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Seeing the bigger picture
Seeing the bigger picture on risk is difficult. Risk registers often fail to convey the systemic complexity in enterprise risks. But risk managers can use tools available today to create rich, context-aware risk visualisations. These images are based on information captured through normal risk identification and analysis processes. In addition, such risk visualisations can model…
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Friending social media
Risk managers are often afraid of making the most of social media in their work. Daily reports in the press end to emphasise the negative aspects of such platforms. But social media can be an effective tool for managing risk. While it is important to control for the downsides, social media can improve risk management.…
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Is anyone watching the back door?
Is anyone watching the back door? That is a question executives increasingly ask when trying to strike the balance between creating value and corporate defence. But too many organisations get this balance wrong. Boards seeking growth often forget to protect vital parts of their business. Recent corporate scandals show how wrong things can go when…
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The Big Debate: The Institute of Risk Management Launches the Risk Agenda 2025
The Institute of Risk Management (IRM) is celebrating the 30th anniversary of its founding by exploring the future direction the profession of risk management is likely to take. Risk Agenda 2025 is launched with a survey into the future of risk management and how our members and stakeholders feel the profession will shape up in the…
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On the rise
Demand for risk managers with the right qualifications and skills is on the rise. Recruitment experts say that is true for junior and senior staff alike. Risk compliance managers are especially in demand. While the financial services sector is particularly buoyant, all industries are on the look out for good candidates. In addition, experts says salaries…
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Drone wars
The drone wars are heating up. Commercial drone use is beginning to take off. Amazon, for example, is trialling a new delivery service using drones. More companies plan to follow suit. In fact, the UK’s legal system makes drone use relatively easy. But companies face more than competition from rival businesses. New devices on the market…
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Toned down at the top
Most corporate governance experts say setting the right tone at the top is crucial. It helps communicate the organisation’s values, create positive cultures and raise risk awareness. The theory says that less senior people emulate the good behaviour of their board executives. Getting in front of staff and explaining what the business stands for is…
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Embedding risk management
Embedding risk management is a much talked about practice. The business owns the risks and controls. Risk management helps them do so. But, how well do risk managers facilitate that process? Does the risk department have a strategy for helping business managers embed risk? And, if not, how can they do so. Steve Barlow, a…
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Gaining value from internal risk models?
Gaining value from internal risk models? IRM’s Internal Model Industry Forum (IMIF) is publishing its seventh piece of guidance aimed at advising the insurance market how to do so. The document is called Profit and loss allocation – the road ahead. Under the Solvency II regulatory framework, an insurer’s internal risk model is at the heart…
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Third party risk webinar online
The third party risk webinar is now online. With growing geo-political, environmental and financial uncertainty, businesses must build resilient relationships with their suppliers, customers and stakeholders. But with more customers and businesses, such as Uber and Apple, using and adopting open technology platforms, the nature of those relationships is transforming. Listen to the webinar and…
