Introduction Risk is unavoidable, which is true for companies as well. The need for careful identification and assessment of risk cannot be over-emphasised. Having assessed the risks, steps must be taken to mitigate the same. No organisation can afford to Read More …
Tag: risk management
Risk Management Policy Role Of Directors
Top 5 Risks on Your Operation: Are You Prepared?
How well prepared is your operation to manage risk? For ag operations, oftentimes successful risk management can make the difference between an operation that runs like a well-oiled machine versus one that seems to constantly be swimming just to stay Read More …
How to Use Decision Intelligence to Improve Risk Management, Customer Experience, and Fraud Detection
Data in all its facets has dramatically impacted financial organizations in the last two years, both positively and negatively. Whilst rich pools of data have allowed for exciting businesses opportunities, it has simultaneously tasked business with extracting valuable insights with Read More …
Climate change risks offer insurers new cash streams
Insurance policies targeted at losses occasioned by climate risks such as drought, flooding and extreme heat present the next growth opportunity for Kenya’s under-performing insurance sector, experts say. Industry insiders say the industry is looking at developing products that include Read More …
Why is risk management important in modern supply chains?
The primary reason for businesses to exist is to make profits. In a perfect world, having a good product that caters to a specific need for a growing base of customers would ensure profits. Unfortunately, we do not operate in Read More …
Three Steps For Engaging The Board In ESG Initiatives
With stakeholder attitudes continuing to suggest that environmental, social and governance (ESG) principles be prioritized within a company’s organizational strategy—thus serving as key drivers of growth—it’s crucial that board members possess an awareness of ESG-related risks and the fluency to Read More …
How to connect cyber-risk and climate risk strategies
Every business faces two global systemic risks: cybersecurity and climate change. Learn how to integrate these two areas of risk management for greater business resilience. Of all risks facing organizations today, those related to cybersecurity and the environment carry the Read More …
Is Your IT Security Actually Putting Your SMB at Risk?
Overly complex security systems can actually increase the cost of a cyberattack. Here’s how to improve your security system. The business security environment is rapidly becoming more complex, causing business cybersecurity systems to also increase in complexity. IBM’s Cost of Read More …
Reputational Risk and Its Prominence in the Business Strategies of Companies
Since corporate reputation became an essential asset for the survival of companies, the term “reputational risk” has begun to be valued with more relevance in the business strategies of companies. The value of business intangibles has skyrocketed in recent years, Read More …
Are organizations treating cyber risk as a quantifiable business risk?
Businesses across industries today have become digitized not just as an operational enhancement but as an inevitable requirement. However, the spike in the number of digital endpoints has also meant an uptick in the level of cyber risk that organizations Read More …