Riskonet’s new risk management expert, Gerrit Vink:
“Entrepreneurs should think more realistically about risks”
Entrepreneurship needs drive and the ability to recognise opportunities. Having ideas, breaking down barriers and chasing success – these are all part of entrepreneurship. But in 2018, Gerrit Vink believes that entrepreneurs also need to be aware of serious operational weaknesses if they want opportunities and success in the long term.
Fire safety starts with thinking like a ten-year-old
You might say that fire safety in organisations starts with following the rules. After all, the rules are there for a reason, aren’t they? And yet, compliance far from covers everything. This might seem like swearing in church, but those who keep faithfully to the rules and standards may unwittingly introduce risks in an organisation. And those who use common sense – or think like a ten-year-old, in other words – raise risk management in an organisation to a higher level.
Looking from above the compartments
The added value of taking an integrated view of risk
Companies are meticulous about looking at their risks. After all, they want to avoid prejudicing their operating result and do not want to endanger the continuity of the organisation. However, company directors unfortunately often look at various risks in isolation. An integrated approach leads to direct and indirect savings and a higher level of safety, concluded Ania Polak, insurance broker at Warschau and Leszek Golachowski for Riskonet Poland in this duo blog.
“Culture eats risk management for breakfast”
Tom de Nooij on safe thinking and working:
Organisations that invest time and money into risk management might as well save themselves the effort if they do not bring their employees along with them on their quest. “Culture eats risk management for breakfast”, says Tom de Nooij, managing partner at Riskonet. “Good intentions to work safely and avoid fires and other calamities are useless if there is an unsafe culture.”
Özlem Emgen, Riskonet’s expert in Turkey
“Risk management serves businesses and banks”
Riskonet has an international network of risk management professionals. Özlem Emgen – place of work: Istanbul – is one of them. Project Finance Institutions make extensive use of her expertise in risk management.
Partnership with Iranian company after lifting of sanctions
Riskonet safety expertise to benefit Iranian oil refinery
Since all economic sanctions against Iran were lifted in 2016, trade with Europe has increased tremendously. It is still not a ‘business as usual’ scenario, but the door to Iran is now wide open. This includes for Risk Management services, which Riskonet and the Iranian consultancy firm BamFarayand System can confirm. The two firms are working together in an extensive audit project for an Iranian petrochemical company.
The value of risk transparency
Knowledge is power, and this applies to a wide range of situations. It determines the relationship between warlords, it applies to divide-and-conquer politicians and it is certainly relevant for a variety of business situations. If you imagine the relationship between a company and its insurer as a ‘battle’ over the price of the premium and coverage, a company can decide to keep its cards close to its chest.
“The need for risk management with coordinated fire safety and security is increasing”
Ulrik Odén is Riskonet’s partner for Northern Europe. Odén operates from Sweden and with his company Oden & Oden he employs a remarkably broad perspective to risk management. “In the field of risk management, we will have to give increasing attention to pragmatic and well working continuity and security, while securing infrastructure, buildings and information. The overlap between these areas is increasing. In these times, we cannot turn a blind eye to the new risks.”
The predictive value of claims histories and company policies
The majority of Risk & Insurance managers in the Netherlands sees little predictive value in the claims histories of a company or sector for future claims. However, Tom de Nooij, managing partner at Riskonet, believes that generating better quality statistics using more data hugely supports the development of good company policy.