A couple of weeks ago, I brought to your attention question #1 (of 4) from Rick Nason, a risk management teacher of ERM at Dalhousie University in Halifax. Dr. Nason has posted question #2 from his recent ERM exam, on…
What Israel can teach us about managing risk
This article appeared in the Toronto Star on December 31, 2009. While we are holding people up at airports and making them throw out bottles of mouthwash and shampoo, the Israelis seem to have figured out how to manage their…
Hofmann writes about Tiger Woods and ERM
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…
Risks, root causes and downstream effects
One of my fellow risk management thought leaders posted a great article on what he calls the Five Coulds which is not unlike the 5-Whys tools used in Lean Six Sigma; a root cause drill down technique. I’ve been a…
Risk Management of Everything
About five years ago I stumbled upon a really great essay titled The Risk Management of Everything by Michael Powers and published by Demos. I was doing some housekeeping and found it in my files and decided as my New…
Catlin’s enterprise risk management efforts raised to ‘Strong’
Another upgrade courtesy of good ERM. What are you people waiting for? Call me already. Or forward this to your CFO. Here’s the article from news-insurances.com: Catlin Group Limited, the international speciality property/casualty insurer and reinsurer, has been rated to…
Marks explains how to make risk management a way of life
In this November 2009 post on the IIA website, Norman Marks promotes the idea of making risk management a way of life instead of a quarterly exercise. If it doesn’t add value, then it is merely “decoration”, he writes. I…
Downgrade unlikely because of strong ERM
I posted an ERM-related press release from the S&P recently which was very well received by Riskczar readers as measured by the number of hits received. Here is a very similar one that notes that counterparty credit rating on Platinum…
Protiviti: What is misunderstood about risk management
James Pajakowski, EVP of Global Risk Solutions with Protiviti was asked what is most misunderstood today about risk management in Bank Info Security: You can eliminate all risk in an organization. If you do that you are probably also going…