Carol Williams

Straightforward Answers about ORSA and What it Means for Insurance Companies’ ERM Initiatives

February 3, 2017

Rules and regulations – we all have to deal with them right? Nowhere is this truer than with financial service and insurance companies, which are by far one of the most tightly regulated industries, especially after the 2008/09 financial crisis. While much of the world’s attention has been focused on banks and financial firms in…

8 Areas Where Florida Restaurants Must Proactively Manage Risks

January 20, 2017

It’s no secret that running a restaurant is hard… My husband’s grandfather, who was a successful business owner, told him that if a restaurant breaks even in 3 years, they’re doing really well. For some reason, his statement has stuck over the years, and it is something I think about frequently, especially since I started…

4 Risk Response Strategies You Will Have to Consider after Assessing Risks

January 10, 2017

Click here for an updated version of this article Decisions, decisions… It seems like it never ends, right? Between deciding what to do for lunch, when to fit that meeting in and what you’re going to wear to the upcoming conference, there are other decisions that you and risk owners will need to make regarding…

ERM Insights around the Web – Year End Edition

December 31, 2016

As we close out 2016, I first want to say thank you to the readers of my ERM Insights website. While it’s only in the beginning stages, I’ve been heartened by the response I’ve seen so far. My plan is to dramatically expand ERMInsightsbyCarol.com in the year ahead to help companies of all industries and…

6 Steps to Setting up Your Business Continuity Program

December 23, 2016

You know what it’s like – the first couple of days back from a vacation are always the worst. You have mountains of emails and projects to get caught up on, among other things. Compounding this problem are any new projects that your company leadership so graciously decided to throw in your lap while you…

The “Next Frontier” of Enterprise Risk Management – From Compliance to Strategy

December 15, 2016

Is this really the next frontier of the enterprise risk management process’ role within the organization? Or is the future now? When it comes to seeing what the future holds, you need to know the history. The same applies to enterprise risk management (ERM), which has an interesting history. In fact, this history is nicely…

4 Critical Actions for Successful ERM Program

4 Critical Things Organizations Must Do to Ensure an ERM Program’s Success

December 7, 2016

Congratulations! Your organization has determined that it needs to implement an ERM program. You’ve done all the research on the standards to use for establishing a governance structure, and you’ve committed to your board that the top risks to your business will be identified and managed. Unfortunately, this beginning is the easiest part. Like any…

Launch your ERM Program by First Establishing Governance Structure, Principles and Processes

November 30, 2016

Learn more about the 3 steps to setting up an ERM program and why they are critical both inside and outside the organization Congratulations! You’ve just been handed the responsibility of setting up or revamping your company’s ERM program. Once the excitement wears off though, you really have no idea where to begin. You quickly…

Wait a Second – You Mean We Can Have Positive Risks Too?

November 19, 2016

I know, seems counter-intuitive, right? When we hear the word “risk,” we automatically think it has to be negative. In many cases, it is. Perhaps a certain process is outdated and causing the company to lose money, or a defective product is leading to some bad press. However, some risks can be considered “positive,” at…