This post first appeared on Risk Library. Read the original article. This infographic explores the key emerging risk management hazards as well as the four forces disrupting the CFO role. It further explores an opportunity for data-inspired leadership and growth.
Marsh Tracks Top Captive Trends
This post first appeared on Risk Management Monitor. Read the original article. The number of captive insurers continues to increase globally, from 5,000 in 2006 to more than 7,000 in 2016. Once formed primarily by large companies, the captive market has opened up to mid-size and small businesses. The industry is also seeing a trend (more…)
How to Know Which NIST Framework to Use
This post first appeared on Next Gov. Read the original article. Some agencies are confusing NIST’s Cybersecurity Framework with the Risk Management Framework.
Cyber insurance not a risk management tool, say banks
This post first appeared on Risk.net. Read the original article. Lengthy payout mechanism of cyber policies makes it ineffectual against large losses, dealers argue
Cyber insurance not a risk management tool, say banks
This post first appeared on Risk.net. Read the original article. Lengthy payout mechanism of cyber policies makes it ineffectual against large losses, dealers argue
Management Report: Opportunities for Improvement in FHFA’s Evaluation of Internal Control over Financial Reporting, Jun 14, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found During its audit of the Federal Housing Finance Agency’s (FHFA) fiscal years 2016 and 2015 financial statements, GAO identified deficiencies in FHFA’s evaluation of internal control over financial reporting. This includes the FHFA Office of the Inspector General’s (FHFA-OIG) evaluation of (more…)
5 Strategies to Maximize Your Risk Assessments
This post first appeared on Risk Management Monitor. Read the original article. While risk assessments enable organizations to understand their business issues and identify uncertainties, the best assessments go further. They prioritize top risks, assign risk ownership, and most critically, integrate risk management and accountability into front line business decision-making. Simply put, “checking the boxes” (more…)
Lloyd’s Plans for Post-Brexit Subsidiary
This post first appeared on Risk Management Monitor. Read the original article. Just one day after the U.K. set in motion its process for withdrawal from the European Union by triggering Article 50, Lloyd’s announced it was establishing a subsidiary in Brussels, intending to be able to write EU business for the Jan. 1, 2019, renewal season. The new (more…)
A complete perspective – Managing and monitoring a single view of concentration risk
This post first appeared on Risk Library. Read the original article. This white paper explores managing and monitoring a single view of concentrated risk. It examines the need for tools that can streamline credit risk management systems and create a single enterprise-wide view of risk as an early warning system against future crises.
Preparing for Brexit
This post first appeared on Risk Management Magazine. Read the original article. One year ago, few business leaders would have put their money on the United Kingdom voting to leave the European Union. Indeed, the June 2016 referendum has been a wake-up call for corporations, showing that voters still have significant power to a country’s (more…)