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Business environment is “becoming riskier”
Business leaders believe the global business environment is becoming ‘riskier’, according to a new report from consultant Protiviti. The Executive Perspectives on Top Risks 2019 report, published in conjunction with North Carolina’s State University’s Enterprise Risk Management initiative, focuses on the ‘key issues being discussed in the boardroom and C-suite’. Its findings are based on…
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Why 90% of Initial Coin Offerings (ICOs) & Security Token Offerings (STOs) fail (and much of the rest may follow)
By Alexander Larsen, President Baldwin Global Risk Services Ltd, Certified Fellow and trainer of the Institute of Risk Management (IRM) The ICO Boom The ICO space saw a boom in the last couple of years and has been looked upon as a valid alternative to Initial Public Offerings. Less regulation, more opportunity for the…
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Imagining a future
Pro-mortems and pre-mortems are a simple and highly effective technique for teams to employ “prospective hindsight” and imagine a future that has already happened. Research indicates that this type of thinking helps us prepare for the future. It helps us to maintain vigilance against cognitive biases that may lead to over-confidence and being blind to…
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Serious fraud office’s key priorities
The Serious Fraud Office (SFO) has announced its key priorities for 2019. The underlying role and remit of the SFO will remain unchanged, but the main areas of focus will be ensuring cases progress as quickly as possible; working more collaboratively with partners; and making full use of the tools and resources available. The organisation’s…
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The IRM is delighted to announce a new licensed Fundamentals of Risk Management (FoRM) Training Provider in South East Asia
JGA Training Services have recently been accredited as a licensed FoRM provider and will be operating in Malaysia, Singapore, Indonesia, Thailand, Philippines and Vietnam. The FoRM course is well respected and attracts delegates from a wide variety of organisations from all over the world. FoRM gives students an introduction to the principles and practices of…
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Risk predictions roundup
With risk predictions for the next 12 months ranging from regulatory changes and competition from digital competitors to global issues such as the US-China trade rift and extreme weather conditions, 2019 could prove to be an interesting year. As ever, experts are predicting some risks that businesses can address on an individual level – for…
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InsuranceERM Annual Awards 2018-2019 – UK & Europe Judges’ Award for contribution to the industry: Socrates Coudounaris, RGA
Few people are as passionate about risk management as Socrates Coudounaris. Currently executive director of risk (EMEA) at US-based reinsurer RGA, he has been in the insurance and risk management sector for more than 20 years. During this time, he has helped senior management and boards proactively identify and manage risks and opportunities. “The one…
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Energy sector survey reveals ‘disappointing’ risk maturity
The energy sector is undergoing rapid change. Following several years of belt tightening and cost cutting, many oil and gas companies are looking to expand into new projects and territories, and into renewable energy sources, according to a new survey by IRM into the energy sector. Cost control and safety naturally remain key areas of…
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Digital risk management and resiliency – part two
By Stefano Capodagli The increasing use of Artificial Intelligence (AI) in risk management shifts the focus towards analytics and minimising losses in a proactive manner. Today, firms are developing risk platforms by scouring the internet for all-encompassing information about any risk-relevant matter with the help of machine learning and AI. As digital innovator and custodian…
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Digital risk management and resiliency – part one
By Stefano Capodagli Risk management, besides continuing to be a trusted advisor to the board and senior management, to manage risk appetites, and develop risk frameworks and policies, is increasingly called on to swiftly evolve. Digital risk management appears to be the next evolution in enterprise risk and information security. Building digital resiliency both in…
