ERM Fundamentals

Apr 15, 2009

Importance of Risk Management Mindset

Many companies that were unprepared for the current economic situation have become hesitant to make decisions regarding the future. For companies to regain confidence in making these decisions there needs to be a realization that risk management models are only as good as the decisions that are made based on the models. As a result, the risk management mindset is just as important as the model. Companies can focus on their risk management mindset by re-defining risk to include a more integrated view of risk and constructing a new "risk architecture" that incorporates information external to the company and looks at interdependencies to help make better decisions and more successfully manage their risks.

Dec 31, 2008

Managing Information Technology Risk: A Global Survey for the Financial Services Industry

Discover essential elements of IT risk management frameworks and key findings from an Ernst & Young survey on program maturity, convergence, tools, reporting, and alignment with enterprise risk strategies.

Dec 1, 2008

Keeping ERM implementation Simple

Neil Baker explores ERM challenges, including complexity and auditor ownership, and emphasizes simplifying systems, leveraging existing practices, and ensuring executive involvement for success.

Nov 30, 2008

Contrasting Old and New Models of Risk Management

Learn how ERM fosters proactive risk management, cultural change, and holistic oversight. Discover best practices for implementing and sustaining effective ERM in today’s dynamic business environment.

Nov 7, 2008

Implementing Enterprise Risk Management in Washington State Government

Washington State's ERM efforts highlight strategic training, risk management tools, and measurable success. Discover how agencies integrate ERM practices to improve accountability and resource allocation.

Oct 30, 2008

Diversity of Risk Management in Europe

FERMA's 2022 survey reveals growing risk management maturity in Europe. Learn how companies are linking ERM to strategy, improving risk quantification, and adapting to new insurance dynamics for better resilience.

Oct 1, 2008

Preparing For S&P Integration of ERM

Explore how S&P evaluates ERM in credit ratings, focusing on risk management culture, strategic planning, and resilience, offering companies opportunities to distinguish their risk practices.

Sep 1, 2008

Managing Risks for Comparative Advantage: Five Steps to Better Risk Management

This articles highlights a five-step process to help companies make changes to better their approach to risk management in response to the developments occurring in the corporate approach to risk management: 1. Identify and understand your major risks; 2. Decide which risks are natural; 3. Determine your capacity and appetite for risk; 4. Embed risk in all decisions and processes; and 5. Align governance and organization around risk.

Jun 1, 2008

Does ERM Matter?: Enterprise Risk Management in the Insurance Industry

The insurance industry’s ERM maturity is improving, but misalignment between risk appetite and decision-making persists. Explore insights on leveraging ERM for investor confidence, risk-adjusted returns, and managing emerging risks.

May 1, 2008

Standard & Poor’s Applies ERM Analysis to Ratings

S&P to include ERM evaluations in credit ratings for all companies in 2008. Focus areas include risk culture, strategic risk management, and senior management’s approach to risk and reward.