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Getting Started with Enterprise Risk Management

MHA Consulting

Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration). ERM is all about reducing. ERM is all about reducing.

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

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The road to EV safety requires a robust infrastructure

National Fire Protection Association

NFPA has been committed to addressing potential fire hazards posed by EVs for some time, offering in-person and online trainings that teach first responders how to safely and effectively mitigate EV incidents. To date, NFPA has helped educate more than 300,000 first responders on this emerging hazard.

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Risk Assessment vs Risk Analysis

Reciprocity

A risk assessment evaluates all the potential risks to your organization’s ability to do business. Many organizations use risk management and compliance software to help them manage all the tasks associated with risk assessment, analysis, and management. Various types of hazards must be considered. Economic risk.

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IRM, ERM, and GRC: Is There a Difference?

Reciprocity

For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. Are there differences at all? They’re all critical, Scheitlin says. Which is best?

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Strategies for Digital Risk Protection

Reciprocity

This refers to all risks introduced by service providers and third parties working with your enterprise. Any hazards associated with cloud architectural changes, the use of new platforms such as IoT devices, or new IT systems can lead to digital risk. Third-Party Risk. Technology. Identification.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters. Passing or sharing the risk via insurance, joint venture, or another arrangement. Risk Response.