How to build operational resilience

  Earlier this year, UK financial authorities published their final policy statements for operational resiliency. Though the process started in 2018, events such as the pandemic and escalating cyberattacks greatly influenced these policies. Even though organisations and financial systems have been able to get through such rough patches, it was not because they are supremely […]

Interview: Insurance capacity might soon shrink – and customers need to pick up the slack

    Mitigating risk through the purchase of insurance is a tried-and-tested method used by organisations. But picture the day when organisations must compete with each other for insurance capacity. This may not be far away. Several different factors in the insurance world are causing capacity to shrink (hence price/premium inflation) and this may create […]

Call to Action 1: Creating Integrating Strategy, Risk and Resilience

    This article is part one of a series unpacking the five Call To Actions in IRMSA’s 2021 Risk Report. To learn more about the five CTAs and the report, please read this blog from thryve’s Managing Director. Integrating strategy, risk and resilience is not a new concept. Forward-looking risk experts have for years noted the […]

Call to Action 5: Leveraging the Risk Professional

    This article is part one of a series unpacking the five Call To Actions in IRMSA’s 2021 Risk Report. To learn more about the five CTAs and the report, please read this blog from thryve’s Managing Director. Risk management roles are currently undergoing a transformation, moving from a reactive support role to a […]

Quantitative Risk’s time has come

Risk management is about spotting opportunities and enabling executives to act on them. These can be positive or negative – the point of risk management exercises is to identify those elements that should concern decision-makers. It’s about understanding the likelihood of success, ensuring the goals and objectives at hand are the right ones. To reach […]

IRMSA’s 2021 Call To Actions – It’s time to step up!

    By Sean Pyott, Managing Director of thryve The new risk report from The Institute of Risk Management South Africa (IRMSA) is their best yet. Part of that credit can go to the experience of releasing seven editions of what has become a definitive and internationally-recognised paper on South Africa. Creating an authentic local […]

Operational Resiliency: What is it, and why does it matter?

      In his famous work, The Art of War, Sun Tzu lays out a few basic principles for winning a conflict. He notes time and again that a fed- and equipped army is an effective army, so look after supply lines. This is the basic idea of Operational Resiliency, a concept gaining traction […]

Time to step up! IRMSA launches the 2021 Risk Report

    “As risk professionals, will you step up and be bold? Step up and be the voice of risk management!” With these words, the Institute of Risk Management South Africa (IRMSA) CEO, Thabile Nyaba, launched the 2021 edition of IRMSA’s risk report. Focused on South Africa, the report breaks down the country’s opportunities and […]

A look back at SA’s 2020 risks

    By Sean Pyott, Managing Director of thryve I’m looking forward to reading IRMSA’s new risk report, due later this month. For several years, the IRMSA report has been the primary benchmark for summarising South Africa’s risk – developed because global risk reports don’t provide the nuance we need for a local context. That […]