Part of the Airmic EXPLAINED series of guides, this guide provides an introduction to the concept of risk appetite and addresses the myths, and the links with culture, maturity and sustainability. Defining and implementing risk appetite (often also referred to as a risk attitude) is a strategic activity that involves the Board and top management, as it must be aligned with strategic objectives, and requires consensus and engagement from the organisation’s leadership. This guide is essential reading for those new to the risk management profession, or for those who find themselves with a responsibility for risk management as part of a wider role.

Although risk professionals are aware of the dangers that an unpredictable political environment can pose to their organisation, identifying and assessing those risks is the challenge that faces our profession today. This report will help break down the risks, understand their interconnectivity, the solutions available and appropriate responses.

This guide summarises current approaches (2020) to risk management to promote a shared understanding, and will be particularly useful for those new to risk management.

In the first of three episodes dedicated to Airmic's Top Risks & Megatrends 2020 report, host Richard Cutcher is joined by Julia Graham of Airmic, as well as Lucy Stanbrough of Willis Towers Watson, discusses the risk & megatrends map through the lens of geopolitics and how organisations should be thinking about the challenges concerning a volatile global environment.