Despite the clickbait title, the messages are in the article are important to the risk profession and are purely practical. First few caveats, corporate reputation is important, even a perception of wrongdoings can affect funding, sales and cost of doing business. Importance of reputations for both profits and non-profits is…

Huge thank you to the 160K+ readers who visited the RISK-ACADEMY blog this year. 2021 brought a lot of risk management transformation. Not that there is much fundamentally new in the science of risk or decision making, but rather because more and more risk professionals come to a long overdue…

Research shows us that the context that we are in, both the physical and social environment, has a significant impact on our behavior. We talk more quietly in a library than in a bar. We look up at the sky because we see someone else doing it. …

If there is one thing I learned as a CRO, it is crucial to understand the nature of each and every risk we have to work with. I will no doubt write a separate article about the mistake of aggregating various risks into a risk register or attempting to use…

Couple of years ago I was given the responsibility for corporate, non-life insurance across a $10B group of companies. I welcomed the opportunity to combine risk-based quantitative decision making with insurance. Did it work? You be the judge, a year later the company improved the quality of coverage while reducing…