Captive Organisations have many options when it comes to risk financing, one of which is the use of Captive insurance companies or Captives. These are formed by organisations that are not involved in insurance themselves, to insure all or some of the risks they themselves or their subsidiaries may face.   read more...

Risk Management Reports (2005-03-01) The Sixth Annual Conference of the Global Association of Risk Professionals (GARP) was an exercise of Basel on the brain. The draft Basel II accords from the Bank for International Settlements in Switzerland completely dominated the four pre- and post-conference workshops, the seven plenary presentations and the 57 breakout sessions, so much so that I left with the sense that   read more...

Risk Management Reports (2005-02-01) Several years ago operational risk was called a “fairly poisonous cocktail,” an apt description that is as pertinent today as it was in 2000. The reasons are clear. Most financial organizations began their entry into risk management using models drawn from the credit, market, interest rate, and foreign exchange fields where they accumulated considerable credible data and experience. As enterprise risk management began to attract attention they lumped almost all remaining risks, many of which had to be   read more...

Risk Management Reports (2004-12-06) The beast has at last produced its expected offspring, and a hulking, awkward creature it is. Given a gestation period of over three years, we might logically expect something that could immediately go forth and be useful but, alas, this creature is preceded by smaller, clearer-eyed and more nimble adversaries, leaving it to   read more...

Risk Management Reports (2004-11-04) Over the past eight years I’ve commented frequently on the development of “standards” for application to the discipline of risk management (see in particular   read more...

Risk Management Reports (2004-08-02) A Note to My Readers The Law of Unintended Consequences continues to prevail. I find that AOL’s aggressive use of anti-spam software, since early May, has sent into Internet limbo numerous renewal and other messages from my subscribers. I now have a way of reviewing my spam file, so this should not occur again. My apologie   read more...

Risk Management Reports (2004-07-12) Should our business and personal lives be controlled by general principles of behavior or by specific rules and laws that address most areas of activity?   read more...

Risk Management Reports (2004-06-21) I’m becoming a fatalist in my old age. Late in April several readers asked for my thoughts on the recent disclosure   read more...

Risk Management Resources (2004-02-20) Risk Management Reports Feb 2004   read more...

Issues for 2004 (2004-01-06) Risk Management Reports   read more...