FM’s Post

Join us for a special webcast on May 21, exploring the findings of GARP's inaugural global survey of nature risk management across 48 top financial firms with nearly USD 33 trillion of assets. GARP Risk Institute's Jo Paisley and Maxine Nelson will explore the key takeaways from the survey, including the main challenges facing firms in the development of their nature risk management capabilities and how firms are responding to the increased need for nature expertise through training and staffing. Join us and register here: https://lnkd.in/ezkVa5FY #climaterisk #naturerisk #sustainability #climatechange #natureriskmanagement

Earlier this month, GARP released the findings from its first global survey of nature risk management across 48 top financial firms with nearly USD 33 trillion of assets. Join GARP Risk Institute's Jo Paisley and Maxine Nelson for a webcast with that will explore the key takeaways from the survey, including the main challenges facing firms in the development of their nature risk management capabilities and how firms are responding to the increased need for nature expertise through training and staffing. Register Now: https://lnkd.in/ezkVa5FY #climaterisk #naturerisk #sustainability #climatechange #natureriskmanagement

Special webcast on Tuesday 21 May where you can learn how financial firms are (or aren't) identifying and managing the financial risks from #nature loss. #naturerisk #natureriskmanagement #sustainability #biodiversity

Tomorrow, May 21: Join us for a special webcast exploring the findings of GARP's inaugural global survey of nature risk management across 48 top financial firms with nearly USD 33 trillion of assets. GARP Risk Institute's Jo Paisley and Maxine Nelson will examine the key takeaways from the survey, including the main challenges facing firms in the development of their nature risk management capabilities and how firms are responding to the increased need for nature expertise through training and staffing. Join us and register here: https://lnkd.in/ezkVa5FY #climaterisk #naturerisk #sustainability #climatechange #natureriskmanagement

Enjoyed providing my perspective today on a panel about Forward to the Future: What Risks Are Coming? at the #RIMSCanada 2024 conference in Vancouver. RIMS is the Risk and Insurance Management Society. It was my pleasure to participate in the panel discussion moderated by Peter Kennedy, Managing Director #Aon, Toronto Risk Management Practice Leader and fellow panelist Ed Martingano, Director Risk management, Oxford Properties Group. We tackled the topic of emerging risks including providing thoughts on future key risks, the importance of considering long term trends and how they could impact your organization from both a risk and opportunity perspective, how emerging risk identification and impact assessment can best be incorporated into enterprise risk management process, the tools risk professionals can use to identify, analyze, differences in evaluating emerging versus current top risks, and how to assess future risks for their organizations. I provided a corporate director’s perspective on these topics including what today’s boards are looking for from their risk management team in this critical area and how management can best seek to obtain value from their board. Great discussion and great audience questions! #RIMSCANADA #RISKWORLD #RIMS #riskmanagement #ICDCanada

🎉 Exciting news alert! 🎉 Introducing the very first edition of "The Riskzan"- your monthly go-to guide for all things operational risk management and safety! At Innovative Risk Solutions, our mission is crystal clear: we're here to partner with organizations across diverse industries, aiding them in crafting unparalleled operational risk management and safety programs. But our ambition doesn't stop there; we're committed to going beyond mere risk reduction. In each issue, we'll delve into strategies for slashing insurance expenses, fine-tuning safety protocols, championing environmental sustainability efforts, and bolstering business continuity, crisis management, and disaster recovery plans. With "The Riskzan," consider yourself equipped with the insights and tools you need to navigate the complex landscape of risk management and safety, month after month. Stay tuned for our first edition, packed with actionable advice and expert insights! #TheRiskzan #RiskManagement #SafetyFirst 🚀📈

Recently, Bronwyn Brownlee, National Client Services Manager for Steadfast Risk Group, presented as part of a panel at the RMIA - Risk Management Institute of Australasia 2024 National Conference in Sydney. In the session, “Insurance as a Risk Management Tool” with SwissRe Corporate Solutions and Lockton, Bronwyn spoke about insurance as a positive risk management tool. Other key takeaways included how insurance can be viewed as a business enabler to support growth and development by providing a safety net, and play a vital role in strategic risk management. #SteadfastGroup #RMIA #riskmanagement 

HOW TO EVOLVE INTO A STRATEGIC RISK MANAGEMENT ROLE On October 21, I had the honor of participating in the roundtable discussion "How to Evolve to a Strategic Risk Management Role" as part of the MADRID FERMA FORUM, FERMA | Federation of European Risk Management Associations. It was a privilege to share this space with leading industry professionals such as Dirk Wegener (Global Head of Corporate Insurance, Deutsche Bank AG, Germany), Katalin Pàpa Pápa (Group Risk & Insurance Manager, Grundfos Holding A/S, Hungary), and Giovanni Roncaglia (P&C-PE-Financial Lines Director, PCA S.p.A., Italy). During our discussion, we explored the evolution of the risk manager's role towards a more strategic function, emphasizing the importance of integration with senior management and the board of directors. Here are some key points from our conversation: ·       COMPLEXITY OF THE GLOBAL LANDSCAPE: Over the past decade, we have witnessed a significant increase in the complexity of risks. The growing interconnectedness among these risks, the regulatory wave, and global conflicts have prompted companies to adopt a more proactive and strategic approach to managing uncertainties. ·       EVOLUTION OF CORPORATE GOVERNANCE: A crucial factor in this transformation is the development of modern corporate governance structures, where the Chief Risk Officer (CRO) is increasingly integrated into senior management and the board of directors, adding value to decision-making processes. However, the rising complexity of the regulatory environment continues to pose challenges. ·       NEED FOR TRAINING AND NEW RESPONSIBILITIES OF THE CRO: In this context, the CRO assumes a vital strategic role. This includes promoting the integration of risk management with sustainability (ESG), identifying strategic and operational risks, and leveraging new technologies and artificial intelligence to model scenarios and potential losses. Additionally, the CRO provides a comprehensive view of risk to the C-suite and underscores the importance of ongoing professional development, recommending FERMA's RIMAP Certification for high-level training. The roundtable also addressed emerging risks and discussed ways to elevate the risk management profession to a new level, along with the new strategic positioning of this function. Ongoing dialogue on these topics is essential for advancing risk management within our organizations. Thanks to Ferma, AGERS - Asociación Española de Gerencia de Riesgos y Seguros, and Igrea for making this possible! For more information, please visit AGERS. https://lnkd.in/dzTFaQZh #RiskManagement #CRO #Sustainability #CorporateGovernance

Excited to be speaking alongside Ellen Shew Holland, ARM at RIMS (Risk and Insurance Management Society, Inc.) RISKWORLD in May 2025 in Chicago! Topic: "Strategic Risk Management and The Neuroscience of Conflict: 3 Critical Keys to Greater Resilience and Success" Risk management requires more than just technical knowledge and expertise in gaining board and executive buy-in, managing workforce dynamics across your organization, or facing scrutiny in your response to risk resilience. How you manage and respond to inevitable human interpersonal friction and conflict can make the difference between a successful or costly result... ... and how you facilitate cultural, financial and environmental challenges across a broad spectrum of high stakes enterprise risk is critical. Valued-added integration of evidenced-based social emotional intelligence skills with core risk management skills lets you successfully ride the tide of risk and obtain your desired outcome for your program and entity in an ever-changing world. #riskmanagement #conflictresolution #mindfulstrategy

In a series of interview StrategicRISK Magazine to key risk leaders about how the risk landscape is changing and the priorities for the future. Here Tapio Huovinen, senior manager risk management, UPM - The Biofore Company and Daniele Zucchi, FERMA board member share their insights https://lnkd.in/e-ZZ4u9E