J Haye's Weekly Digest, September 23rd 2024

Hello everyone,

Happy Monday! I hope you had a wonderful weekend.

Welcome to our new readers! I hope you find our newsletter helpful. If you have any questions or topics you want us to cover, please let me know.

This week,

• I want to ask you: Is your Risk Management Plan truly comprehensive?
• Plus, I’m excited to share a brand-new episode of RiskMasters, where we focus on sustainability and feature Aurore Lecanon , a seasoned Chief Risk Officer in the insurance industry.

Creating a Comprehensive Risk Management Plan: A Step-by-Step Guide

Your business might have a basic risk management strategy in place, but is it robust enough to protect against today’s evolving threats?

From market volatility to cyber attacks, the risks facing businesses today are more complex than ever. Consider these critical challenges:

(1) Inadequate Risk Identification:

Are you confident that you’ve identified all potential risks, or could there be hidden threats lurking in your operations? ?

(2) Unprioritised Risks:

Are you struggling to decide which risks require immediate attention and which can be monitored?

(3) Ineffective Mitigation Strategies:

Do you have clear strategies in place to minimise or transfer risks, or are you leaving your business exposed? ?

(4) Lack of Accountability:

Are your risk owners clearly defined, or is there confusion over who’s responsible for managing specific risks?

(5) Outdated Risk Management Plans:

Is your risk management plan regularly updated, or is it based on assumptions that no longer hold true in today’s dynamic environment? ?

(6) Poor Communication and Documentation:

Are all stakeholders aligned on the risks and mitigation strategies, or are there gaps in your documentation and communication?

If any of these challenges resonate with you, it may be time to revisit and strengthen your risk management plan.

Learn how to build a comprehensive risk management plan tailored to your unique challenges:

?? https://www.aevitium.com/post/risk-management-plan

RiskMasters Podcast

“In sustainability, start at the top, or risk being sidelined.” – Aurore Lecanon

?In this episode of RiskMasters, host Julien Haye sits down with Aurore Lecanon, a seasoned Chief Risk Officer in the insurance industry, to explore the intersection of sustainability and risk management. Aurore shares her unique career journey from her beginnings in the insurance sector to becoming a leader in risk management. She delves into the challenges and opportunities of integrating sustainability into corporate strategy, offering insights into the evolving nature of risk leadership and the critical role of culture, governance, and strategic alignment in achieving sustainable outcomes.

Listen to it here: https://www.aevitium.com/post/integrating-sustainability-and-risk-insights-from-aurore-lecanon-on-leadership-strategy-and-indus

Discover the Previous Interviews on RiskMasters

EP7 Navigating Geopolitical Risks and Embracing Diversity: Insights from Anna Rosenberg

EP6 - Embracing Resilience, Authenticity, and Strategic Risk: Insights from Katie Smith

EP5 - Breaking Barriers in Banking: Kathy Griffin's Path to Empowering Risk and Compliance Leadership

EP4 - Gray Rhino on Risk Management and Decision-Making with Michele Wucker

Let's discuss how I could help; book a meeting now!

Should you have any questions or if you'd like to discuss how our services can specifically benefit your organisation, don't hesitate to reach out to me directly at [email protected] or call me at +44 7700 160052. You can also book a meeting directly by clicking on the button below.

Or book a meeting here!