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.
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.
IRMSA Risk Report – South Africa Risks 2022
Currently we are only just in the ‘Fake it until we make it, or not?’ scenario, which is where we have been for the past two years. What
is encouraging is that recently we have been doing some things right, although not nearly enough. We now have to urgently overcome
the current inertia to avoid a slip into the worst-case scenario of a ‘Perpetual hangover’. The challenge is to avoid regressing on any of our of our gains so far. While we are barely in the ‘Fake it until we make it, or not?’ scenario, we now need to focus on sustained implementation of what we have started. We need to leverage the progress we have made and translate our efforts into tangible outcomes. The threat and opportunity landscape is challenging, but we believe we are on the right course. We now need to demonstrate our staying power as a country and organisations to succeed. We need to leverage the progress we have made and
translate our efforts into tangible outcomes.
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?
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.
IRMSA Risk Report – SOUTH AFRICA Risks 2023/24
South Africa, like many countries, faces a multitude of risks in the years ahead. These risks range from economic and political instability to social and environmental challenges. In our case however, the failure over many years to address these risks in manageable bits, so to speak, has resulted in the country now facing a polycrisis (i.e. the simultaneous realisation of individual risks), with the potential consequence of becoming a Failed State (some may believe that South Africa is already a Failed State) or a Mafia State. Taking this reality into account as the country strives towards the realisation of its Vision 2030 goals, a higher level of urgency is needed to navigate these threats and opportunities in order to build a more prosperous, sustainable and inclusive future or in the worst case, to prevent a Failed State or Mafia State from materialising.
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.
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.
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.
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.