When you think of movies, the genres of action, romance, or perhaps drama might come to mind. But what if I told you that some of the most compelling tales of risk management, decision science, and behavioural economics come packaged in the very films we cherish? This isn’t just about Wall Street dramas or high-stakes… Continue reading 10 MORE movies risk managers should watch to understand risk based decision making, based on the social comments
Author: Alex Sidorenko
10 movies risk managers should watch to understand risk based decision making
When you think of movies, the genres of action, romance, or perhaps drama might come to mind. But what if I told you that some of the most compelling tales of risk management, decision science, and behavioural economics come packaged in the very films we cherish? This isn’t just about Wall Street dramas or high-stakes… Continue reading 10 movies risk managers should watch to understand risk based decision making
Download your free risk culture action plan
Facing challenges integrating risk management into your day-to-day operations? Look no further. Our action plan offers a meticulous roadmap designed to nurture and instil a risk-aware culture across every facet of your organization. Why is this essential for you? 🔍 Adopting a risk-aware mindset is no longer just a necessity—it’s a competitive advantage. What’s inside?… Continue reading Download your free risk culture action plan
Risk Parenting 101. Risk managers’ guide to teaching kids life’s biggest risks
Welcome to the ever important world of ‘Risk Parenting!’ As risk managers, we strugle to integrate quantitative risk analysis into decision making because most counterparties prefer heatmaps to loss exceedance curves. Let’s change the game, educate future decision makers from when they are young. How about introducing these concepts at home? Can your child discern… Continue reading Risk Parenting 101. Risk managers’ guide to teaching kids life’s biggest risks
The loss curve conversation brokers should be having with clients, but alas…
In my years as a head of risk and, more recently, insurance, I’ve come to cherish statistics and transparency over sales pitches and empty promises. The insurance sector, despite its vast potential for foresight, often leaves me yearning for a deeper connection to raw data. The dream? A world where insurance brokers initiate their discussions… Continue reading The loss curve conversation brokers should be having with clients, but alas…
Talking about risk is p95 and listening is p100, mismatch between risk team and executives
Communication is the lifeblood of decision making, the bridge that connects us to one another and to our shared goals. Corporate decision making is a complex dance of encoding and decoding, speaking and listening, sending and receiving, arguments and counterarguments. But what happens when the dance is out of sync? When the speaker communicates risks… Continue reading Talking about risk is p95 and listening is p100, mismatch between risk team and executives
Free procurement risk identification checklist
This Risk Identification Checklist for Procurement is a valuable tool designed to guide you through the procurement process, helping you identify, assess, and manage potential risks at every stage. It covers a wide range of potential risks, from defining the procurement need to the delivery and use of the procured products or services, including the… Continue reading Free procurement risk identification checklist
Best Risk Management Prompts for ChatGPT
📣 Excited to share our new guide, “Best Risk Management Prompts for ChatGPT!” 🔥 This comprehensive resource taps into the power of AI to elevate your organization’s risk management process. From identifying risks to integrating them into decision-making, the guide offers practical prompts to help you use ChatGPT effectively at every step. But we didn’t… Continue reading Best Risk Management Prompts for ChatGPT
Important innovation in risk management – SIPmath™ 3.0 Standard
The AC Current Standard and First Industrial Power Plant of Chancification by Sam Savage ProbabilityManagement.org is proud to announce the first general release of the SIPmath 3.0 Standard for storing virtual SIPs in the universal JSON format. And we are delighted that the latest Analytic Solver from Frontline Systems both reads and writes this format.… Continue reading Important innovation in risk management – SIPmath™ 3.0 Standard
Why are risk managers so bad at root cause analysis?
It’s puzzling, isn’t it? Risk management, a field that has been formalized and standardized in non-financial companies since the 1990s and accepted widely by 2009 with the publication of ISO31000, somehow doesn’t seem to make the seismic shifts we anticipated. As I leaf through articles in Forbes, I find more “risk management has failed again”… Continue reading Why are risk managers so bad at root cause analysis?
