The session will focus on how Enterprise Risk Management approaches can be improved from the immediate lessons learnt as a result of the COVID-19 pandemic.
The following will be used as a structure to the session
- Ongoing risks vs. major shocks. Which will cover how to identify risks that have the potential to fall outside a curve of expected losses, how to decide if these have an influence on future viability and how risk financing can help to mitigate the risk.
- Rear-view mirror vs. scenario planning. How to ensure that risk assessments are forward looking (but remain informed by the past)
- Interconnectivity of key risks. How to visualise and structure risk information to assist forward looking risk assessments
Richard is Managing Director EMEA at Aon Global Risk Consulting. In this role he oversees the Enterprise Risk Management, Risk Control and Claims practices, comprising 180 colleagues in over 20 countries. The teams provide advice and solutions that help clients to meet their objectives, by reducing risk and volatility in strategic plans and in the performance of people, assets and operations.
Richard serves on the Risk Consulting Global Board and EMEA Executive. He is also responsible for ensuring optimal connectivity between risk consulting, analytics and broking in EMEA, through Aon’s team of Chief Broking Officers.
Prior to joining Aon in January 2016, Richard was MD for Marsh Risk Consulting in the UK and Ireland. He holds a BA (Hons) in Politics from the University of Liverpool.
Dr Grant Foster
Grant Foster is the Managing Director of Aon Global Risk Consulting in the UK, which is a team consisting of engineers, actuaries, forensic accountants, cyber specialists, risk transfer experts and consultants engaged in risk based consulting and analytical services across a wide range of industry sectors.
Combining direct experience of Corporate Assurance Systems, Organisational Change Management, Enterprise Risk Management and Project Risk Management (including risk assessments, process development and due diligence work), Grant is able to bring innovative approaches to the challenges of business management. Grant has a track record of successful bespoke tool development to aid companies in assessments, assurance and continual improvement
Grant is a chartered engineer, holds PhD in the field of distributed systems modelling and a BSc (First Class) in Cybernetics and Mathematics from the University of Reading.