INSIGHTS

The best risk management resources

  • June 25, 2021
 

From hard-hitting journal articles to conversational podcasts, there is a fantastic range of resources out there for risk management professionals. Here is a selection of some of the best blogs, podcasts, software tools and more, to help you keep up with the latest in the industry and to further your personal development.


Comprehensive resources


No list about risk management resources would be complete without mentioning Risk.net and the Institute of Risk Management (IRM). Risk.net is the leading resource for everything from climate risk to upcoming regulations and data insights. It should be your first point of call to expand your existing knowledge and keep up with industry news. They also host regular in person events and webinars. Make sure you are making the most of what they have to offer by signing up to their mailing list.

If a full membership to Risk.net is out of your price range, why not try IRM. Membership is extremely reasonable, and they have a huge amount of content on offer. As a member, you will have access to topical articles, news items, videos and webinars. They also publish new research, provide training, qualifications and thought leadership. It is a fantastic way to invest in your professional development.


Podcasts


There are a number of risk management podcasts emerging, but PwC’s ‘Risk & Regulation Rundown’ series is a particularly excellent one. Hosted monthly by PwC Director, Andrew Strange, each episode invites an expert guest speaker to discuss the latest in the industry. Episodes are around twenty-thirty minutes long and have previously covered topics such as ‘Operational resilience – the end of the beginning’ and ‘Re-articulating risk - preparing for the IFPR.’

Another extremely popular podcast is RIMScast. Hosted by Justin Smulison (Business Content Manager at RIMS, the Risk and Insurance Management Society), RIMScast posts new thirty minute episodes every week. The podcast covers a mixture of topical discussions, career conversations and updates on industry news. Previous episodes have covered topics such as ‘Climate Change, Business Interruption, and the 2021 Hurricane Season’ and ‘Your LinkedIn Profile and the Path to the Boardroom.’


Blogs


Clear Risk have weekly blog posts on a range of topics. Previous posts have included ‘7 Tips on How to Control Your Organization's Insurance Costs’ and ‘6 Reasons All Organizations Should Embrace the Cloud.’ Their library of white papers is a particularly useful resource, providing free downloads on topics like business continuity planning, ROI of risk and claims systems, product liability risk and more — all of which use practical examples. Finally, a free risk management book aimed at small to medium-sized businesses — all you have to do is provide a few contact details and it is yours!

Another interesting blog is Paladin Risk Management. It was set up by Rod Farrar, who turned to risk management after serving twenty years as a military officer. He aims to help people become ‘Risk Gladiators’ through his insights and training courses. The blog is definitely worth following for its entertaining style, insightful tips and thorough analysis of risk cases that have gone wrong.


Software tools


It is highly likely you already know about ModelRisk, the highly valuable Monte Carlo simulation Excel add-in that can be used to add uncertainty into your modelling. If not, do download this free software tool as soon as possible!

Another excellent tool is Probability Management’s SIPmath. All the models you build with SIPmath are native to Excel — this makes it easier for models to communicate with each other and be shared with others. You can also access a generous library of modelling tools to aid your analyses. Finally, best of all, all of your actions are traceable — so no more wondering where your analysis went wrong! Download it for free, here.

 

If you are looking to expand your team or if you are looking for a new role get in touch with our Risk Team to see how we can help.