Risk Assessment News and Trends

Give your company an edge by monitoring the latest developments in the risk management industry

To be an effective risk assessment manager, you need to stay on top of the latest risk assessment news and trends. Risk analysis is a continually evolving field, so it's essential to understand not only the basics, but also any new developments, changes in methodology, or potential risk management alternatives.

Small businesses, large corporations and risk management firms can all learn how to better minimize loss by monitoring publications and websites specializing in the management of risk. When developing risk management solutions, consider:

1. The impact of your policies and practices
2. Possible threats to your company
3. Specialized risk assessment information pertaining to your industry
   

 

Subscribe to publications for the risk management industry

Magazines, books and email and print newsletters offer both in-depth and timely coverage of changes within the risk management field. Many of these publications are free and delivered right to your email inbox, offering some of the most current information out there.
Try: Risk Management magazine is designed for corporate risk managers, and covers protection of physical, financial, human and intellectual assets. The magazine is published by the Risk Insurance and Management Society. IMRI.com specializes in books, articles and other publications pertaining to risk management. They also offer a free online newsletter

Seek out risk assessment information specific to your industry

Risk analysis and management practices vary widely depending your industry, so focusing on sources specific to your niche may yield the most relevant information for you. Even if one method produced success at one organization, it may be ineffective or even harmful at yours.
Try: The Nonprofit Risk Management Center provides information on volunteer risk management, financial risk management, employment practices, and the protection of youth involved in the nonprofit. The Construction Risk Management Portal and Library offers online risk management information, including articles and newsletters, for design and construction professionals.

Stay current by consulting professional associations for the risk management industry

Associations for risk management professionals usually devote much of their time to educating members about the latest news and trends in the industry. These groups offer print and online resources, as well as conferences and seminars.
Try: The Fiduciary & Investment Risk Management Association is open to risk managers at banks, trust companies, investment advisors, broker-dealers, insurance companies and other financial institutions. The Security Analysis and Risk Management Association is a nonprofit professional association for those who analyze man-made threats to systems, structures, operations and information systems.

 

• Just because a trend or method is new doesn't mean it's better than traditional practices. Wait a while to see how other companies fare with new risk management solutions before you implement them at your organization.

Copyright © 2011 Business.com, Inc. All Rights Reserved.

---