I was asked by the Institute of Chartered Accountants to explore “The Risk Revolution” and its implications for their members. I first challenged the concept of whether a revolution was indeed taking place, explained the aims of Enterprise Risk Management and asked whether ERM actually works. The take away: “People manage risk and culture is
RMP are the risk managers for The LAPP Fund, a NZ local government mutual pool for financing catastrophe risk to essential infrastructure assets. In this presentation I tell the story of the LAPP Fund from its inception in 1993, highlighting the benefits of pooling along the way. The take away: “Pooling is not only about
I was asked to speak at this CPA event. I used the risk management process to help attendees understand how uncertainty in forecasting can be better managed. I highlighted sources of risk around data, psychological biases and the external social, economic and political environment. I included a section on identifying economic “bubbles” such as the
In the current economic climate many organisations are cutting costs, some dramatically. The role of Risk Management in the cost cutting process should be to ensure the right amount of cost cutting in the right areas to deliver short, medium and long term success. Below we outline the role of Risk Management when: Systematically removing
Uncertain times mean increased risk. With risk comes opportunity and now is the time to review your approach to risk-based decision making. In this current financial climate it is key that your approach to decision making is based on a sound understanding of the risk-reward equation. Do I need to act now or should I