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

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

ISO 31000 and ERM

… volume and complexity of risks … increasing extensively … 2020 The State of Risk Oversight, NCS … less than 20% of organizations view their risk management process as providing important strategic advantage … 2020 The State of Risk Oversight, NCS I look at the these two NYS Poole messages with a lot of optimism.… Continue reading ISO 31000 and ERM

THE COSO vs ISO SHOWDOWN

background I have blogged about the roll-out of the COSO ERM update back in 2017. In 2018, ISO updated their well-known risk management standard, too. Since then, I’ve spent considerable time studying and using both standards.  Hence, I now feel comfortable and confident to share my opinion about those two well-known ERM frameworks. In other words, bienvenu… Continue reading THE COSO vs ISO SHOWDOWN

The Megrow Podcast is LIVE!!!

Episodes Released I’m very pleased to announce the release of Episode 1 and Episode 2 of the Megrow Podcast. The Podcast is hosted on Megrow’s YouTube channel. I aptly named it the “Asia Risk and Opportunity Podcast” or “AROC” for short. Episode one is a general, introductory episode explaining the why / what / how: Episode… Continue reading The Megrow Podcast is LIVE!!!

ERM – More on the Benefits

constant dripping wears away the stone I’m constantly praising the tangible business benefits of good ERM. A number of blogposts here and on other social media are testimony to this. Until a few month ago, I felt like the proverbial “lonely prophet”. A lot of ERM-related publications had a distinctive retro- / crisis-touch to it… Continue reading ERM – More on the Benefits

COSO ERM Framework – One Year After the Update

The COSO ERM framework update COSO released a significant update of its well-known ERM-framework in late 2017. An executive summary is accessible on their website.  The ERM community, especially the “COSO-istas” most eagerly awaited the update. Additionally, the wider stakeholder community was excited to see how the new framework will benefit businesses.  I’m a fan… Continue reading COSO ERM Framework – One Year After the Update

ERM – The Benefits

ERM done – so what I’ve shared some technical and practical considerations about ERM in a few previous blogposts. This episode addresses the most important topic: “ERM done – so what”. Whenever I talk about Enterprise Risk Management, I emphasize on its tangible benefits. ERM is about managing downside and creating opportunity. The picture below… Continue reading ERM – The Benefits

ERM in Hong Kong – A Practical View

part two In an earlier blogpost I wrote about setting risk appetite for insurance companies under the evolving Hong Kong ERM framework. My focus is on firms that develop their own ERM-framework. In this blogpost, I “continue” the journey to building an ERM-framework and ponder about risk mapping. Whilst occasionally making reference to Hong Kong, … Continue reading ERM in Hong Kong – A Practical View