Mark A Hoffman writes in Business Insurance about a few topics near and dear to me: Tiger Woods and enterprise risk management. Have a read at this article and then search for some of the Tiger Woods-related posts published at…
My rant on quantifying operational risk
Earlier I published a post about actuaries and operational risk. Today I am in a ranting sort of mood so here are my thoughts on quantifying operational risk. I am not a huge proponent of the quant when operational risk…
Twilight risk management
With New Moon, the second installment of the Twilight movie saga set to come out this week, I thought I would examine four types of risk treatments from the Edward Cullen point of view. They are ACCEPT, AVOID, TRANSFER and…
Risk managers are like janitors
This is a bit of a re-post but it seems appropriate following a comment I received earlier where the reader asks: “How can you convince a small business owner to invest resources into something that they cannot see a value…
Monty Python on governance, risk, and compliance
I read too much about what GRC needs or what ERM needs but far too often suggestions read like my favourite Monty Python skit (a lot of easier said than done steps): Alan Well, last week we showed you how…
Back to school: ERM in universities and colleges
Seeing how the day after Labour Day is traditionally the first day of school, it seemed fitting to answer the question: “Hey, Riskczar, can ERM work in universities and colleges?” The short answer is, yes. (It works anywhere silly.) So…
Business Under Fire
There are a series of articles published by RiskTech which are quite interesting on risk management in various industries; the one I read was on hotel risk management but it only scraped the surface of hotel risk management. (BTW, the…
Dishwasher risk management
In the book Freakonomics, the authors present data to support the fact that more children are killed by drowning in backyard pools than by handguns. However, as parents we are more likely to not permit our kids to go to…
Everyone knows where the icebergs are
Before the Titanic struck that iceberg almost a century ago, the captain was told that there were icebergs in those waters but dismissed the junior officer’s warning. He was heard saying: “In my thirty years at sea, I’ve never struck…