Risk Response Network

Source: World Economic Forum “The World Economic Forum launches the Risk Response Network on the opening day of the World Economic Forum Annual Meeting in Davos. The world has fundamentally changed and this new reality calls for more foresight and collective action to address a broad range of global risks. The network will address concerns about widening economic inequalities and […]

A worldwide Network for Responding to the Next Crisis

source: World Economic Forum “In the year ahead, the World Economic Forum will embark on an ambitious undertaking: the creation of a platform to enable decision makers around the world to pool knowledge about the risks they face, to share best practices in risk management, and to respond collectively to emerging threats. This initiative, the Risk Response Network, recognizes that […]

Risk management at the top level in Europe

Source: FERMA Risk management is now on the agenda for top management, the board and shareholders, which clearly support and sponsor the function. This finding comes from what is probably the most representative ever survey of opinion on risk and insurance management in Europe, the 2010 risk management benchmarking survey of the Federation of European Risk Management Associations (FERMA). The […]

An Unrealized Opportunity for Revenue, Risk Free

Source: ICMA (International City/County Management Association) by Ron Blanquie “It’s no wonder that risk management’s public role is often underused and misunderstood. Government entities have incorrectly concluded that risk management’s overall costs can only be tethered but not controlled or reduced. Public entities in California today face an unprecedented challenge as they try to maintain the levels of public service […]

A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000

Source: © Airmic, Alarm, IRM Executive Summary ‘Risk management is an increasingly important business driver and stakeholders have become much more concerned about risk. Risk may be a driver of strategic decisions, it may be a cause of uncertainty in the organisation or it may simply be embedded in the activities of the organisation. An enterprise-wide approach to risk management […]

Risk Management Survey Alarm 2009

Risk management in public service organisations has come a long way in the ten years since Alarm became involved in tracking the development and progress of this discipline with the first triennial survey in 2000. Alarm’s Chief Executive Dr Lynn Drennan reviews the outcomes of the 2009 Triennial Benchmarking Risk Management Survey. This article was first published in the Spring […]

OECD Studies in Risk Management

Innovation in country Risk Management In the end of 2009, the Organisation for Economic Cooperation and Development (OECD) conducted a research about Risk Management in multiple OECD countries. The Futures Project on Risk Management Policies aims to assist OECD countries in identifying the challenges of managing risks in the 21st century, and contributing to their reflection on how to best […]

Global Risks 2010

A Global Risk Network Report In January 2010 the World Economic Forum published a Global Risk Network Report in collaboration with Citi, Marsh & McLennan Companies (MMC), Swiss Re., Wharton School Risk Center and Zurich Financial Services. The full research report is available on the website of the World Economic Forum. After the shock to the global financial system and […]

Risk and uncertainty

Part of the lecture “Truth, authority and policy in the twenty-first century” by Lisa Anderson (source The Thinking State, WRR Lecture 2007) “Considerable behavioral research suggests that the further away in both space and time a prospective risk seems to be, the less likely we are to take action to address or mitigate the risk itself. As Elke Weber puts […]

Competencies for Risk Managers

26th March 2009, Alarm Launches National Competencies for Risk Managers White Paper. We recommend to join this project, managed by Peter Andrews, Vice Chair of Alarm. The National Competencies for Risk Managers Discussion Document sets out a definition of the role of the public risk managers and the skills, behaviours, knowledge and understanding which underpin effective performance in the role. […]

John Adams on Risk

Risk Management: It’s Not Rocket Science – It’s Much More Complicated. In popular imagination, rocket science is the totemic example of scientific complexity. I will argue here that risk management is in fact much more complex. To put it another way, the scientist studying turbulence “the clouds do not react to what the weatherman or physicist says about them”. The […]