Fundamentals of Risk Management

Insurance and risk transfer
Importance of insurance
History of insurance
types of insurance cover
evaluation of insurance needs
Purchase of insurance
Captive insurance companies
18
Business continuity
Business continuity management
Business continuity standards
successful business continuity
Business impact analysis (BIA)
Business continuity and eRM
Civil emergencies
Part FIve
Risk strategy
LEARNINg OUTcOmEs FOR PART FIvE
PART FIvE FURTHER READINg
Part five case studies
AMEC Foster Wheeler: Principal risks and uncertainties
BBC: Internal controls assurance
Emperor Watch & Jewellery: Risk management
19
Core business processes
Dynamic business models
types of business processes
strategy and tactics
effective and efficient operations
ensuring compliance
Reporting performance
20
Reputation and the business model
Components of the business model
Risk management and the business model
Reputation and corporate governance
CsR and risk management
supply chain and ethical trading
Importance of reputation
21
Risk management context
Architecture, strategy and protocols
Risk architecture
Risk management strategy
Risk management protocols
Risk management manual
Risk management documentation
22
Risk management responsibilities
Allocation of responsibilities
Range of responsibilities
statutory responsibilities of management
Role of the risk manager
Risk architecture in practice