QUANT RULES QUAL

A GOOD RISK REGISTER NEEDS NUMBERS! Megrow podcast, episode 21 Quantifying risks, i.e. making a tangible, quantified statement about the expected severity and likelihood is difficult. I raved about the topic previously. Organisations often resort to a combination of the following approaches: qualitative statements, such as “severe” or “negligible” or “possible” risk matrixes plotting each… Continue reading QUANT RULES QUAL

A RISK REGISTER NEEDS NUMBERS

NUMBERS MATTER A LOT Organizations often spend great efforts in Enterprise Risk Management. Risk register, risk governance, risk reporting … all is there. Occasionally though, one very important aspect of effective ERM, appropriate risk quantification doesn’t quite get the attention it needs. A risk register needs numbers! In one of the most popular blogposts that… Continue reading A RISK REGISTER NEEDS NUMBERS

The Master ERM Recipe

THE ONE AND ONLY ERM RECIPE YOU EVER NEED A while back, I spent an intense day with post-graduate students at the Nanyang Business School in Singapore. We talked a lot about embedding ERM into strategy and business planning.  Towards the end of the day, we shared a summary slide. Much to my surprise, this slide caused an intense photo-snapping frenzy. Obviously,… Continue reading The Master ERM Recipe

ERM ENABLES ESG

how good ERM enables your ERM strategy I pick up the proverbial trail from our April blogpost trying to make a connection between ESG and ERM. Specifically, I outline a set-up in which ERM enables ESG. WHAT IS ESG? ESG finally is getting the attention the topic deserves. The concept was developed a few decades… Continue reading ERM ENABLES ESG

loss control & strategic enabler

Good ERM is loss control & a strategic enabler Thank you for reading this most recent post in our “ERM in 3 Minutes Knowledge Series” (previous posts here). In this blog, I reemphasize that a solid and well-run ERM framework must cover the downside and the upside aspects of uncertainty. Megrow’s clients, readers of this… Continue reading loss control & strategic enabler

Insurance and ESG: challenges and opportunities

INTRO Finally, for all the right reasons, ESG has gained the attention the topic deserves. In this post, I look at Insurance and ESG from a change management perspective. How can an insurer approach and manage the challenges and opportunities that ESG creates? If you prefer to watch a videocast of this blog, then head… Continue reading Insurance and ESG: challenges and opportunities

My LinkedIn SSI

INTRO I have been more active on LinkedIn in 2020 than ever before (does that surprise anyone?). Hence, my Social Selling Index (“SSI”) on the platform must have sky-rocketed! Full of confidence I checked the numbers late 2020 and was quite surprised (or not, actually) with the results. A few years back, a fellow alumna from… Continue reading My LinkedIn SSI

3 Minutes ERM: RESILIENCE

a schematic representation how sustenance, resilience and ERM are linked.

resilience, erm, sustenance What is RESILIENCE and how does it interlude with ERM and SUSTENANCE? There is no one size fits all answer to this question. Consequently, each entity needs to spend some quality time to define the terms. When engaging in this process, it is important to hold this conversation early to avoid confusion… Continue reading 3 Minutes ERM: RESILIENCE