Tag Archives: risk management

How a new breed of analytics is enabling holistic risk management decision making

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The confluence of data and technology have changed the game for risk management, but most organizations have felt only partial effects. The availability and storage of data, processing power and predictive modeling techniques have increased our risk quantification abilities more … Continue reading →

Using the ERM framework to support capital management

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The strategic CRO can champion the idea that risk and capital are two sides of the same coin. Traditionally the risk and capital teams have often worked independently, but supporting one another enhances strategic, capital management and risk management decisions. Continue reading →

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 →

How forward-thinking power companies are managing their geopolitical risks

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What can we learn from how the most sophisticated power companies on the planet are integrating geopolitical risk management into their strategies and operations? We’ve been researching the latest thinking from business, government and academia on managing geopolitical risks, and four key steps have emerged. But first, what are the key geopolitical drivers of risk? Continue reading →

2019: Most dangerous risks to insurers

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

Instability in countries like Venezuela highlights need for political risk insurance

Faut-il réinventer le salaire de base?

As Venezuela’s economic and political crisis reaches a boiling point, it serves as a cautionary tale to corporations that have invested in fast growing but increasingly unstable economies. 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 →

Settlement deliberations are not privileged

A judge talking to two lawyers in the hall of a marble building

You sit on the board of a company which is sued for £100 million. The company’s lawyers advise that the claim is a try-on and should be resisted. Three years later, after £2 million has been spent on defense costs … 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 →