8028248460?profile=originalI recently authored a whitepaper for the Society of Actuaries 2016 Risk Symposium, exploring the strategic value of risk management.

Here is the Abstract:  

Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place.

Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks.

It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information.

More than a mere compliance exercise, effective risk management enables more informed strategic decision-making, increased accountability and transparency, a greater likelihood of organizational success, and—ultimately—competitive advantage, as borne out by many studies that correlate risk management and financial results.

Get the full paper from the Society of Actuaries site. Here's the link

My paper is: Getting Strategic About Risk Management: How Business Can Move Forward Through Greater Risk Awareness - scroll down to find the PDF on this site.

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