More and more firms are now putting low probability catastrophic risks higher on their agenda. According to the authors of a recently published book, the reason for this is simple: these events are happening more often.
Howard Kunreuther and Read more
In April this year, the IRM’s Internal Model Industry Forum (IMIF) released a report which outlined how insurance companies can factor operational risk into their insurance purchasing decisions – and many of its points are relevant to risk managers Read more
In business, risk is like cholesterol. There are good and bad strains. Just like in health news, where bad cholesterol makes the headlines, the negative risks that Read more
Some years ago, I did a personality test that assigns colours to your behaviours. This particular test showed the difference between how you tend to operate in ideal circumstances versus under stress. In ideal circumstances, I tend to the Read more
Legislation looks set to come into force in 2020 which will compel the UK’s largest companies to publish and justify the pay ratios between their CEOs and workers. Its introduction was first announced by business secretary Greg Clark in Read more
Optimists were given reason to celebrate recently when reported rates of UK productivity in 2017 showed some improvement after years in the doldrums, but economists then seemingly spoiled the party by warning that UK businesses still lag behind much Read more
The leading cyber threats to UK businesses last year were ransomware attacks, data breaches, supply chain threats and fake news stories, according to the 2017/18 report from the National Cyber Security Centre (NCSC) and the National Crime Agency(NCA).
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Discussions at an IRM infrastructure special interest group meeting have highlighted hot topics for the sector, including embedding risk management across an organisation, dealing with uncertainty and differing levels of complexity, and the use of key risk indicators (KRIs).
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