Every decision you make comes with its own set of risks, and waiting until the next quarterly review to address them can leave your projects exposed. This guide is built on the idea that risk analysis should be embedded into every decision you make, not just as a periodic exercise to update an enterprise risk… Continue reading RISK-ACADEMY’s guide on risk reporting to the Board
Category: Research
Guide to inherent and residual risk
This guide covers the evolution and application of the concept of inherent risk, originally rooted in insurance practices. In the past, underwriters used Maximum Possible Loss (MPL) to assess potential catastrophic losses, focusing on worst-case scenarios. However, this approach was highly theoretical and often unrealistic. Over time, insurers transitioned to Estimated Maximum Loss (EML), which… Continue reading Guide to inherent and residual risk
AI applications for risk management
The traditional methods of risk management, while valuable, can be hindered by human biases, limited data analysis capabilities, and the sheer complexity of modern business operations. Artificial intelligence (AI) offers a transformative solution, empowering risk managers with the tools and insights needed to navigate uncertainties and make informed decisions. This comprehensive guide delves into the… Continue reading AI applications for risk management
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
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
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
RISK-ACADEMY’s Auditing Risk Management Guide
Welcome to the RISK-ACADEMY‘s Auditing Risk Management Guide, a comprehensive resource designed to help organizations assess and improve the effectiveness of their risk management practices. In today’s complex and uncertain business environment, effective risk management is more important than ever. As such, this guide aims to provide practical insights and recommendations for evaluating and enhancing your… Continue reading RISK-ACADEMY’s Auditing Risk Management Guide
