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 […]

The year’ Sense and Respond’ risk became a reality

  By Sean Pyott, MD of thryve   “Never let a good crisis go to waste,” said Winston Churchill, a quote that surfaced numerous times during 2020 – the living embodiment of crisis. I even used the quote in one of my first blogs of the year (Crisis vs Opportunity during the pandemic), though I […]

Beyond aspirations: how do we create ‘sense and respond’ risk management?

  By Sean Pyott, MD of thryve Last month, I reflected on the importance of risk managers and why they are in high demand right now. But what about companies – what kind of changes should they undergo to make better use of new risk management practices? It’s an important question because modern risk-management practices […]

Fixing strategic risk: the rise of objective-based ERM

Enterprise Risk Management

By Neer Rama, Force Solutions Product Manager at thryve Enterprise Risk Management (ERM) gained popularity for a specific reason. It offered what risk management was initially meant to provide: strategic value. Even the most basic strategic management course is an introduction to organisational risk. The ever-present SWOT analysis is essentially about identifying risks and opportunities, […]

Claims management across a Conglomerate: thryve Customer Story

claims management conglomerate

  Conglomerates are power business vehicles, delivering change and diversity that can materially improve the economies of entire nations, regions and even continents. One such conglomerate, an African giant, has been particularly successful across more than 15 sectors, with ambitions to expand those as well as into new ventures.  But to do so, it needed […]

The interesting history of Governance, Risk and Compliance

thryve at IRMSA Conference October 2019

  By Riaan Bekker, Force Solutions Managed, thryve As we head towards the IRMSA conference, 2-3 October at Gallagher Estate in Midrand, Johannesburg, I am preparing for my presentation on the debate between GRC and IRM. ‘Governance, Risk & Compliance vs. Integrated Risk Management’ became a topic of debate when research firm Gartner decided a […]

Why IRM matters – the IRM cloud story

By Riaan Bekker, Force Solutions Manager, thryve There is a bit of a storm in the GRC – that being the Governance, Risk and Compliance – world. Recently Gartner announced that it will no longer rate all GRC technology services in the same category. Instead, it has created a new category, IRM or Integrated Risk […]

Discover the power of risk-informed decision-making

By Neer Rama, Force Solutions Product Manager at thryve Canada There is a bit of a furore in the risk-management world. Advisory firm Gartner has thrown a cat among the pigeons by creating a new category for integrated risk management (IRM), away from its governance, risk & compliance (GRC) category. This may seem like a […]

Riskonnect named as Visionary in Gartner’s Magic Quadrant – again

  By Riaan Bekker, Force Solutions Manager at thryve Integrated risk management (IRM) is a fairly new discipline, but it’s already making great strides towards transforming all types of organisations. The philosophy is straightforward: instead of risk information languishing in silos and contributing to an incomplete picture of organisational risk, that information can be captured […]

Start swimming with the insurance challengers

  Insurance is changing, whether practitioners accept this or not. It is simply the reality of an industry where many new participants are arriving, rising fast and bringing a big wake of change along with them. Those companies that cannot swim with this tide will, as Bob Dylan famously sang, sink like a stone. The […]