European Insurance and Occupational Pensions Auhority (EIOPA) The paper recognises that private insurance solutions alone will not be sufficient to protect society against the financial consequences of future pandemics. Solutions will require both public and private sector involvement, and build on the following four key elements: Proper risk assessment Risk prevention and adaptation measures Appropriate product design Risk transfer Insurance […]
Ensuring Resilience of Public Sector Organizations with Quality and Risk Management
European Online Course The Covid-19 crisis has revealed a lack of quality and risk management in many public sector organizations in Europe. PRIMO and KDZ, therefore joint forces to offer a comprehensive training and guideline for boosting public administration towards sustainability and resilience especially in future crises. The cooperation of PRIMO as leading European expert network for public risk management […]
I see increasing interest in Smart City from our companies and residents
Michel Bezuijen* started his administrative career as councillor and first deputy mayor of the municipality of Haarlemmermeer. In 2013 he became mayor of the municipality of Rijswijk and in March 2019, the city council of Rijswijk nominated him for a second term as mayor. On June 18, 2020, Bezuijen was nominated by the Zoetermeer city council as the new mayor. He […]
Insurance and Risk management degree
Malta University / Department of Insurance/ Insurance and risk management To prepare yourself for a dynamic career in the ever growing Financial Services industry. Learn about different types of risks, risk identification, risk measurement, risk mitigation and risk transfer, the various jobs available within the industry and prepare the road to join the number of professionals and specialists in the area. […]
PRIMO considers SDG’s as frame of reference
The board of PRIMO Europe has decided that the association explicitly accepts the Sustainable Development Goals as a referential set of public values for good governance. This will be expressed in the general communication of the association as well as in the use of products and services in the overall setting of the portfolio. The association would like to formally […]
Structured Client Communications: The Key to Manage Risk in a Business Relationship
Stephen P. D’Alessandro | International Journal of Finance, Insurance and Risk Management, Volume 10, Issue 1, 135-148, 2020 Purpose: The key objectives of this paper are to provide a review of the current context within a regulated sector such as financial services which call for structured communications as an integral part of overall corporate governance and to provide a practical […]
McKinsey on Risk
Thomas Poppensieker | Chair, Global Risk Editorial Board McKinsey & Company “Our ninth issue of McKinsey on Risk arrives amid the greatest global crisis since the Second World War. McKinsey and the Risk Practice have been in constant conversation with healthcare, public-sector, and business leaders to help assess and meet the diverse challenges raised by the COVID-19 pandemic. As we go […]
FERMA European Risk Manager Report
FERMA/PWC We are pleased to present the results of the 2020 European Risk Manager Survey. The survey has taken place every other year since 2002 and represents the widest available picture of views of professional risk managers across Europe. The publication of the 2020 Survey is taking place in exceptional circumstances. Before the outbreak of the Covid-19 virus, we could […]
PRIMO leaves Facebook platform
Press release PRIMO Today we have decided as PRIMO board to LEAVE the platform of Facebook. We think that the corporate policy of the company Facebook is not in line with our values of good governance, privacy and above all respect and trust. Following the discussion in the international media, the actual privacy breaches of the platform. the leadership and […]
The financial impact of COVID-19 on health systems and how CFOs are responding
Bede Broome In McKinsey’s Health System Financial Resilience Survey, CFOs and finance executives of health systems indicated that they are expecting a dramatic impact on both operating margin and cash flow. Beyond the devastating humanitarian impact inflicted by the COVID-19 pandemic, the economic impact on healthcare systems is, and is expected to continue to be, significant. CFO’s and finance executives […]
The light of risk management has dimmed
Jack Kruf* The world of risk management is a special world. There are many methods and techniques, software programs, standards, surveys and especially experts. It is a true cloud that hangs above us, of concepts, of supposed uncertainties, unknowns, forces we do not seem to know, of black swans, sometimes also white swans, of dangers that seem to circle like […]
Developing an effective Governance Self-Assessment Instrument
Dr. Simon Grima [1] and Dr. Rebecca Dalli Gonzi [2] Stakeholders’ (of both private and public organisations) trust in the effectiveness and ability of the Board of Directors (‘BOD’) depends on factors such as transparency and clear accountability. Therefore, measuring the effectiveness of these factors is essential. However, how can we do this and against what benchmark/s? Should we consider […]
Deciding: Making even better decisions
Roger Estall and Grant Purdy have recently published a book on decision-making called Deciding. Written to help decision makers (we call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of their organisation, and being sufficiently […]
JFIRM and PRIMO start collaboration
JFIRM and PRIMO start collaboration on the 1st of April 2020 in calling for and sharing of relevant publications related to risk management. PRIMO seeks more connection between scientific research and the practical insights and knowledge of leaders, CEO’s, manager, controllers and strategists related to the public domain of society. It promotes the connection and cooperation between organisations in the […]
Pierrick Raude : « Un des premiers réflexes dans la gestion de crise a été de se préoccuper du soutien à l’activité économique car ce sera un enjeu de sortie de crise »
Hugues Perinel Face à la gestion de la crise sanitaire liée à la propagation du Covid-19, les collectivités doivent se coordonner pour maintenir une continuité d’activité et protéger les agents. Pierrick Raude, Directeur Général des services de la Communauté d’agglomération du Bassin d’Arcachon Nord (COBAN), répond à nos questions et nous fait part de son expérience. Des crises comme celles-là nous obligent à revenir à l’essentiel : Protéger nos collaborateurs et organiser le travail à distance – communiquer auprès de tous sur cette organisation. […]
Economics in the Time of COVID-19
Edited by Richard Baldwin and Beatrice Weder di Mauro | CEPR Press COVID-19 is spreading human suffering worldwide; that is what we should all be focused on. But we are not doctors. We are economists – and COVID-19 is most definitely spreading economic suffering worldwide. The virus may in fact be as contagious economically as it is medically. Joining the OECD’s dire growth forecast […]
Risk & Resilience Radar: Present
Based on news, publications and data-analysis in the governance triangle Public – Private – Civic Society, we collect our findings related to the question: What are the needs and the perceived risks (short and long term) emerging from the crisis on this moment? Top most mentioned needs by local public leaders, city managers, workers and advisors (10th of May): Financial resources to […]
PRIMO launches FORTE™ Online for teams
In times when physical encounters are very limited or even forbidden, in times of the need to act, in times when qualitime and quality meet, it is useful that as a team you are able to quickly and adequately explore the steering power with regard to the issue of problem you are facing. Actor, value, and object are connected by […]
Board Leadership and Performance in a Crisis
Jack “Rusty” O’Kelley III, Grace Cheng, Beatrice Ballini, Constantine Alexandrakis, Justus O’Brien, Laura Sanderson, Melissa Martin, PJ Neal, Todd Safferstone For board directors and chief executive officers. Every industry across the globe has faced a crisis at some point in time. While most large companies survive, many struggle for years following a period of severe adversity. Others prevail and become […]
COVID-19: A Failure in Risk Management
Professor David Zaruk as Risk-Monger When a train crashes, authorities are on the scene to determine the cause. The COVID-19 coronavirus is fast becoming a global train wreck and unless we quickly assess the the mistakes leading up to this tragedy, more trains will pile into the station. The longer the Risk-Monger gets in the tooth, the more global mass panic events […]
Corona and the local impact: what to do?
UDITE, Newsletter nr.4, 23 March 2020 Message du President UDITE, Mr. Paul Gatt For a short time now we have been living in a different world. A world where the Corona virus has created a health crisis with a major social and economic impact. Its effects will weigh heavily in the coming months. The care sector, with doctors and nurses […]
Resilience in an infected society
Ton Wilthagen and Paulien Bongers Resilience is the ability to anticipate, recover, and return to normal. But, we are also capable of eventually becoming stronger and better as a society, even as a result of an exceptional crisis caused by the corona outbreak. In his already historic television speech on March 16, the Dutch Prime Minister Rutte outlined the far-reaching […]
Corona: we knew she was coming but forgot about it
Jack Kruf* The recent outbreak of Corona gives rise to some personal thoughts. Of course we face a crisis and are trying to limit the outbreak. But we seem to have entered in the middle of movie, in a for most people strange world, where aliens are trying to take over our precious planet. Certain or uncertain? Some say we […]
Your Company Is Too Risk-Averse
Dan Lovallo, Tim Koller, Robert Uhlaner and Daniel Kahneman In theory, companies are supposed to create value for stakeholders by making risky investments. And as long as no single failure will sink the enterprise, those investments may be quite large. It won’t matter if even a significant percentage of them fail so long as the success of other bets compensates, which usually […]