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 […]

The risk manager is now hot stuff. Where to next?

  By Sean Pyott, MD of thryve   People have been predicting for years that risk management will step from its back-office nook and into the leadership sphere. This prediction gained some traction at the start of this century with integrated risk management (IRM) and Governance, Regulation & Compliance (GRC) technology systems offering greater integration […]

4 traits to face a crisis, and how technology helps

By Sean Pyott, MD of thryve The pandemic is having a radical impact on leaders, though few state it better than this Harvard Business School article: “Before COVID-19, CEOs and other executives in high-growth companies were focused on fostering innovation, driving revenue, and gaining market share. Today, many of those same leaders must make rapid […]

How Covid-19 affects a CEOs view on risk

  By Sean Pyott, MD of thryve The funny thing about COVID-19 is that we saw it coming. Unlike a black swan, which is an unexpected event only obvious after the fact, little was unexpected about the current epidemic. In the past two decades, there have been several outbreaks involving coronaviruses. Though minor, they signalled […]

How to start harvesting data from spreadsheets

  By Riaan Bekker, Force Solutions Manager at thryve Spreadsheets are very useful. Yes, they can be very narrowly defined and even encourage the silo cultures that exist between departments or teams. But they are also a very well-understood and widely-used business tool. Whether you want to use data more holistically or if you wish […]

Bringing Ontario’s insurance back to the customer

By Neer Rama, Force Solutions Product Manager at thryve The arrival of Ontario’s Financial Services Regulatory Authority (FSRA) is a welcome change for the province’s beleaguered motorists. The FSRA has oversight over financial services in general. But there is a particular hope that it will address the ongoing problems of local vehicle insurance, a point […]

Crisis vs Opportunity during the pandemic

By Sean Pyott, MD of thryve This column is an expanded version from my introduction in thryve’s latest newsletter. To subscribe to thryve’s free monthly newsletter, please visit thryve.com. I’ve seen a lot of mention about the relationship between crisis and opportunity. There is the favoured quote from Winston Churchill: “Never let a good crisis […]

Rasmussen on choosing enterprise-grade GRC/IRMS

By Riaan Bekker, Force Solutions Manager at thryve Michael Rasmussen is a name you might know if you take an interest in GRC/IRMS systems. I mention both titles, because Rasmussen not only coined the amalgam Governance, Risk & Compliance (GRC) to identify new risk-management technologies. He also recently went to war against the term ‘Integrated […]

Why crisis also means opportunity

By Riaan Bekker, Force Solutions Manager at thryve The Chinese word for ‘crisis’ is not a combination of ‘danger’ and ‘opportunity’. Like many such attributed pieces of wisdom, the actual concept came from Western authors fascinated by the idea, encouraged by a mistranslation of the Chinese word. Politicians, most famously US President John F. Kennedy, […]