What Gets Missed in Risk Management By Alexei Sidorenko Risk managers need to start by embedding elements of analysis into decision-making processes, expanding the scope over time.
4 Disasters That Never Should Have Occurred By Michael Elliott Here are four of the biggest risk management disasters in history – and how the risk management industry has learned from them.
Who Should Manage the Risk Manager? By Alexei Sidorenko It actually doesn't matter as long as two important criteria are met, but here are five reasons why Internal Audit is a good home.
A New Paradigm for Risk Management? By Gert Cruywagen The focus is shifting to “opportunities” and the “potential positive effects” of risk, and only thereafter on “negative effects.”
3 Things SMEs Can Teach Big Firms By Alexei Sidorenko Risk managers, take note: Small firms know that, unless an activity directly contributes to achieving objectives, it's not going to be done.
What Liabilities Do Robots Create? By Jesse Lyon Advanced robotics is going to thrust upon insurers a world that is extremely different from the one they sought to indemnify in the 20th century.
New Guidance on Operational Risk By Norman Marks The guidelines make good points on how to manage risk but miss a key question: When should an organization <em>seek</em> risk?
Building a Risk Culture Is Simple--Really But remember: The only person in the company who thinks a strong risk culture is a positive thing is the risk manager.
Auto Insurance in an Existential Crisis By Stephen Applebaum Alan Demers The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets.
The Promise of Continuous Underwriting By Bill Deemer Bobby Touran Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
Convergence and the Insurance Ecosystem By Stephen Applebaum Alan Demers Companies must anticipate the future, innovate beyond their core and transform their capabilities as rapidly as technology allows.
Lemonade's 'Synthetic Agent' Nonsense By Matteo Carbone Desperate for growth, Lemonade produces another howler: A lender receiving a 16% interest rate is presented as a (synthetic) agent.