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…
Category: Risk management
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?
RAW@AI – Risk Management Advisor
We are thrilled to announce the launch of RAW (Risk Academy Wisdom), a cutting-edge AI chatbot designed to help you navigate the world of risk management with ease. Created by RISK-ACADEMY, RAW has been meticulously trained on our extensive collection of blogs, guides, and Alex Sidorenko’s influential book on risk management. RAW is not just… Continue reading RAW@AI – Risk Management Advisor
RISK-ACADEMY’s Risk Management FAQ
Welcome to the RISK-ACADEMY guide on risk management! This guide provides expert insights and practical guidance on various aspects of risk management, ranging from risk identification and assessment to risk response planning and risk management integration with organizational strategy. Whether you are a risk management professional or just starting to explore the field of risk… Continue reading RISK-ACADEMY’s Risk Management FAQ
RISK-ACADEMY’s guide to risk analysis in insurance buying
Confused about securing the right insurance coverage for your business? Look no further! Our new guide provides expert insights, practical advice, and real-life examples to help you confidently navigate the insurance landscape. 🌐 Learn how to: ✅ Assess your company’s risk profile ✅ Identify and shortlist insurance brokers ✅ Prepare an insurance submission ✅ Market… Continue reading RISK-ACADEMY’s guide to risk analysis in insurance buying
RISK-ACADEMY’s Guide to Risk Management Implementation
📣 Introducing the RISK-ACADEMY’s Ultimate Guide to Risk Management Implementation! 📚 Our comprehensive guide covers everything from integrating risk management into decision-making processes to building a risk-aware culture within your organization. 🚀 Get ready to transform your risk management strategy with practical tips, real-life case studies, and expert insights. Don’t miss out on this essential… Continue reading RISK-ACADEMY’s Guide to Risk Management Implementation
