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New publication on managing risks related to climate, housing and long COVID

The Canadian Institute of Actuaries releases Enterprise Risk Management: Managing Risks in Uncertain Times.

Condos and the future: mitigating risks and ensuring long-term sustainability

For many Canadians, owning a condo is one of the most significant investments of their lives. However, the longevity of condo infrastructure in Canada is threatened by various risks that require more attention.

Survey of Emerging Risks – Risk Combinations

When risk managers are thinking about risks, cognitive biases that focus on recent risks often come into play. Train yourself to think with a longer time horizon, strategically, and in a way that allows risks to interact in combination with one other. The companies that encourage this are more likely to survive and make better decisions that allow them to thrive.

Climate, Cyber and Financial Volatility Lead List of Emerging Risks

Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers.

Preparing for future pandemics with a risk management framework

Actuarial interest in COVID-19 is being approached from several angles: the impact on longevity and healthcare costs, the effect on insurance and benefit plans, and the economic disruption that could shape long-term investment returns, pricing, and funding. Yet even with all this to consider, there are still other areas that could benefit from the application of actuarial expertise, such as the use of risk management techniques in a pandemic response. A recently released CIA research paper looks at this very topic.

Pandemics and infectious diseases top survey of current risks

Teams are preparing for the worst while strategizing for the best outcomes in this snapshot of risk management preparedness. Climate change continues its reign as the top emerging risk in the 14th Annual Survey on Emerging Risks: Key Findings, while ‘pandemic/infectious diseases’ make its debut as a top risk, ranks third.

How to build an effective ERM response team during a pandemic

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.

Mitigating risk while it happens: ERM resources

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 even as it occurs.  […]