2024

IRMSA Risk Report 2024/25

‘Managing the risks that attend to the pursuit of sustainable development.’
South Africans today may feel that they are living inside Charles Dickens’ Tale of Two Cities. In the One City, a smaller portion of society feels empowered and excited about the unfolding future, gathering pace on the wings of the ongoing technological revolution and new political possibilities.

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Managing through Persistent Volatility: Changing role of the CRO

The ongoing proliferation and continuous evolution of risks in the banking industry – highly volatile, intricately linked and
emerging from seemingly everywhere – have made today’s market and operational realities uniquely challenging
for chief risk officers (CROs). At the same time, CROs are expected to command finite resources wisely and support transformation efforts designed to unleash innovation and satisfy rapidly evolving customer expectations.

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Allianz Risk Barometer – Major Business Risks 2024

The top risks in this year’s Allianz Risk Barometer reflect the big issues
facing companies right now – digitalization, climate change and an uncertain geopolitical environment.

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Risk in Focus – 2024 Survey Results

The worldwide participation in the Risk in Focus survey provides a rare opportunity to compare risk levels and internal audit planning between different regions.

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Risk Management 2025 and beyond: Priorities and Transformation Agenda for Financial Services 

Risk Management 2025 and Beyond distills the perspectives of senior Risk executives at financial institutions across the globe to understand today's priorities and help build the risk transformation agenda for the future.

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Risk Management in a Technology-Driven World – 2024 Survey

Over the course of two weeks from March 20 to April 2, 2024, we surveyed approximately 200 professionals
working in third party risk management, procurement, vendor management, and similar roles in the United States, Canada, United Kingdom, France, Germany, and Ireland.

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State of Risk Oversight – Enterprise Risk Management Practices – 2024

Organizations operate in a global environment where myriad uncertainties can arise and trigger risks impacting an
organization’s strategic success. Organizations with a robust, enterprise-wide and strategically focused approach to managing risks increase the odds that these risks can be managed proactively so that key strategic initiatives stay on track.

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State of Trust Report – 2024

Trust is critical to the success of every business. But building, scaling, and demonstrating trust is getting harder for organizations. To meet customer expectations, security leaders and their teams must address complex threats, a growing compliance burden, and increasing risk from their third party vendor footprint. The rapid adoption of AI technologies only adds to the challenge, requiring more oversight and governance.

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IRMSA Risk Report – South Africa Risks 2024/25

‘Managing the risks that attend to the pursuit of sustainable development.’
South Africans today may feel that they are living inside Charles Dickens’ Tale of Two Cities. In the One City, a smaller portion of society feels empowered and excited about the unfolding future, gathering pace on the wings of the ongoing technological revolution and new political possibilities. The unprecedented results of the 2024 elections require citizens, political parties, the State, and corporates to reinvent a political future that will serve the interests of our entire nation. Yet in Another City, a larger portion of our nation remains excluded from the benefits of democracy and a more equalitarian world. Being caught in this Tale of Two Cities is not unique or confined to South Africa. The explosion of communication technologies has brought us into each other’s living rooms locally and globally, so to speak. This has enabled the world to both share and tackle its interrelated challenges – polycrises and permacrises. Our collective effort to identify and resolve these challenges is guided by the agenda set by the UN Sustainable Development Goals.

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Emerging Risks Key Findings – 2024 Survey

The 17th Survey of Emerging Risks compiles trends about risks that extend longer than a time horizon used for the normal planning cycle, using the foresight of risk managers to identify relative changes to responses across consistent topics. It is sponsored by the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA). Questions are both quantitative and qualitative, maintaining response options and showing how risk management practices are evolving. The survey results, especially the comments, provide risk managers a way to network with peers.

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