Many commercial contracts contain risk-transfer provisions, including indemnification and insurance requirements. They should not be treated as boilerplate provisions and should be carefully reviewed to ensure that the language in the contract is clear, concise and does not contradict the language in the insurance policies.
Mark Siwik, founder of SandRun Risk, conducts this conversation with Dr. Robert Hall, Professor Emeritus of Operations Management, Kelley School of Business, Indiana University.
Our recent columns explored the risk management approach of Paul O’Neill and Stanley McChrystal and the architecture of institutional learning systems which are a form of distributive networks. What can the emerging science on human behavior in distributive networks teach us about the future of risk management?
Our Conversations section features in-depth interviews with leading figures in business and risk management. Mark Siwik, founder of SandRun Risk, conducts this conversation with Dr. Robert Hall, Professor Emeritus of Operations Management, Kelley School of Business, Indiana University.
In complex insurance claims, trigger and allocation theories affect the value of the claim. This article teaches what every corporate policyholder should know to maximize the value of their claim.
Our most recent columns explored how Paul O’Neill and Stanley McChrystal used institutional learning systems to better manage risk and optimize performance. This column focuses on the architecture behind a systems-based approach to risk management.
Insurance policies are valuable assets that often don’t become obsolete once the policy period has expired. Learn how insurance is often a permanent corporate asset and what to do when you can’t find the policies.
Our most recent columns explored the risk management approach of Paul O’Neill and Stanley McChrystal and their creation of institutional learning systems. Let’s now validate this approach through the lens of history and determine why building organizational capacity for institutional learning is essential to the future of risk management.
The 2017 cybersecurity survey released by Zurich Insurance Group Ltd., shows that only 62 percent of risk professionals said that their board of directors recognized cyber risk as a significant threat to the organization, down from 83 percent a year ago. The report comes just as Dr. Zhenhua Chen from The Ohio State University and Adam Rose from the University of Southern California released a preliminary report of their research examining the major economic consequences of a cyber-attack in terms of GDP and employment.
Lori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles.