Human perception of probabilities - especially very small and very large probabilities - can be markedly distorted and these distortions can lead to potentially disastrous decisions. But why we distort probability has been unclear.
BSI is asking business owners, line managers, HR and OH&S professionals and anyone else who has an interest in psychological health and well-being at work to provide feedback on a new standard for managing psychosocial risks.
The European Insurance and Occupational Pensions Authority (EIOPA) has published an Issues Paper highlighting options for developing shared resilience solutions for pandemic risk. The paper recognises that private insurance solutions alone will not be sufficient to protect against the financial consequences of future pandemics.
Marsh JLT Specialty has published a mid-year update to its Political Risk Map 2020, providing risk ratings for 197 countries across nine perils from January to July 2020. All 197 countries rated experienced an increase in their risk scores between January and July 2020
BSI and the Dubai Electricity and Water Authority (DEWA) have launched PAS 60518:2020, a new guidance standard entitled ‘Developing and implementing enterprise risk and resilience management (ERRM) in utilities’.
Gartner has published the results from its 2Q20 Emerging Risks Monitor Report, which shows that senior executives see renewed outbreaks of the COVID-19 pandemic as their top emerging risk.
Geary Sikich discusses tipping points, how entanglement might require a rethinking of risk, and looks at five areas where the next global shock may emerge from.
The demand for cyber insurance is increasing, but what does it protect against, and importantly, is it worth the money? Jan van Vliet attempts to answer some of the key questions businesses face when deciding if investing in cyber insurance is right for them.
Amid rapid change, new risks, and the growing complexity of organizations, The Institute of Internal Auditors (IIA) has announced a major update to the widely accepted Three Lines Model. Originally the ‘Three Lines of Defense’, the model has gained popularity for organizing governance and risk management in organizations.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
