Emerging Risks Key Findings – 2023 Survey
The 16th Survey of Emerging Risks follows trends about risks that go beyond the normal planning cycle, using the wisdom of crowds concept to apply foresight to potential future scenarios. It is sponsored by the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA). Questions are both quantitative and qualitative, encouraging consistency from year to year by maintaining response options and showing how risk management practices are evolving. The survey results, especially the comments, give risk managers a way to network anonymously with peers and how they think about risk.
Cyber Risk Survey – South Africa – 2023
The survey offers commentary on the future direction of cybersecurity given the rapidly evolving manner of the risk, it’s solutions and legislative policies, to provide forward looking guidance to organisations. With the changes to the velocity and severity of the risk drivers associated with cyber, organisations should consider the following:
1.Is there sufficient awareness of the risk, from a governance perspective?
2.Is there sufficient protection against it, from a business resilience perspective?
3.Is there sufficient balance sheet protection?
2023 Chief Risk Officer Survey – Navigation compounding Threats and Opportunities in a Fast Moving World
Volatile market conditions. Geopolitical instability. Rapid innovation and technological change. Increased business transformation and digitisation. Mounting compliance requirements. Stakeholder attention on environmental and social issues. Across industries, organisations are facing more threats and operating in an increasingly complex risk landscape.
Assessment of Money Laundering, Terrorist Financing and Proliferation Financing Risk in the Banking Sector
The Prudential Authority (PA) of the South African Reserve Bank (SARB) is responsible for anti-money laundering and counter-financing of terrorism
(AML/CFT) supervision of banks, mutual banks and life insurers. As such, the PA
assesses the risks related to these aspects. It embarked on its second banking
sector risk assessment by surveying 34 banks in March 2021.
A Survey of Artificial Intelligence Risk Assessment Methodologies
Artificial Intelligence (AI) systems are increasingly being deployed in a wide range of applications. For many of these, a failure of the system would be embarrassing and inconvenient, but otherwise harmless. Failures in other applications, such as credit assessments, recruitment, medical diagnostics, (semi-)autonomous vehicles and
power grid load distribution systems, however, would have significant.
Risk Management Tools and Techniques
Risk management is one of the most important aspects of any successful project or business strategy, as it helps organizations identify, assess, and mitigate potential risks that could impact their goals. Businesses can secure operations and expand growth opportunities by implementing practical risk management tools and techniques. In this article, we'll explore some of the most widely used risk management tools and techniques, offering insights into how they could help address uncertainties and enhance your decision-making process.
Strategic Toolkit for Assessing Risks
Most countries are likely to experience a large-scale emergency approximately, and many will face seasonal returns of hazards, including cyclones, flooding, and disease outbreaks. Although countries may seek to address all risks in a timely and efficient manner, using risk-based approaches can help to optimize resource utilization and allow them to prioritize actions to be ready to respond to potential emergencies.
Business Continuity and Resilience Toolkit
This toolkit is designed to help you make
your business more resilient in the face of significant disruptions. The COVID-19 crisis came on very fast and many businesses have been negatively impacted. By following the steps in this toolkit, you can be better prepared for the next crisis, no matter what form it takes.
Building a Resilient Organisation
Sun TZU, in The Art of War writes that:
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
This quotation highlights the importance of understanding our organisations and the environments in which we operate.
Case Study: Global Tech Solutions’ Risk Management Transformation in 2025
Case Study: Global Tech Solutions’ Risk Management Transformation in 2025 Theme: General Risk Date: December 2024 Background: Global Tech Solutions (GTS), a multinational technology company, faced unprecedented challenges in 2025 as it navigated an increasingly complex risk landscape. With operations spanning 50 countries and a workforce of 100,000 employees, GTS recognised the need to revolutionise……...