Leadership in Risk Management

Insurance concept

The first research in the series on Meeting the Cyber Risk Challenge can be seen here

The third and last research on Environmental Risk Management can be seen here

Leadership in Risk management – Final Report AVAILABLE NOW

Priority risk areas

These were the risk categories to which respondents ranked as of greatest concern:

Strategic 63%
Financial 55%
IT/data privacy 44%
Legal and regulatory compliance 44%
Brand/reputation 42%
Market/competition 42%
Technology 41%
Systemic 37%
Political/geopolitical 35%
Workforce 33%
Natural disasters 20%
Terrorism/violence 10%

The full report is available : here in PDF version.

The results are available here

Leading Risk Culture Change – Reply Video

Enterprise Risk Management (ERM) is no longer an option; it is a fiduciary responsibility of the board of directors. But ERM can be crippled by a company culture in which risks are downplayed and C-level executives fail to communicate.

For employees at every level, the C-suite must instill new attitudes toward risk awareness, assessment, and mitigation. These are positive strategic components that improve corporate decision making, protect the balance sheet, and allocate capital wisely.

If you missed the webinar, the archive audio recording is available at

Leading Risk Culture Change webinar

The Executive Summary, which captures the key insights from the event, can be downloaded here

The final slide presentation is available here or can be downoaled in PDF format

Leadership in Risk Management Webinar

The complimentary webinar hosted by Zurich, the Federation of European Risk Managers (FERMA), PRIMO and the Harvard Business Review on Leadership in Risk Management was held on May 15th, 2013 from 15:00 to 16:00 CEST

Organizations’ views on risk management are transforming, but is the C-suite leading the change? The range of risks in today’s world means business leaders are realising that to be successful, risk management needs to be integral to their company’s culture, processes and business execution.

Join our Leading Risk Culture Change webinar to hear from a panel of industry experts about their real life experiences on leadership atitudes and implementation of strategic risk management. Topics to be covered include:

  • Risk governance and risk committee
  • Strategic and operational goals versus risk management and risk culture
  • Working with the board on risk issues
  • Embedding a company risk culture

The findings of the recent Leadership and Risk Management survey conducted by the Harvard Business Review and sponsored by Zurich, PRIMO and FERMA has been highlighted in the webinar.

About the Panelists

Linda Conrad

Linda Conrad

Linda Conrad, Director of Strategic Business Risk for Zurich

Linda Conrad is Director of Strategic Business Risk for Zurich. She leads a global team responsible for delivering tactical solutions to Zurich and to customers on strategic issues such as business resilience, supply chain risk, Enterprise Risk Management (ERM), risk culture and Total Risk Profiling. Linda also addresses enterprise resiliency issues in print and television appearances, including CNBC, Fox Business News and the Financial Times, and is featured in a Wall Street Journal site.

Linda holds a Specialist designation in ERM, and serves on the Board of the Institute of Risk Management in London. Linda is deputy member of the ERM Committee of RIMS, sits on the Supply Chain Risk Leadership Council, and was Chairwoman of the Asian Risk Management Conference. She has taught at University of Delaware Captive program and in the Masters on Supply Chain Management program at University of Michigan’s Ross School of Business, where she also serves on the Corporate Advisory Council. Linda studied at the Graduate Institute of International Studies in Geneva, Switzerland and Fox Business School.

Paul Walker, Zurich Chair in Enterprise Risk Management at St. John’s University

Paul Walker

Paul Walker

Dr. Paul L. Walker teaches at the St. John’s University. Dr. Walker co-developed one of the first courses on Enterprise Risk Management. He has taught ERM at the University of Virginia, to numerous executives groups and to boards. Dr. Walker has also served as a visiting fellow at the London School of Economics Centre for the Analysis of Risk.

Dr. Walker was one of the original consultants to COSO on their Enterprise Risk Management process and framework and has served as an advisor to both small and large organizations on Enterprise Risk Management (including the Federal Reserve Bank, several Fortune 500 companies, a leading university, and international companies). Additionally, Dr. Walker has been invited to train ERM to international audiences, including companies with operations in South Korea, Japan, and Belgium. Dr. Walker has visited the headquarters of some major companies (e.g., Wal-Mart, Microsoft, DuPont and others) to study their ERM processes. Dr. Walker has coauthored numerous manuscripts on Enterprise Risk Management including the books Making Enterprise Risk Management Pay Off and Enterprise Risk Management: Pulling it All Together. He has also coauthored several articles on ERM including: Managing Risk: An Enterprise-Wide Approach, A Road Map to ERM, and ERM and the Strategy-Risk Focused Organization.

Jo Willaert

Jo Willaert

Johan Willaert, FERMA Board Member and Corporate Risk Manager at Agfa Coprorate Center

Jo Willaert is in charge of the design of worldwide enterprise risk management and insurance programmes for imaging solutions group Agfa-Gavaert.

A law graduate, he spent the first part of his career in broking with companies which eventually became part of Marsh and later with Aon. He joined Agfa-Gavaert in 2001.

He is a board member of the Belgian risk management association BELRIM.

 

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