ACE is proud to sponsor the Global Risk Briefing Project 2010, a research programme on corporate risk issues conducted by the Economist Intelligence Unit (EIU).
NOVEMBER 2010
The latest research paper in the series "Fall guys: Risk management in the front line" is available to download here.
The report examines the changing role and responsibilities of risk management in business.
The research for this report drew on two main initiatives:
- In July 2010 the Economist Intelligence Unit conducted an online survey of almost 500 executives from around the world. The survey included companies of a variety of sizes from the banking and insurance industries. Three quarters of respondents have a direct influence on their firm’s risk management, either as CEO or board-level executive (32%), as chief risk officer or other dedicated risk executive (20%), or as a non-executive director (23%). A further sample of senior management (26%) was included to test how non-risk executives view the risk function.
- To supplement the survey results, the Economist Intelligence Unit conducted a programme of qualitative research that included a series of in-depth interviews with industry experts.
WEBCASTS
Breaking down the barriers: The role of risk in creating opportunity
Arguably, the status of risk management is greater than ever, as organisations realise its value in avoiding obstacles and sizing up opportunities in the post-recession landscape. But barriers remain to truly effective risk management — not least, internal barriers in the form of poor communication and data, and a lack of understanding of risk issues at board level.
As part of its annual Risk programme, sponsored by ACE and KPMG, the Economist Intelligence Unit convened an expert panel in London in October 2010 to discuss these issues. The panel comprised:
Professor Patrick Gougeon - Director, ESCP Europe London Campus
Julian James - CEO, Lockton
Dennis Cox - CEO, Risk Reward
To watch the webcast, click here:
http://www.businessresearch.eiu.com/breaking-down-barriers.html
Walking the wire: Exploring new opportunities and managing risks
As they emerge from recession, businesses around the world are walking a high wire between exploring new opportunities while closely managing risks. Consequently, risk management has new relevance for business as economies emerge from the economic downturn. Many companies are now regarding good risk management not simply as a "necessary evil" for compliance purposes, but as a tool that can be used to give them a competitive advantage.
In this webcast from the EIU which took place in August 2010, an expert panel explores several questions around this issue, including:
- If the risk function were more central to an organisation's executive, what sort of value would it add? Is it possible to prove that risk management is cost-beneficial?
Can risk management be seen as an enabling factor, rather than a restraining factor? Can it offer organisations a competitive advantage?
To watch the webcast click here:
http://sites.cantos.com/economist-intelligence-unit/10/risk-management-2010/public/