IRM's risk predictions for 2019
Cybersecurity, BREXIT, geopolitics and financial market fluctuations are among chief concerns for businesses voiced by some of the UK’s leading risk experts as they look ahead to 2019.
At the start of the year, senior members of IRM were asked to identify key risk areas for businesses for the year ahead. A broad range of financial, political and healthcare risks were highlighted. Many of these align with risks identified in The Global Risks Report 2019 (to be released on the 16thJanuary) by the World Economic Forum.
Further areas of risk concern identified by IRM risk experts were the as yet unknown effects of Brexit in the UK and the impact of technology enabled disruptive business models.
“The impact of current macro trends and risks, such as cybersecurity, AI and Brexit in the UK will continue to put pressure on, and potentially change, entire business sectors,” says IRM Chairman Socrates Coudounaris.
“Leaders who think critically about the future, anticipate disruption to their sectors, while building resilience and agility in their models, will be in a better position to tackle a challenging risk environment in 2019 and thrive.”
“This year the IRM will place significant emphasis on supporting businesses and risk professionals in understanding, managing game-changing risks such as cyber; for example our new Digital Risk Management Certificate (developed with support from Warwick University).
Through the IRM’s qualifications, training and thought leadership -including the launch of the Cambridge Judge Business School and IRM research report: Perspectives of Global Corporationswhich highlights the top global risk management concerns over the next 12 months – we will encourage leaders to think tactically and strategically about change and to question whether and how a threat can be turned into an opportunity. Risk professionals will be key strategic advisers in this journey.”
To view the IRM’s detail risk predictions for 2019, click the link below……
The Institute of Risk Management (IRM) is the world’s leading enterprise-wide risk education Institute. We are independent, well-respected advocates of the risk profession, owned by practising risk professionals. IRM passionately believes in the importance of risk management and that investment in education and continuing professional development leads to more effective risk management.
We provide qualifications, short courses and events at a range of levels from introductory to expert. IRM supports risk professionals by providing the skills and tools needed to put theory into practice in order to deal with the demands of a constantly changing, sophisticated and challenging business environment. We operate internationally, with members and students in over 90 countries, drawn from a variety of risk-related disciplines and a wide range of industries.
As a not-for-profit organisation, IRM reinvests any surplus from its activities in the development of international qualifications, membership, short courses and events.
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