Hazard Insurance Strategic Vulnerability 
Reciprocity
AUGUST 18, 2022
The result should be better, more strategic decision-making. ERM is the process of methodically identifying and dealing with any potential events that could threaten the achievement of strategic objectives or competitive advantage opportunities. Passing or sharing the risk via insurance, joint venture, or another arrangement.
Reciprocity
MARCH 28, 2022
Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.
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Reciprocity
AUGUST 24, 2022
Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. Many Needs, One Solution.
Reciprocity
DECEMBER 19, 2022
More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. You must assess the efficacy of your company’s compliance program and identify potential hazards.
BCP Builder
APRIL 20, 2020
An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Loss of “the big 4”: people, building, infrastructure (IT/apps), third party/supplier.
BCP Builder
APRIL 20, 2020
An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Loss of “the big 4”: people, building, infrastructure (IT/apps), third party/supplier.
Stratogrid Advisory
JUNE 3, 2020
An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge. Risk Assessment can also enhance an organization's strategic decision-making abilities.
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