Publications

COSO and the changing Risk Landscape

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its highly anticipated ERM Framework: Enterprise Risk Management–Integrating with Strategy and Performance. This new document builds on its predecessor, Enterprise Risk Management–Integrated Framework, one of the most widely recognized and applied risk management frameworks in the world. The updated edition is designed to help organizations create, preserve, and realize […]

The Undoing Project

This is the extraordinary story – The Undoing Project: A Friendship that Changed the World, published by W.W. Norton & Company – of the two men whose ideas changed the world. Daniel Kahneman and Amos Tversky met in war-torn 1960s Israel. Both were gifted young psychology professors: Kahneman a rootless son of holocaust survivors who saw the world as a problem […]

High and Dry: Climate Change, Water and the Economy

By World Bank Group From Executive Summary: “The impacts of climate change will be channeled primarily through the water cycle, with consequences that could be large and uneven across the globe. Water-related climate risks cascade through food, energy, urban, and environmental systems. Growing populations, rising incomes, and expanding cities will converge upon a world where the demand for water rises […]

European Public Sector Award 2015

By Harrie Scholtens In 2015 the European Institute of Public Administration (EIPA) was the proud organiser of the 2015 Edition of the European Public Sector Award (EPSA), the fifth edition since the beginning. The EPSA was first awarded in 2007 and since then takes place every two years. EIPA has organised and managed it for the fourth time in a […]

Antarctic model raises prospect of unstoppable ice collapse

Source: Nature Choices that the world makes this century could determine the fate of the massive Antarctic ice sheet. A study published online this week in Nature1 finds that continued growth in greenhouse-gas emissions over the next several decades could trigger an unstoppable collapse of Antarctica’s ice — raising sea levels by more than a metre by 2100 and more than 15 metres by […]

Stunning Acceleration of Sea Level Rise

The scientists reported in a paper published Monday 22nd of February 2016 in Proceedings of the National Academy of Sciences that they have greater than 95 percent certainty that at least half of more than 5 inches of sea level rise they detected during the 20th century was directly caused by global warming. If we stop polluting now the rise will be […]

Nuclear Security Index: Theft & Sabotage

This report of the Nuclear Threat Initiative (NTI) points out that many countries are well prepared for a cyber attack on their nuclear installations. The third Nuclear Security Index gives an overview of the readiness of countries for the protection of their nuclear installations against sabotage and cyber attacks. Co-Chairman and CEO Sam Nunn concludes in his introduction: ‘I believe […]

Compliance Horizon Survey 2015

The Risk Advisory Group surveyed over 200 compliance professionals in their Compliance Horizon Survey 2015 from across the UK, Europe and beyond to pinpoint the key issues for the industry going in to 2016.  The respondents said they exposed to risk and lack confidence in their team’s resources to protect the business. The headlines: Quote The majority (83 per cent) of compliance […]

Territorial Cohesion and Urban Policy

Committee of the Regions | 27 November 2015 On the occasion of the informal ministerial meetings on Territorial Cohesion and Urban Policy which took place on November 26th and 27th, ministers discussed how to keep a balance in the development opportunities on the European Territory.  In the first place, ministers agreed that the European integration is actually under pressure. Europe is […]

Breaking the Tragedy of the Horizon – climate change and financial stability

Mike Carney, Governor of the Bank of England Chairman of the Financial Stability Board, gave its speech at  Lloyd’s of London, 29 September 2015. He focuses on the facts and the consequences for our architecture of government, safety, insurance and financial stability of the world economy. A quote: “There are three broad channels through which climate change can affect financial […]

Lloyd’s City Risk Index 2015-2025

Lloyd’s City Risk Index 2015-2025 analyses, for the first time, the potential impact on the economic output (GDP@Risk) of 301 of the world’s major cities from 18 manmade and natural threats: 301 cities, 18 threat, US$4.56trn at risk. Based on original research by the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School, the Index shows how governments, businesses and […]

Quality Manager becomes Risk Manager in ISO 9001:2015

ISO 9001:2015 sets out the new criteria for a quality management system and is the only standard in the family that can be certified to. It can be used by any organization, large or small, regardless of its field of activity. In fact, there are over one million companies and organizations in over 170 countries certified to ISO 9001. Interesting […]

Re-Thinking Public Risk

By Jack P. Kruf This newly designed PRIMO Magazine is dedicated to the process of rethinking of public risk. The term is so ambiguous that we think that more focus and precision in the use of the term public risk is needed. In fact public risk is closely linked to public value. Based on COSO II and ISO 31000 public risk can be […]

EU Cyber Security

Securing network and information systems in the EU is essential to ensure prosperity and to keep the online economy running. The European Union works on a number of fronts to ensure cybersecurity in Europe, from providing the delivery of better internet for kids to implementing the international cooperation on cybersecurity and cybercrime.Digital technologies and the Internet are the backbone of […]

AON’s Political Risk Map

Aon Risk Solutions, announced that its Interactive Political Risk Map. The online interactive map complements the print map, and was launched in partnership with Roubini Global Economics to expand the suite of tools offered to clients. It draws on 15 years of emerging market data collection to measure political risks in 163 countries and territories to help companies assess the risk levels of exchange transfer, legal […]

Swiss Re SONAR: New emerging risk insights

Swiss Re update report highlights new and emerging risks the re/insurance industry expects to face over the next few years: SONAR report looks at 21 emerging risk themes, their potential impact and cascading effects across the industry. The four emerging risks with the highest potential impact are de-globalisation, super natural catastrophes, the “great monetary experiment” and the challenge of the […]

Future of Insurance

How the tech- revolution is reshaping the way claims are handled. The insurance industry is undergoing a revolution – technological advancements are transforming how claims are processed, putting an end to labour-intensive systems. Europe-based manufacturer discovered recently, the value of a policy often becomes evident only after a company has suffered a loss and made a claim. Managers at the […]

The strategic importance of risk managing the supply chain

Risk managers should keep a handle on their supplier relationships as this can lead to significant gains. The corporate risks posed by a potential supply chain failure are leading more risk managers to keep a close handle on their supplier relationships and they are finding, in some instances, that significant gains can be made in the process. The latest spate […]

2015 Global Risk Management Survey

“Our 2015 Global Risk Management survey, compiled from responses from over 1,400 risk management professionals in 60 countries, shows companies grappling with new risks but differing on how they rank and how best to address them. Threats to companies’ reputations and cyber risk rank high among business leaders’ top risk concerns, while economic and regulatory risks along with increased competition […]

Public Perceptions of Climate Change as a Human Health Risk

Surveys of the United States, Canada and Malta International Journal of Environmental Research and Public Health “We used data from nationally representative surveys conducted in the United States, Canada and Malta between 2008 and 2009 to answer three questions: Does the public believe that climate change poses human health risks, and if so, are they seen as current or future risks? […]