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What does the future hold for Risk Managers?

In today’s global economy, where many small and large organizations work across many countries, risk management has become far more complex.

Topics: risk management

Risk management should support, not stifle, company culture

Each business has its own risk priorities. This could be anything from social media, cyber security and terrorism to internal strategies, new technology and competition. Some will be short term and others will focus on future planning.

Topics: risk management

2017 in review – ERM is on the rise, but there’s still room for improvement

As businesses start to implement their plans for a new year, we’ve taken a look back at 2017 to review how the handling and perception of risk management has changed. From our team’s vast experience of working with our clients and other organisations in the industry, we’ve found overall that there is a rise in the understanding, and use of formal risk practices. However, as always, there is still room for improvement. 

Topics: risk management RMIS ERM

Want to know the future of risk technology? Look at the key trends happening today

This blog is cross-posted from the Commercial Risk Europe FERMA Forum daily newspaper (registration required).

Making the best possible use of new and emerging technology, including enterprise software, is vitally important for almost any organization. In our hypercompetitive, ever-evolving global economy, few companies can afford to become complacent when it comes to how they choose their software and what they expect from it. This applies to the discipline of risk management just as it applies to, say, operations, finance, logistics, or any other corporate function. As risk managers look to technology to help them adapt to turbulent times, what should they be looking for in their risk software?

Topics: risk management risk management software

How risk, claims and safety software could have saved Jurassic Park

In honor of the 24th anniversary of the movie Jurassic Park’s release in June of 1993, this is a great time to engage in a little “what if” thinking and imagine how risk, safety and claims software solutions could have saved John Hammonds’ incredible vision.

Topics: risk management enterprise risk management claims software Safety Management & Risk Control

Follow the leader – why risk management needs commitment from the top

A company’s ethos is set from the top, so shouldn’t it make sense that senior figures need to set the tone for the risk management culture as well?


Topics: risk management

ISO 31000 explained


ISO defines a risk management framework as “a set of components that provide the foundations and organizational arrangements for designing, implementing, monitoring, reviewing and continually improving risk management throughout the organization”.

Topics: risk management

The Power of Analytics in Risk Management

Imagine a world of risk management without access to data, analysis and reports. It’s unthinkable. All Risk Managers know that analytics is key to highlighting areas of concern, identifying root causes of claims and accidents and choosing which high impact risk should be their focus.

Topics: risk management predictive analytics analytics Analytics und Reporting

From Start-up to Corporate – How Risk Management Changes in a Growing Company

All businesses have risk, and with many start-ups failing within their first four years, somebody needs to take responsibility for managing risk, even in a small company.

When a start-up makes that all-important decision to grow, there are huge risks to deal with and there are even more on-going risks associated with being a large company. What was a basic risk management solution is now no longer enough – you need an enterprise risk management framework.

Topics: risk management enterprise risk management ERM

Risky Business: A Risk Manager’s Introduction to ERM

 

Topics: risk management enterprise risk management ERM