Survey Finds Alliance with Organizations and Risk Reporting Structures
NEW ORLEANS—Seventy-nine percent of companies are aligned with their risk management reporting structure, however, only 27% of risk professionals believe that emerging risks will be a company priority...
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Risks and Questions Surround 3D Printing Technology
NEW ORLEANS—One of the most promising new technologies to hit the wider market in recent years, 3D printing is poised to revolutionize manufacturing as we know it. Otherwise known as additive...
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ERM Seen as a Strategic Advantage by Global Insurers
Global insurers’ level of satisfaction with their enterprise risk management (ERM) performance grew by 10 percentage points over the last two years (63% compared to 53%). This was highlighted by a...
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How Does Google Face Global Challenges?
NEW YORK—Staying a step ahead of regulators around the world is challenging for any global business. For Google, it is a “significant challenge, to say the least,” said Andy Hinton, vice president of...
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Creating a Risk Intelligent Organization
Many organizations spend time and effort building and developing robust risk mitigation frameworks and strategies to handle business-specific risks. In spite of constant monitoring through dashboards...
View ArticleInsider Fraud: How to Identify and Prevent Internal Threats
Organizations of all sizes, across all industries have become data breach victims as cyber crooks become more sophisticated in identifying vulnerable targets. Attackers can compromise an organization...
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Defining Reputational Risk
The following article is part of a new blog series that will explore ideas, concepts, discussions, arguments and applications associated with the field of enterprise and strategic risk management. One...
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Gauging the Impact of Reputational Risk
The following article is part of a continuing blog series that will explore ideas, concepts, discussions, arguments and applications associated with the field of enterprise and strategic risk...
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Risk Managers’ Role in Addressing Climate Change
QUEBEC CITY, CANADA—Salutations de la ville de Québec! At the first day of this year’s RIMS Canada Conference, climate change quickly emerged as one of the key challenges facing risk managers—and an...
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10 Tips to Excel in ERM
CHICAGO—For many risk managers looking to implement enterprise risk management programs, one of the biggest challenges is figuring out how to do it properly. Unfortunately, as Steve Zawoyski, ERM...
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Emerging Market Risk: Leaders, Laggards and Rules for Avoiding Loss
When the developed world’s economies ground to a halt during the Great Recession of 2009, large, Western-based multinational companies turned their growth-hungry eyes toward developing markets. The...
View ArticleBalancing Risk and Compassion: Life Sciences Companies Face New Risks from...
Pharmaceutical companies operate with a singular objective: bring drugs to market. This is how they profit, how they ensure that their products help the most people, and how they maintain the resources...
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NYC Crane Collapse Part of a Troubling Trend
Last week’s crane collapse in Lower Manhattan, which killed one person and injured three others, has heightened focus on crane safety, resulting in stricter rules for operators. The 565-foot crane...
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Galaxy Quest: Assessing Space Commercialization
If a bunch of kids can launch a satellite into space, why can’t you? As reported by the Washington Post, seventh-graders at St. Thomas More Cathedral School in Arlington, Texas are the first grade...
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Internal Audit Role Expanding Further into Risk Areas
With more companies focusing on enterprise risk management and strategic risk, the role of internal auditors is being expanded to include risk identification and risk management, a study by the...
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How Cybersecure is Your Company?
It should come as no surprise that security has moved from an afterthought at global organizations to a front-and-center consideration, often involving the CEO and board of directors. Headlines of the...
View ArticleCaptive Growth Increases Need for Insurance-Experienced Board
The current climate for captive insurers is gravitating toward encouraging captives—including single-parent, association and agent-owned—to appoint experienced, independent directors to their boards....
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Creating a Strong Defense and Offense in Your Risk Management Program
Stakeholders demand that companies grow, but at the same time, they expect growth to be managed to make sure the brand is not tarnished. That means enabling value as well as protecting value, which...
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Building a Successful ERM Program
Iman H. Al-Gharabally is responsible for the enterprise risk management program at Kuwait Petroleum Corporation (KPC) and its subsidiaries since 2004. She is the team leader, coordinator and project...
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Key Steps to a Robust Risk Management Program
Our business environment is constantly changing—technologies improve, regulations are modified, competition increases, and demand evolves. Effective risk management grants an ability to adapt to these...
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