Risk Management

Insurers of all sizes need to take note of changes in the risk landscape and continuously improve their ERM practices.

Risk practitioners are finally catching on about building risk culture, but a whole bunch of self-proclaimed experts are talking absolute garbage.

In most large firms, risk managers buy cyber insurance--but are rarely expert in network security and may not fully understand the risk profile.

COVID-19 will likely spark a period of innovation, hastening the demise of incumbents and traditional sectors and giving rise to new competitors.

Because of the dynamic nature of markets, risk management programs need to be regularly updated or they, themselves, become at risk.

Insurers face a steep learning curve in embedding climate risk into their enterprise risk management programs, but the climb will be worth it.

"From now on, nothing in risk engineering will ever be constant BUT change. If you can’t get used to constant change, you'd better leave.”

Banks, insurance companies, asset managers and other industry players need to rethink how they approach financial risk management.