Tag Archives: Risk culture

CRO ‘elevator speeches’ for strategy meetings

Woman holding some documents in her left hand while using he right hand to touch a graph on a giant touch screen

Prepared "elevator speeches" can be an effective communication tool to help CROs cover the essential points of a topic without going into unnecessary technical details. Continue reading →

Changing risk culture and the dynamic CRO

a pile of buttons with the word "risk" and a one with "reward"

Establishing a consistent and enterprise-wide risk management framework, supported by a strong risk culture, aids business resilience. It can also help organizations identify and take advantage of the right strategic opportunities and ultimately gain competitive advantage. Continue reading →

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

woman holding tablet and pointing to whiteboard

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 →

The insurance industry’s InsurTech autoimmune disorder

man sitting in front of a laptop with a pensive look

The warning signs and five steps to avoid the condition In my experience, large, highly successful companies tend to do three basic things extremely well: They protect the core business, manage risk and avoid big mistakes. Over time, these capabilities … Continue reading →

Influencing risk culture within the transport industry

A fatal tram accident, online retailers’ accusations of dangerous driving practices, and a conviction following a fatal road collision have pushed fleet operators and their risk management practices into the spotlight in recent months. As well as the human cost, … Continue reading →

What does a good risk culture look like?

In 2012, a major international bank disclosed a multi-billion-dollar trading loss on its synthetic trading portfolio. By its own admission, the events that led to the company’s losses included inadequate understanding by the traders of the risks they were taking; … Continue reading →

How to measure risk culture

blocks spelling out the word "RISK" set against a ruler

What gets measured gets managed, and that certainly holds true for risk culture. But how do you measure it? The very notion of organisational culture can seem difficult to describe, let alone quantify or manage. As a result, many companies … Continue reading →

Managing and improving an organisation’s risk culture

This is the second in a series of blogs on risk culture. In this post, we address the fundamentals of improving an organization’s risk culture. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, … Continue reading →

What is risk culture?

Risk Culture – This is the first in a series of blogs on risk culture. We start the fundamentals and a definition. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, how to understand … Continue reading →

All on the Same Train, but Heading in Different Directions: Risk Attitudes and Implications for forming a Risk Culture

The term risk culture refers to how things are seen, done and justified. It’s not the explanation of last resort to be used only when other explanations—economic, demographic, organizational—are inadequate, i.e. “Oh well, it must be cultural then.” Continue reading →