The Faculty & Institute of Actuaries his published a paper called ERM for Insurance Companies – Adding the Investor’s Point of View, on January 22, 2010. The abstract reads: A major outcome of ERM activities in insurance companies has been the bringing together of all of the key risks in the company, to be managed [...]
Archive for January, 2010
ERM of crucial importance to financial service providers
Posted in ERM Basics, Frameworks, tagged actuaries, ERM on January 28, 2010 | Leave a Comment »
My rant about Toronto pedestrians getting killed
Posted in My Opinions, Risk management, tagged accidents, car, car accident, fatal, fatality, idiots, killed, pedestrian, speed, speed limits, Toronto, traffic. on January 27, 2010 | 5 Comments »
The big story in Toronto this week is the number of pedestrians getting killed by vehicles. An “epidemic”, one no-talent Canadian news anchor who colours his hair said tonight. About 14 people have been killed so far this month (which apparently is more than is allowed). The public and police are shocked by these events. [...]
Where are all the risk management jobs?
Posted in My Opinions, Office and culture, tagged aon, Black Swan, demand, ERM, IFRS, risk management, Sarbanes-Oxley, services on January 19, 2010 | 11 Comments »
I’ve been writing this blog almost every day since August and I’ve been rewarded by your positive feedback and over 6000 hits. In this period, I’ve reported about many ERM-related events: the S&P calls ERM “highly important”; while others suggested ERM should be a “way of life”, called it “vital”, said it would be a [...]
ERM ranks forth on list of management ideas for ’00s
Posted in ERM Basics, tagged ERM, HBR, Top 10 on January 18, 2010 | Leave a Comment »
The editors of Harvard Business Review recently published their own top ten list of the last decade calling it “the most influential management ideas of the millennium (so far)” and look what came in at #4. 4. Enterprise Risk Management. Sounds crazy right now to say that the last decade was notable for risk management. [...]
Aon Global ERM Survey 2010 now available
Posted in ERM Basics, Thought Leadership, tagged aon, ERM, survey on January 14, 2010 | Leave a Comment »
There is a link on the Aon.com homepage for their latest ERM survey conducted in 2009 Q3. Aon writes: The study was designed to show the extent to which ERM has been successfully implemented across organizations globally; the effect ERM has had on harmonizing organizational needs, culture and stakeholder requirements; and how ERM is being [...]
Risk management certification: let’s discuss
Posted in Frameworks, My Opinions, tagged CRM, FRM, GARP, GRCSI, Norman Marks, RIMS, Tim Leech on January 13, 2010 | 5 Comments »
Tim Leech’s IIA blog discusses some of the many risk management designations and certification available and whether or not one of these may be the cost of entry in the future. I would like to know if anyone out there is interested in replying to this post with thoughts, pros, cons, benefits, etc., for the [...]
For Toronto readers only
Posted in My Opinions, tagged Toronto on January 12, 2010 | Leave a Comment »
Hello. I am just curious about local traffic to this blog. If you are reading this and from the Southern Ontario/Greater Toronto Area, please drop me a note, or connect with me on LinkedIn. My contact details are in the About tab at the top the homepage.
The pledge of a good risk manager
Posted in My Opinions, Risk management, tagged Ivey pledge, Oath, risk management on January 12, 2010 | 2 Comments »
I’ve given some thought to what makes a good risk manager. When I started writing this, it occurred to me that I had seen a lot of those characteristics before. In 2004, the Richard Ivey School of Business at the University of Western Ontario, in London, Ontario, Canada, began The Ivey Ring Tradition. And since [...]
van Deventer: Risk Management Lessons from Lance Armstrong
Posted in League of Extraordinary Risk Gentlemen, Sports, Thought Leadership, tagged credit risk, Kamakura, Lance Armstrong, liquidity risk, risk management, van Deventer on January 12, 2010 | Leave a Comment »
I would like bring to your attention the blog by Donald van Deventer from the Kamakura Corporation. We may both write about risk management but on a risk management scale, Don is to Thomas Jefferson what I am Bart Simpson. Don is the real deal. He writes about his experiences in risk management with quotes [...]
Ayds helps you lose weight
Posted in Humour, Risk management, tagged Ayds, reputation risk on January 11, 2010 | Leave a Comment »
I was reminded recently of these appetite suppressant pills that my mom must have purchased when I was a kid in the late 70s. They were called AYDS. Worried about your reputation and your brand? What could be worse that your brand being associated with a terrible disease? (Well, I recall there being a sushi [...]
