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5. Conclusion
In every organization, small or large, there are numerous risks such as operational, financial and
strategic. Risks change rapidly and often materialize in surprising ways. Managing the dynamic risk
landscape is a key element of success for any organization. To protect themselves, organizations need to
continuously monitor the evolution of the risk landscape. Thus, effective management of today’s
organizations requires robust and strong risk management practices.
Risk management cannot simply be a one-size-fits-all approach for every organization. It should be
tailored to the size and complexity of the operation. Therefore, as the complexity and speed of modern
civilization have increased, risk management has expanded in perceived value and sophistication.
Risk functions need the talent and leadership to make intelligent decisions about emerging risks
based on the data available to them. Emerging risk should not be outside the scope of risk managers’
“day jobs.”
Sources : www.insurancejournal.com / www.lloyds.com / www.agcs.allianz.com /
www.gartner.com / www.deloitte.com / www.marsh.com / www.swissre.com / www.forbes.com /
www.marketforcelive.com
