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16 essential questions to ask for effective scenario planning
Scenario planning can help executives better understand the impacts of new goals and objectives set out in the organisation’s strategic plans. Here’s how you can optimise your scenario planning, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights
Insurance
Can we still have an international programme even if some of our subsidiaries want to opt out?
Zurich’s head of international sales and distribution, Fernando Danes, explains why international programmes are perfect for your business.
What should you consider before buying a cyber insurance policy?
JLT Specialty, financial lines, regional assistant director, Menaka Muthu asks why it is pertinent to really understand your risk before buying a cyber policy
How can risk managers be confident that international claims will be paid should the worst happen?
Sean Welsch, head of captive management and business development, Zurich explores what happens to local retentions of local policies.
We've been using our wording worldwide, why is this not possible in an international program?
Have you heard of “manuscript wording”? Or “difference in conditions”? Or even the concept of “mirroring”? Zurich’s Sean Welsch, head of captive management and business development, explains….
Risk frameworks
16 essential questions to ask for effective scenario planning
Scenario planning can help executives better understand the impacts of new goals and objectives set out in the organisation’s strategic plans. Here’s how you can optimise your scenario planning, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights
Where should risk management sit in the organisation?
The tricky question of where the risk function should sit within the business is a big challenge for senior management. This latest Knowledge piece, risk thought leader Chris Corless looks at different options for your business.
Should operational risk managers be in the first line of defence?
The ideas behind this would be that ‘risks are managed where they occur’. It’s a complicated question, but an uncomplicated answer – in short, no, according to risk thought leader Chris Corless.
Should I be using ‘near misses’ in my risk management programme and if so, how are these best used/incorporated?
The thought of a near miss is enough to send shivers down the spine of any risk manager. But as seasoned risk and internal audit leader Chris Corless explains these near misses provide important lessons for risk managers looking to not make the same mistake twice.
Risk strategy
What can I do as a risk manager to make a difference?
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 their companies, risk managers need to develop critical soft skills, says François Malan, chief risk officer at Nexity
How do you justify investment in more risk resources when the results are hard to measure?
Mark Wilson, director, 20-20 Risk Advisory & Insights examines whether risk can be linked to ROI
How to manage risk ownership to ensure accountability without operating in silos
Risk thought leader Chris Corless looks at the value of defining risk owners and whether or not it is crucial to the success of your risk program.
Why does risk management need a systemic approach?
Christoph Schwager, managing director of SRI Strategic Risk Institute and former Chief Risk Officer, Airbus Group and Partner EY explains why risk management always needs a systemic approach.
Reports
What can I do as a risk manager to make a difference?
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 their companies, risk managers need to develop critical soft skills, says François Malan, chief risk officer at Nexity
Let’s rethink the bow tie model so we can effectively articulate risk
Home in on cause and outcomes not incidents and risks, writes Tony Thornton, ERM and business continuity expert
(Mal)practices in the use of risk matrices: is there an alternative?
The effectiveness of risk matrices has long been debated with some questioning its value – so let’s assess other risk methods, including multi-criteria, writes Slawomir Pijanowski, risk management expert and consultant for Atos Consulting
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.
Risk tools
Do traditional risk registers and risk matrices still remain relevant in project risk management?
Hans Læssøe, principal consultant at AKTUS and former risk manager of The LEGO Group examines whether traditional risk management tools still have a relevant place in project risk management.
Are heat maps a blessing or a curse?
Ordinary risk heat maps are of limited help for management to steer the company. We need new concepts says Chris Schwager, managing director SRI Strategic Risk Institute
Risk culture
Overcoming cognitive bias in senior executives
If we accept there is a cognitive bias in decision making, how can we as risk professionals account for this and help our senior executive make better bias-free decisions? Risk Academy’s Alex Sidorenko discusses
“Risk? What risk?” How do you get buy in from risk owners who want to tell you they have no problems?
Seasoned risk and internal audit leader Chris Corless discusses the road block most risk managers have come up against—the resistant risk owner.
How can you drive risk management discussions at the highest level of your firm?
The ability of a risk manager to influence their board and CEO is a vital cog in how they help manage the risks a firm faces says Geoffrey Au, head of risk, Zurich APAC