risk identification

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 […]

Narim conference stresses importance of work floor to risk management

“In recent years risk managers have focused on getting their voice heard in the boardroom, but according to Dutch risk managers, the work floor presents the biggest challenge to embedding risk management throughout an organisation. A pool of audience members at last week’s Netherlands Association of Risk and Insurance Managers (Narim) congress in Utrecht revealed that 64% consider the work […]

Climate and insurance

John Scott, CRO Zurich “When you read what’s written about climate change in the insurance industry, it generally falls into a couple of categories,” Scott says. “It is either broad and high-level, with papers written about the potential future impacts of climate change, or it is focused on adaptation, typically taking an underwriting view around minimising the impact of flooding […]

Global Risk Report 2014

By World Economic Forum “The Global Risks 2014 report highlights how global risks are not only interconnected but also have systemic impacts. To manage global risks effectively and build resilience to their impacts, better efforts are needed to understand, measure and foresee the evolution of interdependencies between risks, supplementing traditional risk-management tools with new concepts designed for uncertain environments. If […]

Political Risk Atlas 2014

By Maplecroft Quote from their presentation: “A significant increase in conflict, terrorism and regime instability in MENA (Middle East and North Africa), along with intensifying political violence and resource nationalism in East Africa, are among the key factors driving a global rise in political risks for investors, according to the sixth annual Political Risk Atlas (PRA) by global risk analytics company Maplecroft. In addition, […]

The role of emotions in judging the moral acceptability of risks

by Prof.dr. Sabine Roeser This paper argues that we need emotions in order to make a rational decision as to the moral acceptability of technological risks. Empirical research has shown that people rely on emotions in making judgments concerning risks. However, this does not as yet answer the following normative question and the main question of this paper: do we need emotions in order to […]

Clear risk reporting creates value

By Marinus de Pooter and Cees Visser  Organisations benefit from high-quality reporting about risk management. Stakeholders greatly appreciate receiving information about risks and about the way in which an organisation is managing these risks. Another benefit is that clear reporting forces the board to take stock and draw up a list of the risks and risk management systems. This is […]

Reducing Risk of Future Disasters

Source: Foresight Today, there are more people at risk from natural hazards than ever before, with those in developing countries particularly at risk. Whilst achieving the correct response to such disasters is critical, so too is forecasting events and planning to minimise their impact. The field of Disaster Risk Reduction (DRR) plays a critical role in this process, and this report […]

Big economies of the future most at risk from climate change

Source: Maplecroft A new global ranking, calculating the vulnerability of 170 countries to the impacts of climate change over the next 30 years, identifies some of the world’s largest and fastest-growing economies, including India, as facing the greatest risks to their populations, ecosystems and business environments.

Global Risks Report 2011

Source: World Economic Forum and Marsh & McLennan “The financial crisis has drained the world’s capacity for dealing with shocks. The frequency and severity of risks to global stability have amplified, while the ability of global governance systems to deal with them has not. From the Executive Summary The world is in no position to face major, new shocks. The […]

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 […]

PPP is a mindset: not a way of building

Author: Harry Sterk, Director of the Dutch Network* for Public Private Partnerships Source: RISK Management & Governance, Edition 6, Summer 2010 The major differences between traditional and PPP projects are, according to Harry sterk, the way costs are defined and how building plans are made. With a PPP project the total costs of a project are placed in light of […]

Result Global CEO Survey: Smarter Growth

13th Annual Global CEO Survey: Setting a smarter course for growth Source: PricewaterhouseCoopers In the 13th Annual Global CEO Survey we hear how businesses leaders responded to the challenges brought about by the recession, the concerns they are facing today and, reflecting on often difficult ‘lessons learned’, their strategies for positioning their companies for the long-term. The effects of the […]

Rethinking Risk Management in Financial Services

Practices from other domains Source: World Economic Forum, prepared in collaboration with The Boston Consulting Group. Letter from the Steering Committee: “The financial crisis has, to put it mildly, seriously challenged our traditional approach to risk management. Consequently, a number of individuals and institutions have advanced ideas for improving not only the analytical framework, but also the status and relevance […]

Risk analysis on society as a whole: Calling time on progress

Europeans thought they were progressing towards an ideal civilisation. Now time is up, and it hurts Source: the Economist “VIEWED from afar, Europeans are a complacent, ungrateful lot. Nannied from cradle to grave by the world’s most generous welfare systems, they squeal like spoiled children when asked to give up just a few of their playthings. As governments in the […]

Munich Re Climate Summit at Shanghai EXPO highlights risks and opportunities in climate change

Source: Munich Re, Press release “In China, an estimated 200 million people are impacted by natural catastrophes every year. The rising number of severe weather-related natural catastrophes, also due to climate change, is increasing losses and impacting economic development. Innovative insurance solutions can help those affected to mitigate the impact of climate change and to adapt to the changing environment. […]

Public Private Partnerships in a time of economic crisis

A waste of time or a calculated risk? Source: RISK Management & Governance, Edition 6, Summer 2010 On Thursday June 10 2010 PRIMO Europe organized its own round table. The meeting was very well attended. Over 50 people from not just the public but also the private sector attended the meeting. The private sector was well and widely represented by […]

EU policy guru: ‘Austerity plans risk stifling growth’

What risks are actual embedded in the approach of our public debt. It is clear that we should listen to one another, because one strategy seems not to fit all. Our public leaders Sarkozy, Obama and Merkel circle around the facts and the different strategies. This article shares a light on the different angles and aspects of the different approaches. […]

Risk assessment: Keep it simple

Source: INSEAD Knowledge “The ability to assess risk and uncertainty is critical for investment banks and businesses. While some may advocate the use of complex models, INSEAD Dean of Faculty and Professor of Decision Sciences, Anil Gaba, believes that if you’re looking to forecast risk, you’d do well to keep it simple. He’s on a search for convenient rules of […]

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 […]