Tag Archives: Enterprise risk management

Finding the opportunity in enterprise risk management: What’s in a name?

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The strategic chief resource officer realizes that enterprise risk management is about breaking down the silo mentality and analyzes risk and opportunity together. Continue reading →

2019: Most dangerous risks to insurers

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Six of the top 10 risks identified as most dangerous for 2019 were in the top 10 last year. The other four fell within last year’s top 18. Continue reading →

3 types of enterprise risk management and their roles in strategy

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There are many ways for enterprise risk management to be strategic, even without the risk reward component. But if you are a CRO and want to be seen as an obvious contributor to strategy, you need to keep the four stages of strategy and the contributions that your ERM program can make in mind throughout the year. Continue reading →

4 key steps to business strategy for CROs

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When we talked to 20 insurance executives about enterprise risk management and strategy, most responded to our questions with suggestions of how ERM teams could become more successful by interacting with planning and budgeting colleagues. But there’s more to strategy than planning and budgeting. Continue reading →

Start with these 3 functions when thinking about enterprise risk management

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This post is part of our “A Year in the Life of the Strategic CRO” series and is the first of three posts that will focus on the foundational elements of strategic enterprise risk management. How and which aspects of … Continue reading →

Eight key considerations for chief risk officers now that strategic planning is over

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Business planning for most insurers wrapped up a few weeks ago. For a chief risk officer (CRO) these sessions offer a key opportunity to share insights on the risks companies may face in the coming year, provided they have a … Continue reading →

8 reasons why energy companies should have an Enterprise Risk Management framework

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Establishing a resilient Enterprise Risk Management (ERM) framework can be a challenging process that requires a clear action plan with specific improvement points and defined timelines. And it’s for those reasons, along with lack of resources and determination that some … Continue reading →

5 questions hospital board members should ask about enterprise risk management

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Risk management in health care can vary greatly across different organizations. Yet the focus on managing risk should be an integral part of all boards of directors’ ongoing discussions. So what should the directors and their senior executives be thinking … Continue reading →

2018’s most dangerous risks for insurers

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One definition of insanity is “doing the same thing and expecting a different outcome.” Well, we asked insurers the same question in December 2017 that we asked in December 2016: What are the most dangerous risks to your company in … 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 →