RAW@AI offers risk management and quantitative risk assessment support to help you make informed decisions. Our AI-powered set of tools simplifies complex risk management tasks, saving you time and effort. RAW@AI can do your research, identify risks, write perfect risk descriptions, break down complex risks and suggest mitigations, write risk management policies, quantify risks and… Continue reading Try RAW@AI, probably the best risk management AI assistant on the planet
Tag: quantitative risk assessment
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
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
The lamest excuse for not quantifying risk and you are probably guilty of it too…
Every time risk professionals would have a conversation about risk analysis and specifically risk quantification, someone, inevitably, would come in on a high horse and use this excuse to supposedly undermine the conversation. The argument is completely false and yet, sure as day and night, someone always repeats it. See if you can spot it… Continue reading The lamest excuse for not quantifying risk and you are probably guilty of it too…
4 types of risk analysis, 1 bad and 3 good examples
Say what you will about risk management in financial services, one thing is for sure, it is much more mature than risk management outside of financial services, at least when it comes to credit and market risks. Don’t get me started on operational risk management at banks, it is often embarrassing to put it mildly.… Continue reading 4 types of risk analysis, 1 bad and 3 good examples
5-week risk quantification bootcamp by Alex Sidorenko and #Archer
Archer got together with Alex Sidorenko, FERMA Risk Manager of the Year 2021, RIMS International Honoree 2021, to create this practical bootcamp designed to help companies implement quantitative risk management that pays for itself. Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the… Continue reading 5-week risk quantification bootcamp by Alex Sidorenko and #Archer
3 steps to make your business more resilient
Don’t ignore expected losses In risk management there is a concept that will be useful for any business out there, it is called – EXPECTED LOSSES. This means that certain risks are inevitable and will occur no matter what. Stealing in retail, foreign exchange fluctuations or customer bad debts are all examples of losses that… Continue reading 3 steps to make your business more resilient
You can quantify any risk on the planet, just follow these steps
While I written this post about compliance risks in the past, I later applied exactly the same math and logic to any non financial risk, including intellectual property, legal, environmental, ESG and most other risks you can think of. Follow this step by step guide to quantify most non financial risks or if you want… Continue reading You can quantify any risk on the planet, just follow these steps
Is your risk manager a USER or a GENERATOR? What about you?
I bet every person working in a large corporation or reading me on LinkedIn knows at least one risk manager. Maybe you like them, maybe you ignore them, but can you tell whether your risk manager friend is a “USER” or a “GENERATOR”? Sam Savage has been popularising the idea of different risk management roles… Continue reading Is your risk manager a USER or a GENERATOR? What about you?
