Keeping up with evolving risk factors in the new normal by Jay Cherrie

The pandemic has forced organizations to adapt and even to abide by a new playbook when it comes to risk management. Appian’s Jay Cherrie discusses what businesses can do to recalibrate their management of risk now with ease and speed.

We do so many things differently today versus a year ago: How we work, how we shop, how we get groceries, how we will inevitably vote. All this change is a nightmare for actuaries. Decades of experience assessing risks based on known behavior has gone out the window, requiring them to radically rethink how they assess risk.

The European Risk Manager Profile 2020

For its 10th edition, the 2020 European Risk Manager Survey collected responses from 764 risk managers in 34 countries.
Cyber risks remain dominant in the minds of risk managers, and economic instability is a critical issue. Risk managers are also increasingly concerned about the sustainability of their organisations in the long term and the consequences of climate change and natural catastrophes. With the hardening of the insurance market, alternative forms of risk transfer and finance, including captives, are becoming more attractive. This year’s report is now available to download on our website.

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