Risk Management

Risk leaders increasingly need broader experience and capabilities and should hone their skills outside their organizations.

The first of five parts explains what education a risk leader should have, as well as what background in the company and industry.

Insurers generally say their biggest enterprise risk comes from underwriting, but a quick test will usually show them they are wrong.

This article, the third in a series, says there is a hard way (crises) or an easy way (risk appetite frameworks) to find the right level.

You must factor in competing national cultures, sub-cultures, Maslow’s theory on self-actualization and the informal groups in the company.

Outsourcing has been a boon to profits, but the cost savings carry risks if they come through low safety standards, poor quality control, etc.

Risk managers historically bought services separately, but developments -- mostly technology -- should prompt a new look at bundles.

You could say it was the lack of ISO 31000 -- or, at least, the ship's builders lack of attention to the potential for cascading risks.