Riskviews posted a blog post
Insurance regulators have made the Own Risk and Solvency Assessment (ORSA) into one of the global Insurance Core Principles that need to be adopted in all countries.By Dave IngramSeveral countries have already adopted an ORSA requirement and in all…
Oct 29, 2014
Riskviews commented on Riskviews's blog post Calibrating Capital to Risk Management rather than to History
"Required capital can be seen as a product of two factors.  One is the amount of potentially risky activity, which is what is addressed here.  The other element is the rate of riskiness, which you address.  Banking practices for determining the rate…"
May 11, 2014
Riskviews replied to Boris Agranovich's discussion When is the right time to change your Risk Management strategy?
"When the tide changes. "
May 10, 2014
Riskviews posted a blog post
The way that we calculate capital requirements is one of those embedded assumptions that has existed for so long that we fail to think about whether it really makes any sense or not.  And if you do stop and take a step back, you will realize that it…
May 10, 2014
Riskviews posted a blog post
You want a risk management program that conforms to a particular STANDARD.  Standards usually present highly organized risk management systems.  But that is not what is needed for many of the threats that our firms face.   What We really need is a…
Dec 6, 2012
Riskviews posted a blog post
In an earlier blog post, the idea of managing both quantity and quality of risk was introduced.  But what exactly is Risk Quality?  At the most simple level, risk quality can be indicated as the rate of risk per unit of activity.   Risk Quantity =…
Oct 1, 2011
Riskviews posted a blog post
In ancient times, the ultimate collateral was the debtor’s personal freedom. A person who defaulted on a debt became an indentured servant of the lender in the case of default. This idea persisted in one form or another until the 1800s when debtors…
Sep 17, 2011
Riskviews posted a blog post
Many ERM discussions presume that some basic risk management is already taking place. That is not always so. The risk manager needs to work without presumptions.There are six things that the risk manager needs to check on:1. Risks need to be…
Aug 6, 2011
Riskviews posted a blog post
Measuring risk means walking a thin line.  Balancing what is highly unlikely from what it totally impossible.  Financial institutions need to be prepared for the highly unlikely but must avoid getting sucked into wasting time worrying about the…
Mar 2, 2011
Riskviews posted a blog post
US News and World Report had a recent feature “20 Companies that Cratered in 2010“.Reading their article, I can only come up with four reasons why the 20 firms went bankrupt:Overconcentration in the mortgage backed securities market.  (Ambac)Failed…
Jan 8, 2011
Riskviews posted a discussion
Global ERM Webinars - January 12 - 14 (CPD credits)ERM an Economic Sustainability PropositionWe are pleased to announce the fourth global webinars on risk management. The programs are a mix of backward and forward looking subjects as our actuarial…
Jan 6, 2011
Riskviews posted a blog post
It certainly is cheaper and easier. But is it BETTER?The main difference between lucky and smart is that smart is more likely to be able to repeat than luck.But I think that there are two different types of smart, and one is much better than the…
Dec 5, 2010
Riskviews posted a blog post
Mark Twain once observed that there was a difference between Lightning and Lightning Bug. An important difference.The difference between the almost right word & the right word is really a large matter–it’s the difference betweenthe lightning bug and…
Oct 1, 2010
Riskviews posted a blog post
Do you have a plan for what to do when your parachute doesn’t open?Well, if you do not, pay attention. Here is a 6 step checklist for what to do:Signal your Buddy.Get close with your Buddy.Link your arms through his/her straps.Open his/her chute.Let…
Sep 14, 2010
Riskviews posted a blog post
First they need to have a product or service that people will buy. They need revenues.Second they need to have the ability to provide that product or service at a cost less than what their customers will pay. They needprofits.Once they have revenues…
Aug 29, 2010

Comment Wall

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

Comments

  • Hi Riskviews, It’s great to have you here! Feel free to invite new people, participate in discussions, activities and share knowledge. We want to make this place great so everyone can benefit.
This reply was deleted.

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!