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
What value is risk management ultimately bringing a company?
What value is risk management ultimately bringing a company? This is the fundamental question we are all asking. If it can be answered, then the role of risk manager will take on a different meaning and level of influence writes Adrian Clements, international enterprise risk manager
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
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.
How should risk managers steer their company’s digital transformation strategy?
In this opinion piece, Jeff Yeo, experienced risk practitioner with a global financial institution explains why being in the co-driver seat for digital transformation can be just as important a role for risk managers.
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.
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.
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.
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
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 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.
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.
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
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.
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.
What would be the ideal indicator/parameter to measure your ERM maturity?
Many organisations look for some metric of maturity of their ERM program to show how well they are performing, and potentially where and how they can improve, Hans Læssøe, principal consultant at AKTUS and former risk manager of Lego explains.
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
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.
How can I make strategic risk management successful in my business?
If you are in the process of designing a Strategic Risk Management (SRM) system or moving to the next stage, read on. Eamonn Cunningham, former chief risk officer at Scentre Group and Westfield, shares his experiences with StrategicRISK to assist you as risk managers in developing a system that will ...
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….
How can I manage fake news risk?
François de Hennin, independent risk advisor and consultant, and former global chief risk officer of GroupM tackles one of the biggest risks facing business today: managing and mitigating the risk of fake news.
I am in the process of developing my ERM programme. What common mistakes should I avoid?
When it comes to implementing a successful ERM program, sometimes learning what not to do is just as important as learning what to do. StrategicRISK spoke with one of Taiwan’s most experienced risk managers, Jeff Yeo, to get his tips and tricks on ERM.
How can technology enable risk management and mitigation? What steps should I be taking to use technology as a risk manager?
As computers get faster, we get smarter. Chris Corless outlines three key ways he sees technology improving the way we see and mitigate risk.
“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.
What benefits can I get from ISO 31000:2018?
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 ISO release.
What things should I consider when buying corporate insurance?
Suchitra Narayanan, head of risk and insurance for Bumi Armada, offers a complete guide to the process
How can I start to move risk from being an operations focused function into a strategic decision-making tool?
Former Scentre and Westfield CRO, Eamonn Cunningham tells risk managers exactly what they need to do step-by-step to implement a new way of working
How do you build an effective risk appetite process?
Hans-Kristian Bryn, independent strategic risk management and governance adviser, provides a pragmatic solution to one of the most challenging risk management topics facing boards.
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
The Knowledge: Scenario analysis
In this issue, we look at the complex ideas behind scenario analysis. Pundits claim it signals a new way forward for risk managers, building on traditional risk analysis methods. But how many organisations are actually using it?
The Knowledge: Data security
In the latest edition of the Knowledge we look at the evolving cyber risk landscape and tightening data protection laws and ask how risk managers and their boards can build greater breach resilience.
Do I need a risk appetite statement and what are the benefits?
An effective risk appetite statement matches risks to an organisation’s actual strategic and business objectives, writes the general manager of risk and compliance at BAI Communications Andrew Potter
What are some of the challenges and pitfalls when buying insurance?
Buying insurance can be a difficult. Suchitra Narayanan, head of risk and insurance for Bumi Armada, explains how to make a success of your policies.
The Knowledge: Influencing the board
In this issue, we explain why risk managers need a compelling pitch, data at their fingertips and friends in the strategy department if they’re to win over top executives
The Knowledge: Management liability
In the aftermath of the global financial crisis, boards are being held to account as never before. The finger of blame is shifting to directors and officers. So this time, it really could be personal
The Knowledge: Supply chain resilience
As global supply chains take on a nightmare complexity, it’s hard to vouch for all third-party providers. In this edition of The Knowledge, we look at the issues that demand urgent attention.
The Knowledge: Infrastructure risk
In this issue we examine China’s astonishing plan to recreate its glory days - and Asia-Pacific risk managers reveal why large-scale infrastructure projects don’t always run as smoothly as planned
The Knowledge: Reporting risk
In this issue of The Knowledge, the insight supplement that surveys Asia-Pacific risk managers, StrategicRISK asks how the profession can hammer homes its messages effectively
The Knowledge: People risk
Attracting and keeping employees is one of the key elements of people risk, but there’s so much more to consider, according to our latest research report
The Knowledge: Regulation Risk
Navigating Asia-Pacific’s fast-changing regulatory landscape is challenging, with risk and compliance managers having to work harder than ever before to stay on the right side of the regulator
The Knowledge Handbook 2015
Regulatory risk, political risk and international risk are all highlighted in our first ever The Knowledge Handbook, which features intelligence, data analysis and interviews from the industry
The Knowledge: Political Risks
StrategicRISK Asia-Pacific’s new political risk supplement highlights the top concerns for doing business in the region
The Knowledge: International risks
StrategicRISK’s latest survey uncovers the top international risks facing Asia-Pacific corporates