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Risk

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July 2018

Risk as a value generator

Embracing complexity, developing forward-looking risk capability and optimizing the ‘total cost of risk’

Boards and investors of leading corporations are necessarily becoming more active in risk management. However, effectively tackling what are often unforeseen risks is increasingly challenging as the risk landscape becomes ever more complex. Embracing this complexity requires a truly forward-looking...
Risk
March 2018

Loss prevention framework for insurance companies

An innovative approach to measuring and controlling risk

Innovative, homogenous and structured risk valuation approaches have played a unique role in reducing risk exposure and uncertainty surrounding insurance companies. However, market resilience, lack of information and specialty business require a tune-up in subjective and swung risk valuations. A...
Financial services, Strategy, Organization & transformation, Risk
December 2017

Effective corporate risk governance

Mastering risk governance in an increasingly uncertain and fast-changing world

Failures in risk governance are visible on a daily basis through “breaking news” stories which demonstrate limitations in the effectiveness of typical approaches to risk management. The evolving business environment – breakthrough innovations, new security risks, accelerated diversification of...
Risk
November 2017

Generating business value from data

Safeguarding reputation and improving efficiency through data-driven risk models

With advances in technology, companies are now collecting far greater quantities of data about their business processes and assets than before. However, existing assurance processes rarely benefit from this data, which limits access to richer insight and may lead to false assurance on...
Risk
October 2017

Beyond carrots and sticks

Unlocking safety gains through understanding irrational behavior

Many organizations that have undertaken safety improvement initiatives have found that while easy wins are typically accomplished early on, further progress often becomes increasingly difficult. Safety improvement typically depends on changing human behavior, which is driven by underlying...
Risk
November 2016

Corporate leadership beyond the gates

Extending governance of safety risk to off-site transportation

The corporate leadership agenda has become busier over the last decade as the world’s largest firms come under increasing scrutiny from a broader range of stakeholders. Beyond legal obligations, risks and opportunities for corporate reputation arise from matters such as carbon, water and community...
Risk
September 2016

Escalating fines for safety offences

Since the introduction of new sentencing guidelines in February 2016, companies have seen much larger fines for health and safety violations

New sentencing guidelines are evidently changing the landscape for health and safety prosecutions. Executives should be aware of these changes and the potential implications on their businessSince 1974, the Health and Safety at Work etc. Act has been the backbone of the legislative framework...
Risk
June 2016

Embracing complexity with value-based risk management

In the current environment uncertainties seem to be everywhere, making strategic planning more difficult than ever. Many companies use enterprise risk management (ERM) as a proven framework for managing risk. However, businesses are now looking to improve their track records when it comes to...
Risk
May 2016

Why risk management is failing

Embracing complexity and uncertainty with value-based risk management

A different approach - "value-based risk management" - can help organizations strengthen their decision-making capabilities and ultimately achieve better alignment with the strategic needs of the business.
Risk
May 2016

Assurance of your growing business

Are your new operations really as ready as you think?

As corporations extend their footprint into new geographies or new types of operations they face many challenges, not least of which is the potential for unexpected losses that can damage operations, corporate reputation, brand and business performance. Establishing strong and safe operational...
Travel & transportation, Risk