RISK MANAGEMENT BLOG

Craig Rowe

Recent Posts by Craig Rowe:

Strategic Risk as an Element of Operational Risk

Tom Cooper is currently an Assistant Professor at Memorial University in the area of strategic management. As a member of ClearRisk Board of Advisors, Tom’s research and blogging focuses primarily on the interplay between strategy, risk and compliance as well as their effects on corporate responsibility. ‘Strategic Risk as an Element of Operational Risk’ is the fourth in this ongoing series.

Although the Basel II guidance on strategic risk is regulatory driven, this definition of strategic risk provides little assistance on how strategic risk might be identified and analyzed. There is also considerable potential overlap with the standard Basel II definition of operational risk, which is: “the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events”.

Topics: strategic risk managing operational risk

Risk Management: The Disney Approach

On a recent family vacation to Disney World, my mind couldn’t help but wander back to the office as I walked around the various theme parks.

I have met Disney’s risk manager, Stephen Wilder, in the past and have seen him speak on risk management at Disney. I have also noticed various aspects of it here on previous trips, but this time, something occurred to me that hadn’t before.

Topics: safety risk management risk management initiatives risk management at disney

12 Years of Taking Risk and Managing Risk

Today is the 12-year anniversary of ClearRisk!

On the eve of the RIMS Canada Conference, which is in our hometown of St. John’s this year, and being our anniversary, it has caused me to be introspective on where we’ve come from and where we are going.

Topics: clearrisk news

The 5 Step Risk Management Process [Updated for 2018]

Implementing a risk management process is vital for any organization. Good risk management doesn’t have to be resource intensive or difficult for organizations to undertake or insurance brokers to provide to their clients. With a little formalization, structure, and a strong understanding of the organization, the risk management process can be rewarding.

Topics: Risk Management Process 5 steps to risk management identifying risk solution to risk frequency and severity of risk

Insurance Technology Trends: Cloud Computing for Your Brokerage

There are several insurance technology trends that insurance professionals must take advantage of to stay on top of the competition. I would like to talk a little more in-depth about cloud computing and business automation in the insurance industry. 

Moving to the cloud is becoming commonplace in the world of insurance. In fact, 4 out of 5 of the world’s largest brokers, including Aon and Wells Fargo Insurance Services, use cloud applications to manage customer and carrier relationships around the globe. Adopting the cloud is inevitable.

However, many still fear the cloud, even when considering the efficiencies that come along with it. Salesforce.com, one of the leading cloud platforms for the insurance industry, notes significant improvements across their customer base in a new survey. Among the many improvements, Salesforce.com users reported:

Topics: cloud computing for insurance insurance industry applications cloud applications for insurance professionals

Subscribe to our Blog

 

Do you have valuable content to contribute?

   blog for clearrisk   

Most Popular Blog Posts

  WHITEPAPERS  

        EBOOK        

   Contact us