Some risks are cyclical in nature which can be modeled on a risk clock.
In this blog we build up a risk clock and look at why businesses are not good at forecasting cyclical risk events.
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The world of risk management is continually evolving but where is the next developmental phase for the practice of risk theory?
In my opinion, one area which offers great opportunity is the relatively undiscovered work around event predictability. Let's be real of course, there is no way to predict the future but it might nice to understand the shape of that future.
In this blog, we review the use of the Extensible Markov Model for shaping event clusters.
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