Insurance buyers, listen up! You’re grappling with hard markets (which is just underwriters making excuses for messing up in the past or being clueless about the risks they’re taking on),… Continue reading Risk management is the best way to control insurance costs
Tag: risk management framework
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… Continue reading RISK-ACADEMY’s Auditing Risk Management Guide
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
Finally! An alternative to risk matrices
Ok, the title is obviously a joke, because the alternatives (multiple) have been available to anyone willing to learn for over 50 years. But since you clicked, this article will… Continue reading Finally! An alternative to risk matrices
What competencies should risk managers outside of banks and insurance companies really have?
Originally written for RM GURU and posted on http://riskmanagementguru.com/competencies-risk-managers-non-financial-companies-really.html/ Here is also a short video summary of the article: https://www.youtube.com/watch?v=nqmnycKZwgg A while back I saw some discussions about competencies that risk… Continue reading What competencies should risk managers outside of banks and insurance companies really have?
4 steps to integrate risk management into strategic planning
Let me first start by saying integrating risk management into strategic planning is NOT doing a strategic risk assessment or even having a risk conversation at the strategy setting meeting,… Continue reading 4 steps to integrate risk management into strategic planning
What should a typical risk management framework include?
What should a typical risk management framework include? Should an organisation develop a single integrated risk management framework document or is there a better way to integrate risk management into business processes and corporate culture?
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Risk management used to be a science, then it became an art, now it’s just bullsh@t
Latest views from Alex Sidorenko on how “innovation”, lack of business acumen and consultants are killing modern risk management in non-financial organizations. First there was science… Some sources suggest probability… Continue reading Risk management used to be a science, then it became an art, now it’s just bullsh@t