Airports shares her reasons why she thinks it is more important to select the right person, rather than the right gender, for a risk management role
The Singapore CyberSecurity Bill is merely icing on the cake of already-robust legislation, and expectations, from the Singaporean Government. But is there more to it than meets the eye? StrategicRISK spoke to PARIMA board member and International SOS risk manager, Kelvin Wu about why all risk managers - designated or ...
In the final part of our exclusive three-part series, former LEGO risk manager and current principal consultant at AKTUS, Hans Læssøe, and principal consultant at Risk Insight Consulting, Gareth Byatt, tell risk managers why maneuverability for businesses of all sizes has become the key to competitive advantage
Control Risks partner Mark Pulvirenti tells StrategicRISK what risk managers need to do to make sure their firm stays on the right side of new anti-bribery legislation
As the 22 February deadline looms for the new Notifiable Data Breaches (NDB) amendment comes into force, RSA’s director of governance, risk and compliance, Sam O’Brien, tells StrategicRISK why risk managers worldwide need to take notice of this game-changing regulation
In a followup exclusive with StrategicRISK, former chief risk officer for Scentre and Westfield, Eamonn Cunningham shares his tips on implementing a new Strategic Risk Management system
In the second part of our exclusive three-part series, former LEGO risk manager and current principal consultant at AKTUS, Hans Læssøe, and principal consultant at Risk Insight Consulting, Gareth Byatt, tell us why disruption is old news
In the first of our exclusive three-part series, former LEGO risk manager and current principal consultant at AKTUS, Hans Læssøe, and principal consultant at Risk Insight Consulting, Gareth Byatt, tell us why your perspective about change determines how you respond to it
After more than five years in the making, thousands of comments received from representatives of 54 participating and observing countries the updated ISO 31000 standard is going through the final stages of feedback and will likely be published in early 2018. Alexei Sidorenko summarises the key changes and how they ...
An increasingly complex future requires a different perspective to risk management, writes vice president of mergers and acquisitions and corporate strategic planning at StarHub, Ryan Tan
Risk teams face a challenging reality: how not to be seen as the traffic cops of business, always killing great deals with endless concerns about sanctions, corruption or security, but, at the same time, not just being a rubber stamp, signing off any opportunity that isn’t obviously in violation ...
In the final instalment of his three-part series on how digitisation is changing how we manage risk, Gareth Byatt, principal consultant at Risk Insight Consulting, examines how to deal with cyber risk as organisations adopt new technology.
A truly effective risk manager makes it their business to understand what keeps their company’s board up at night, argues global business resilience leader for Deliveroo, managing partner of Overark and director of Acumen Advisory, Patrick Smith.
Alex Sidorenko, CEO of Risk Academy, underscores the importance of risk as a management tool to achieve objectives.
Companies with truly embedded risk management processes should create a new chief strategic information officer role, director of Acumen Advisory Patrick Smith tells StrategicRISK Forum audiences
Franck Baron, group general manager for risk management and insurance at International SOS and chairman for PARIMA, on why risk managers need risk qualifications
How can risk practitioners help organisations to leverage the opportunities presented by artificial intelligence and the automation age.
It’s time for risk management to stop impeding and start adding value argues Susie Jones, Australia Post’s head of cyber security business
We are still a long way from having a uniform understanding and appreciation of risk management, argues group general manager for risk management and insurance at International SOS and chairman of PARIMA, Franck Baron.
Cory Davie, partner, Control Risks argues while the threat of terrorism is an incredibly small risk for most businesses, risk managers must still have a realistic, but practical, plan to assuage fears and keep the business on the front foot
You should be leveraging the digitisation of your business to improve your management of risk. In the first of a three-part series, principal consultant at Risk Insight Consulting, Gareth Byatt, explains why…
Eamonn Cunningham, former chief risk officer at Scentre Group and Westfield, suggests that risk managers themselves are often to blame for a board’s indifference to them
Hans Læssøe, former senior director of strategic risk management at the LEGO Group and founder of AKTUS on why tomorrow’s breed of risk manager will require quick wits, plenty of business acumen and the ability to inject a bit of fun
In the first of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how the key to managing corporate risks is often through dealing with the individual risks of decision-makers first.
Eamonn Cunningham, former chief risk officer at Scentre Group and Westfield, debates the virtues of risk specialists versus management professionals moving into the field