Tag Archives: risk management

Addressing the human element in cyber risk: The HR/risk management partnership

According to the latest research by Willis Towers Watson, cyber security continues to be widely viewed as a fundamental challenge (66%) and a top priority for organizations (85%). What’s more, the 2017 Willis Towers Watson Cyber Risk Employer Survey shows … Continue reading →

Discipline is key to ERM

Risk management matters the most when it is the most expensive and most difficult. But unless the regular steps of risk management have already become muscle memory, it is much less likely that you will even think to do your … Continue reading →

Conduct risk and culture

Culture matters “Culture” within the financial sector has received significant attention since the financial crisis. As we have seen in several high-profile examples, poor culture within the financial sector can and does have a significant impact upon revenue, reputation, regulatory … Continue reading →

Guide to basic economics behind insurance

Why do financial institutions buy insurance? There is something counter-intuitive about one financial institution agreeing to guarantee the risk of another financial institution. To understand why any corporation buys insurance it is important to understand the economics and motivations behind … Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Chief Risk Officer 3.0: Darwinism at Work

The role of the chief risk officer (CRO) in European insurance companies has evolved quickly in the last 20 years. Now, I believe that the passage of Solvency II is moving the goalposts again. Continue reading →

Insurance as a Strategic Enabler

Understanding where a company wants to be in the future, identifying risks that might stop it getting there, and working with risk advisers and insurers to get the right risk management, transfer and mitigation strategies in place, all help build … Continue reading →

The Construction Talent Shortage: A Risk In Need of Management

I spoke to three construction CEOs this week and each of them confided separately that their number one concern right now is finding qualified people to do the construction that’s picked up as the Great Recession shrinks in the rearview … Continue reading →

Risk Management: Adaptability is Key to Success

There is no single approach to risk management that will work for all risks nor, for any one risk, is there any one approach to risk management that will work for all times. Rational adaptability is the strategy of altering … Continue reading →

Managing People Risk in Financial Times Special Report

people risk

Companies should look beyond the surface level to accurately quantify the risks associated with people and behaviour. That is according to Steve Saporito, Chief Executive for the Americas at Willis Global Solutions Consulting Group who was recently featured in a … Continue reading →