DOWNLOAD THE CASE STUDY The Wendy’s Company had a wealth of claims data in Riskonnect, and Chief Risk Officer Bob Bowman wanted to unlock more intelligence from it. The key was connecting the data to WTW’s Risk IQ. As one of the most iconic fast-food chains, the Wendy’s® system has more than 7,000 restaurants and [...] The post Wendy’s Links WC Data in Riskonnect to WTW’s Risk IQ to Lower Costs and Boost Safety appeared first on Riskonnect ..read more

Growing pressure from geopolitical risk is changing the way business operates. Attacks on ships in the Red Sea are forcing vessels to take the much longer, more expensive route around South Africa. The war in Ukraine spurred many companies to abandon operations in Russia. State-sponsored cybercriminals are hitting close to home with attacks that are [...] The post Geopolitical Risk: 3 Techniques to Protect Your Business appeared first on Riskonnect ..read more

SupplyChainBrain, March 18, 2024 When it comes to assessing the many risks to supply chains, planners generally don’t place natural disasters at the top of the list. But with the growing number of extreme weather events affecting the movement of goods worldwide, that could change in the coming years. Foremost on the minds of supply [...] The post Planning for Natural Disasters: A Growing Priority in Supply Chain Risk Management appeared first on Riskonnect ..read more

By Jim Wetekamp, CEO of Riskonnect | Published by GARP, March 15, 2024 |Identifying safeguards as risks come into view.Only 9% of companies believe they are adequately prepared to manage the risks of generative AI.Organizations are still figuring out what generative AI safeguards are needed. In fact, only 17% of organizations have formally trained or [...] The post Risk Management and Generative AI: A Matter of Urgency appeared first on Riskonnect ..read more

The APRA CPS 230 standard is the Australian Prudential Regulation Authority’s addition to the ever-growing list of global operational risk and resilience-related requirements. Australian banks, insurance companies, and other financial institutions – including foreign institutions with operations in Australia – have until July 2025 to comply. While other trending regulations focus on a single discipline [...] The post APRA CPS 230: What You Need to Know Now appeared first on Riskonnect ..read more

Incident reporting in healthcare is an important means of improving patient safety. When medical errors, injuries, and equipment failures that harm patients, caregivers, visitors, or staff are reported, you can identify safety hazards and intervene to mitigate risks and reduce harm. The more you can do to increase the number of incidents reported, the better. [...] The post Incident Reporting in Healthcare: How to Improve Patient Safety appeared first on Riskonnect ..read more

DOWNLOAD THE INDUSTRY ISSUE Any new medical device or medicine must undergo clinical trials to ensure safety and efficacy before it can be brought to market – and no clinical trial can begin without proper certificates of insurance in place. The logistics involved with obtaining COIs are daunting. Numerous stakeholders – brokers, insurers, the organization’s [...] The post Life Sciences Industry Issue: Managing Certificates of Insurance for Clinical Trials appeared first on Riskonnect ..read more

Tail risk, that is risk with low probability and high impact, is often neglected by traditional enterprise risk management. Indeed, the rarity of tail risks makes them easy to overlook, especially when so many everyday risks need attention. It turns out, however, that tail risks actually inflict the most damage to organizations and operational resilience [...] The post Confront Tail Risk Head-On to Boost Operational Resilience appeared first on Riskonnect ..read more

Leading risk management technology provider releases new functionality to significantly speed up business continuity plan creation February 13, 2024 09:00 AM Eastern Standard Time ATLANTA--(BUSINESS WIRE)--Riskonnect, the leader in integrated risk management (IRM) solutions, today announces generative AI-powered enhancements to its Business Continuity & Resilience solution. The software now leverages generative AI to suggest [...] The post Riskonnect Announces Generative AI for Business Continuity Planning appeared first on Riskonnect ..read more

A new generation of threats sparks change in how companies manage and combat enterprise risk October 16, 2023 09:00 AM Eastern Daylight Time ATLANTA & LONDON--(BUSINESS WIRE)--While 93% of companies recognize the risks associated with using generative AI inside the enterprise, only 9% say they’re prepared to manage the threat, according to a new [...] The post Only 17% of Companies Globally Have Addressed Generative AI Risks with Employees, According to New Riskonnect Research appeared first on Riskonnect ..read more