In this session, we will build and expand on the recent Airmic and Barnett Waddingham publication that provides practical guidance for how an organisation should identify, prepare for, and manage emerging risks. We will cover the use of tools, some familiar and some perhaps less familiar, but all useful in managing emerging risks. We will also work through a new framework designed to allow the integration of emerging risk management into an organisation.
While practical in nature, the session will also link the practices involved to how they affect and work with the way humans understand the world around them and how this linkage helps develop greater insight.
By the end of the session, you will be able to:
- Recognise how emerging risks differ from other risks.
- Recognise and balance the risk and reward equation with emerging risks.
- Identify the emerging risk framework from the guide and understand how it can help drive your organisation's emerging risk management processes.
- Gain some insight into decision-making under deep uncertainty.
Speaker:
Keith Smith, Senior Risk Consultant, Barnett-Waddingham