Key risk indicators – or KRIs – are canary-in-the-coalmine metrics that can alert you to changing conditions. They are your early indication of an increase or decrease in risk exposure in various areas of [...]
DOWNLOAD THE INDUSTRY ISSUE Any new medical device or medicine must undergo clinical trials to ensure safety and efficacy before it can be brought to market – and no clinical trial can begin without proper [...]
Tail risk, that is risk with low probability and high impact, is often neglected by traditional enterprise risk management. Indeed, the rarity of tail risks makes them easy to overlook, especially when so many everyday [...]
Enterprise risk management (ERM) Software helps organizations identify risks in information systems and critical technologies, so the organization can make plans to deal with those risks, document the response when something does happen, and improve [...]
A good risk culture should reward decision-makers at all levels of the hierarchy and enable them to take the right risks while being as well informed as possible . The following criteria make it possible to recognize the success [...]
A risk maturity model is a tool to assess the effectiveness of an organization’s risk management efforts. In other words, how well do your functions and processes enable risk-aware decisions that support key enterprise [...]
Business risks are any type of potential threat to an organization's profits, overarching goals, or overall safety. There are both internal and external risks to consider, and BUSINESSES HAVE BEEN MANAGING BUSINESS RISKS FOR YEARS. Some [...]
From the initial and ongoing impact of the pandemic to geopolitical conflicts that continue to play out in today’s headlines, monumental challenges over the past several years have forced insurance carriers and the industry [...]
Taking a Q&A format, this short blog provides an overview of how Monte Carlo Analysis, the technique first used by scientists working on the atom bomb back in the 1940s, can help risk and project [...]
While it may be easy enough for risk professionals to appreciate the benefits that Enterprise Risk Management (ERM) can bring in driving robust risk management processes within an organization, it may be trickier to put [...]
“It is impossible to drive a car without access to metrics on factors like speed or temperature. Similarly, management requires metrics to support effective decision-making and to ensure that they steer the organization away from [...]
Risk data provides organizations with the opportunity to leverage information that will help to drive a more robust operational risk management (ORM) program, embedded within an effective enterprise risk management (ERM) framework. The imperative therefore [...]
