A more strategic approach to risk management questions can both enhance the organizations protection against extreme events, while transferring risk in reasonable and cost-effective ways.
The honorable practice of risk management has been at the center of many events in history. Almost everyone can discuss the major catastrophes of our agethe hurricanes, tsunamis, explosions, wrecks, contaminations, product failures, governance failures and ethical lapseswith some degree of awareness and understanding of risk and risk management.