What is a risk? It’s not what you think it is

If there is one thing I learned as a CRO, it is crucial to understand the nature of each and every risk we have to work with. I will no… Continue reading What is a risk? It’s not what you think it is

WATCH REPLAY: COVID-19: How did we get here? Where and how do we go from here?

https://2020.riskawarenessweek.com/talks/covid-19-how-did-we-get-here-where-and-how-do-we-go-from-here/ The spread of viral disease (COVID-19) was the last snowflake that caused the avalanche of global proportion. The inter-relationship of nonfinancial risks resulted in the new reality that we… Continue reading WATCH REPLAY: COVID-19: How did we get here? Where and how do we go from here?

WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home

The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone insurance… Continue reading WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home

Why risk community rejects science, logic and common sense

First, I wanted to share an extract from the book I am reading at the moment Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and… Continue reading Why risk community rejects science, logic and common sense

Share your risk management story and win a free VIP pass to #RAW2020

Share your risk management story in the comments below and get a chance to win a free VIP pass to #RAW2020 (valued at $100): https://2020.riskawarenessweek.com/ RAW2020 is dedicated to sharing… Continue reading Share your risk management story and win a free VIP pass to #RAW2020

WATCH REPLAY: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

https://2020.riskawarenessweek.com/talks/impact-of-covid-19-outbreak-on-top-risks/ This talk shows what has been done to assess the impact of Covid-19 pandemic outbreak on the most important risks of the company (Top Risks). The idea was that… Continue reading WATCH REPLAY: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home – Annette Hofmann

https://2020.riskawarenessweek.com/talks/dr-annette-hofmann/ The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone… Continue reading WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home – Annette Hofmann

The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even… Continue reading The better alternative to “inherent” and “residual” risk concepts

5 red flags 🚩when just starting to implement risk management

Ok, the title is obviously irony, because no organisation on the planet is ever “just” starting to implement risk management” or “starting from scratch”. Organisations have been making risk-based decisions… Continue reading 5 red flags 🚩when just starting to implement risk management

Tailor-made risk management documents (RM1 package)

For years I’ve tried to do one good risk management, but in reality, there at least 2 risk management. There is risk management 1 – risk management for external stakeholders (board members, auditors, regulators, government, credit rating agencies, insurance companies and banks) and risk management 2 – risk management for the decision makers inside the company. While I strongly believe risk managers should spend 90% or more of their time on RM2, RM1 is not going to go away any time soon.

This product is designed to save risk managers an enormous amount of time by providing most, if not all, documents required under RM1. See description below for more details.