In an increasingly interconnected, volatile and uncertain world, it’s clear that the risk landscape is changing. Both the speed at which risk events occur and the extent to which they spread have risen dramatically. Risks that once seemed improbable and even remote have also become the norm. Business leaders everywhere must now ‘expect the unexpected’.
To navigate through turbulent times, companies need to develop a new trait: resilience. This combines the ability to ride out the immediate impact of shocks with the agility to adapt to constantly changing conditions. Organisations that can understand and manage their risks effectively are better placed to grow, confident they can withstand known and unexpected risks alike.
An increasing number of businesses are now focusing on risk resilience as well as risk management. They’re exploring new ways of managing unpredictable threats, including collaborating more closely with governments, changing their remuneration schemes to encourage more risk-aware behaviour and breaking down internal barriers to ensure a holistic organisational response to risk.
Many companies are also using scenario planning to get a better understanding of global risks. And they’re adopting new processes and incentives to help close the gap between their strategic and operational risk approaches, and foster a risk-aware culture.
08 Sep 2015
Insurers and reinsurers face growing demand for cyber insurance, but how can they capitalise on this opportunity, whilst managing their risk exposure?
11 Aug 2015
PwC, as Principal Sponsor of the RiskMinds International conference for over 20 years, helps lead the debate in global financial services risk.
16 Jun 2015
We believe that only a few companies are truly ready. They’ve built their readiness through the emerging capability of resilience, with six distinctive traits that combine to define their ability to survive and evolve in the face of change.
01 Jun 2015
Quickly understand the facts, stats and data from our insight with these engaging graphics.
17 Apr 2015
Insurance Banana Skins is piece of research conducted by PwC in association with the Centre for the Study of Financial Innovation (CSFI), an independent think tank. It's a survey of insurers and seeks out their views on current risk and future trends.
13 Apr 2015
Water is a business risk that needs active management. Explore why and how to collaborate well with others sharing a water basin.
20 Mar 2015
In the current (and likely foreseeable) environment of rapidly shifting and often disruptive trends, enterprise resilience entails not only preparing for risk, but capitalizing on the opportunity that often accompanies it.
17 Apr 2014
Eyes Wide Shut – Global insights and actions for banks in the digital age aims to provide insights and understanding into the future of digital trends in the retail banking industry - critical to not only your actions today, but your plans for the future.
23 Apr 2012
The 14th PwC Global Power & Utilities Survey goes to the heart of boardroom thinking in utility companies across the globe.
Trying to stamp out bad behaviour in financial services is creating a climate of fear. And that risks breeding more unethical conduct, not less - exactly the opposite of what regulators, businesses and the public want. The threat of fines, bonus clawbacks or prison hasn’t halted a string of misselling and market-rigging scandals.