Rethinking Risk

Enterprise risk management has been a goal of many organizations for the past two decades. Embracing ERM makes sense, especially as risks become more numerous and more complex. ERM can help an organization better understand and manage its various exposures, while allowing it to pursue opportunities it otherwise might have missed. Despite the potential benefits, however, many organizations have encountered obstacles on the path to enterprise risk management, preventing them from successfully implementing an ERM program. The Enterprise Risk Management Initiative of the Poole College of Management at North Carolina State University conducts an annual survey of organizations' risk management practices. This year's survey, compiled by the ERM Initiative along with the American Institute of Certified Public Accountants' Business, Industry, and Government team, is the eighth such report, providing historical insight into the pace of ERM implementation, as well as revealing some of the stumbling blocks organizations

Cyberattacks are a growing threat to organizations of all types and sizes. It's no surprise that surveys of executives' top concerns show cyberattacks among the risks most likely to keep them up at night. While cyber insurance is available in the traditional insurance market, the types of coverage and limits available don't always match up well with organizations' real exposures. Enter captives as part of the solution. To that end, Aon Global Risk Consulting recently announced its Cyber Captive Program, a program meant to help organizations use their captives to better address their cyber risk exposures. In this episode of Leff Communications Rethinking Risk podcast series, Peter Mullen, chief executive of Aon Captive and Insurance Management, discusses the Cyber Captive Program and how it can help companies address cyber risks. Critically, the program begins with helping organizations develop a thorough understanding of the nature of their exposures. From there, organizations can potentially use their captiv

This episode of Leff Communications' Rethinking Risk podcast features a discussion with Tom Varney of Allianz Global Risk Consulting about the insurer's annual Risk Barometer survey. Tom offers thoughts on what executives surveyed see as the biggest risks confronting their organizations, any changes in the risk rankings, and how organizations are addressing those exposures.