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Risk Management Assessment
Company logo for “The ALS Group” featuring a stylized blue and white lightburst graphic
RMA

The ALS Group Risk Management Articles

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

Don’t Lose It Over a Data Breach

Many of the cyber risks discussed today revolve around outside intrusions such as data breaches, viruses, or reputational risks brought on by improper social media use. Another significant risk that must be considered is a major data loss event, whether caused by a technical malfunction or a non-technical property loss such as fire or water damage. While you cannot guarantee a data loss will not happen, there are ways to indemnify and protect yourself if you experience such a data loss.

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The ALS Group April 18, 2014

Enterprise Risk Management – Keep it Simple

Last week, I attended the Enterprise Risk Management (ERM) Workshop in North Carolina, held by North Carolina State University (NCSU). This was the second such meeting that was hosted by NCSU. While many topics were discussed, the recurring theme resonating through the workshop was how can a company effectively report an ERM program to the board and explain how such program adds value.

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The ALS Group April 10, 2014

Indemnity in Construction Contracts

Contracts, Insurance and Certificates…..the saga continues…. As a follow-up to my colleague’s recent post in Construction Executive, I wanted to emphasize the need for properly written contracts.  In construction projects, the contract documents form the basis of the agreement between the parties involved in the project. Written construction contracts impose many duties, obligations and liabilities on contractors. Although project owners pay great attention to the operational issues addressed in these contracts, many pay too little attention to the risk and insurance implications of various contract provisions.

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The ALS Group March 12, 2014

ERM: Where do we start?

With the multitude of information available, it is no surprise that the process of implementing an ERM Program seems daunting. As highlighted in our prior blog, Strategic Risks: More Important Now Than Ever, one of the very first steps in this process is to form an Executive Risk Committee (ERC).

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The ALS Group January 16, 2014

Strategic Risks: More Important Now than Ever

Strategic Risks are risks that affect or are created by an organization’s business strategy and strategic objectives. For companies that are committed to thoughtfully managing risk, strategic risk is not a new concept. However, with social media and the speed in which everything happens these days, strategic risks are becoming a high priority for senior leaders. In a recent study released by Deloitte, 81% of companies surveyed now explicitly manage strategic risks, rather than simply focusing on more traditional risk areas, such as operational, compliance and financial risks.

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The ALS Group January 8, 2014

HACKED

With the continued news reports of  data breaches of high profile businesses, most recently Target, Adobe, Lexis Nexis, and Apple, I thought I would provide you a few thoughts to add to your risk management “New Year’s resolutions” (I know you have them…). Since most of you know I travel quite frequently, both domestically and internationally, I use the wait time at airports, hotels, etc. to work.  I thought the article in the last issue of Executive Travel magazine is a good reminder to all of us on electronic “travel security” and how not to be duped by the growing sophistication of the hackers who prey on the weary business

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The ALS Group January 7, 2014

What Makes an ERM Program a Success?

I recently attended the Enterprise Risk Management Roundtable Summit in North Carolina held by NC State University that included representatives from Harley Davidson and Caterpillar among  the speakers. This summit helped me gain insight into the emerging importance of a comprehensive risk management program and different strategies the companies have implemented.

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The ALS Group December 3, 2013

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