Risk Management

"Manage" is a verb, not a noun. It is activity, not an item. But most ERM systems don’t “manage” risk; they just record it.  

By the time companies get halfway through the implementation of a risk management framework, it has already become obsolete.

Most certification programs are useless, because they focus on treating risk management as a stand-alone independent process.

One business may look for competitive advantages through bigger gambles, while another may avoid risk to the extent possible.

A survey finds insurers' chief risk officers engaged on high-priority strategic and business-driven issues.

Less than half of the respondents surveyed describe risk management processes as "mature" or "robust."

Benefits include improved risk transfer and control, plus validation of risk and insurance management practices, activities and decisions.

Increasingly, leaders are looking at other risks, which have not been measurable or predictable in the past, but are becoming more so.