Coronavirus risks spread

The World Health Organisation (WHO) has declared a global health emergency over a new coronavirus that broke out in China and which has killed an estimated 1,000 people in mainland China. Additional cases have been confirmed elsewhere in the Read more

Businesses misaligned over risk

Boards, executive management and internal auditor departments are misaligned over a series of critical risks, according to a recent report – OnRisk 2020: A Guide to Understanding, Aligning, and Optimizing Risk – by the global industry body the Institute Read more

Businesses fail to quantify risk

While businesses manage risk in a wide variety of ways, too many are not quantifying the threats they face, according to Aon’s Global risk management survey 2019.

In a wide-ranging report of global businesses, it found that only 24 Read more

Embedding risk management – the formal and informal

Embedding risk management is often seen as the holy grail of an effective organisation. Research by  ACCA now shows that although organisations have similar risk management objectives, the paths they take to embedding risk management varies. Those paths Read more

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 Read more

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 Read more

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 Read more

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 Read more