This article outlines best practices for companies to develop an effective enterprise risk management response team to successfully navigate through health crises like COVID-19.
Applying ERM to long-term care in Canada
Bonnie-Jeanne MacDonald, FCIA, lead author of the paper entitled “Future Long-Term Care in Canada – An Enterprise Risk Management Framework to Identify and Quantify Major Concerns” joins us to discuss the major findings of their research on what has become a timely topic in the year of COVID-19.
Mitigating risk while it happens: ERM resources
This article originally appeared on the CIA COVID-19 Hub. There is no better case for the widespread implementation of ERM frameworks in business than the virulence of COVID-19. Generally applied as an approach to mitigate risks before they happen, enterprise risk management might still find relevance as a useful function in minimizing disruption...
Algorithms gone wild
Saisai Zhang, Senior Consultant, Actuarial, Rewards and Analytics at Deloitte, revisits her paper “Algorithms gone wild".
Building a strong risk culture
Mike Stramaglia, FCIA, and Executive in Residence at the Global Risk Institute, discusses the role actuaries can play in developing an organization’s risk culture, and why understanding and managing risk is more about understanding people and what ultimately drives their behaviour around risk taking than it is about understanding data.
