Risk and insurance managers need to assess a diverse range of risk. Fortunately, there are plenty of tools available to analyze and predict the risk, one of which is loss triangles. Loss triangles are [...]
If the recent past is any indication, the not-so-distant future is likely to bring about even more complicated challenges in 2024 and beyond. However, with these challenges come opportunities as well, and firms with [...]
How to Make the Most of Your 2021 Risk Budget Jim Wetekamp, CEO Riskonnect Global manufacturers, among the hardest-hit by the COVID-19 pandemic, are looking for tangible ways to bolster resiliency – and [...]
A strong GRC software solution (governance, risk, and compliance) gives risk managers the infrastructure to link risk with strategy, uncover new opportunities for taking calculated risks, and provide valuable and quick council to leadership. [...]
Operational resilience is becoming an increasingly familiar phrase circulating the UK financial services industry. UK regulators have issued plenty of guidance already – and more is expected as requirements continue to be refined.Here’s a recap [...]
When it comes to risk, every potential scenario is on the table. Often, the most impactful situations are born from risks that were so far-fetched not even the most strategic and vigilant risk managers saw [...]
NASA recently performed a worst-case scenario simulation demonstrating what would happen if a giant asteroid crashed into NYC. Although highly unlikely, NASA wanted the issue to be exposed and planned for, given natural disasters are [...]
When low pressure weather systems draw upon warm water and atmospheric moisture, it’s a recipe for tropical disaster: a powerful and very damaging hurricane. The impact of such natural events certainly reaches businesses on land, [...]
New tools and tech – artificial intelligence, automation, social platforms and more – promise to add more convenience to daily tasks, or make our businesses run faster and smarter than ever before. Yet the same [...]
According to Murphy’s Law, if something can go wrong, it will. The saying was birthed at Edwards Air Force Base in 1949 by Captain Edward Murphy, an engineer working to see how much deceleration a [...]
When it comes to managing your health, it’s wise to be proactive and get routine testing, vaccinations and physicals done to take care of issues before they turn into bigger health problems down the [...]
In business, the “it won’t happen to me” mindset isn’t just blind optimism -- it’s an inherently flawed and frankly irresponsible approach to risk management. The reality is risk is everywhere – the question [...]
