Aon has developed a proprietary diagnostic tool to help risk leaders quickly assess their organization’s global supply chain exposures across a variety of key marketplace supply chain indicators.
In the complex and dynamic global risk environment, risk managers play an increasingly vital role in helping their organizations understand, prioritize and manage critical exposures affecting their operations and supply chains.
Today, along with catastrophic property risks, expanding cyber threats, terrorism, supplier insolvency, product integrity and reputational issues, businesses relying on global supply chains must navigate widening geopolitical challenges brought by rising nationalism.
As business leaders, planning, finance and operations executives strive to anticipate how these developments might affect their cross-border trade relationships, effective and forward-looking supply chain risk management is critical to sound decision-making. Aon’s Supply Chain Diagnostic helps clients flag supply chain vulnerabilities and improve resiliency.
Maintaining Credit Quality in Banks and Credit UnionsLibby Bierman
In this session, Sageworks presented different ways that people in the bank can curb credit risk in an effort to maintain and improve credit quality of the portfolio.
Value Engineering. Measuring and managing risks in the wind energy industryStavros Thomas
As wind turbines number increased around the world, the number of hazardous accidents is also rising, causing critics to question overall safety. A recent study from Anemorphosis Research Group reveals how wind power professionals manage risk, from current areas of concern to anticipated challenges.
Pharmacovigilance Smart Sourcing Strategy: Vendor Selection for Safety & Risk...Covance
Strategic planning, sourcing and implementation of safety and risk management operations are complex activities that involve a multitude of factors. Due to the maturity of the outsourcing industry, compliant, quality and efficient safety operations are basic expectations now for the outsourcing of pharmacovigilance (PV) activities. This trend has enabled sponsors to focus their in-house resources on the strategic elements of safety and risk management while leveraging the service provider's capabilities.
Maintaining Credit Quality in Banks and Credit UnionsLibby Bierman
In this session, Sageworks presented different ways that people in the bank can curb credit risk in an effort to maintain and improve credit quality of the portfolio.
Value Engineering. Measuring and managing risks in the wind energy industryStavros Thomas
As wind turbines number increased around the world, the number of hazardous accidents is also rising, causing critics to question overall safety. A recent study from Anemorphosis Research Group reveals how wind power professionals manage risk, from current areas of concern to anticipated challenges.
Pharmacovigilance Smart Sourcing Strategy: Vendor Selection for Safety & Risk...Covance
Strategic planning, sourcing and implementation of safety and risk management operations are complex activities that involve a multitude of factors. Due to the maturity of the outsourcing industry, compliant, quality and efficient safety operations are basic expectations now for the outsourcing of pharmacovigilance (PV) activities. This trend has enabled sponsors to focus their in-house resources on the strategic elements of safety and risk management while leveraging the service provider's capabilities.
Integrated Safety and Risk Management Solutions - Addressing the Needs of Sma...Covance
Premarketing clinical safety and PV activities, and the technology infrastructure that supports it, are typically outsourced to multiple contract research organisations (CROs) as part of their clinical trial programmes. **Disclaimer: This article was previously published. Sciformix is now a Covance company.
How To Drive Clinical Improvement Programs That Get Results - HAS Session 20Health Catalyst
Getting accurate data does not improve care unless empowered teams are created with knowledge of how to apply the data. This was the highest-rated breakout session, and the second-highest rated session overall. This was a very hands-on session, using four different “ah ha” experiences to demonstrate key principles for getting clinical improvement results. These experiences included a deal or no deal re-enactment, a popsicle bomb exercise, a water stopping contest, and Paul Revere exercise. Key principles included how to prioritize your clinical improvement programs and cohorts, defining and selecting the most impactful AIM statements, fixing data quality, and defining and rolling out interventions throughout the system.
Given the stringent regulatory requirements in the health care industry, it is important for bio-pharmal companies to develop innovative Risk Evaluation and Mitigation Strategies (REMS) plans during the commercialization of certain products to ensure an acceptable risk-to-benefit ratio.
This benchmark study published by Best Practices, LLC examines how companies develop and execute successful Risk Evaluation and Mitigation Strategies (REMS) plans for newly-approved drugs in the U.S. market. This study can help bio-pharma companies in creating successful REMS programs.
Download Full Report: http://bit.ly/2aOt5Id
Great value propositions payer value deliveredCuro Consulting
Building a Payer value strategy is an incredibly complex process. We all look for the silver bullet: huge unmet need, great performance and an easy price target. In reality, most Market Access strategies are much more difficult. You may have significant unmet need and great performance but the economic challenges still need to be overcome…
What you'll learn:
• To achieve and manage successful MA strategies through a clear and pragmatic roadmap
• Insights into tools for MA management from flat files to web-based applications
• To deliver MA teams strategic aspirations
Cloudbyz Safety is a multi-tenant, cloud-based solution that leverages industry standards practices that are implemented as out-of-the-box features and functionalities to transform the product life cycle.
Cloudbyz Safety is a life sciences cognitive computing platform that enable automation of core processes, such as case processing, and drive efficient clinical safety and benefit-risk management programs. Clients achieve full compliance with regulations from ICH, FDA, EMA and PMDA, including all regional variations.
Resilient Supply Chains: How to Dynamically Manage Risk, Opportunity, and Bus...IHS
Supply chain disruptions are occurring at an alarming rate. An unrelenting barrage of man-made risk and natural disasters has made a profound and highly-visible impact on many global operations. Despite immediate attention on short term recovery, companies affected experience sustained, long-term impacts to share price, shareholder value, and operating performance.
Companies can no longer afford to be unprepared for the inevitability of disruption. As simple players within large, globally-integrated supply chains, they must become resilient to the volatile factors threatening sustained performance. And, resilience will only be achieved when companies master the ability to sense and respond to changes -- before they occur.
Join this 1-hour webcast where IHS experts will discuss supply chain risk and outline the importance of becoming resilient:
Who is at risk from supply chain disruption?
What does it mean to be resilient?
Where do traditional approaches to risk fail?
Why are leaders re-tooling their super-lean supply chains?
How can your organization sense and respond to change?
A recording of this presentation can be viewed here: http://www.slideshare.net/ihs_supplychain/resilient-supply-chains-how-to-dynamically-manage-risk-opportunity-and-business-continuity-25924392
Study ROI of Supply Chain Risk Management (riskmethods Nov 2014)Heiko Schwarz
“ROI of Supply Chain Risk Management” The study provides detailed information on which individual potentials - that can be evaluated in monetary terms - provide the source for calculating ROI of SCRM. Learn more download the brand new study about SCRM!
Shift Health co-hosted a Product Development Boot Camp with the Global HIV Vaccine Enterprise. The Boot Camp afforded workshop participants an opportunity to discuss best practices, to learn from the experience of other experts and to create an enduring resource and toolkit that will serve the HIV vaccine field and beyond.
Product development refers to the multifaceted, long-term, highly regulated process that brings promising new drugs, vaccines and medical devices to the populations who most need them. In fields such as HIV vaccine development, where the absence of commercial incentives can make it difficult for companies to lead this process on their own, inventors need to work in partnership with diverse stakeholders and funders to maximize the social and economic impact of their research.
Ryan Wiley, PhD, President at Shift Health, delivered an overview of product development partnerships, which exhibit three common elements:
Defined governance mechanisms that enable appropriate participation in decision-making
Disciplined approach to communication among partners and with stakeholders
IP policies that balance the needs of individual partners with the objectives of the partnership.
Transforming Pharmacovigilance Workflows with AI & Automation Perficient, Inc.
Medical information call centers have an opportunity to transform the way they capture, code, and analyze adverse events (AEs) and product quality complaints (PQCs) with artificial intelligence (AI) and automation.
The use of such innovative technology improves data quality and consistency, compliance, and operational efficiency. It helps reduce the frequency of your pharmacovigilance (PV) operations resources going home, saying, “I have more to do at the end of the day than I did when I started."
Our one-hour, on-demand webinar shows you how you can use AI and automation to turbo-charge your end-to-end PV system. Use cases and demonstrations will include:
Analyzing safety data
Auto-coding verbatim terms to official medical dictionary terms
Auto-creating an AE case in your database
Converting speech to text
Contractor Safety Beyond Compliance - Modeling OSHA’s recommended best practi...browzcompliance
In this presentation, the speaker will address how the many pieces of safety/health are put together to fit into a larger management system – where the whole is greater than the sum parts. Host employers who hire contractors can utilize the seven core elements to assess their supply chain companies – using a beyond compliance approach to vetting their suppliers.
Shift Health co-hosted a Product Development Boot Camp with the Global HIV Vaccine Enterprise. The Boot Camp afforded workshop participants an opportunity to discuss best practices, to learn from the experience of other experts and to create an enduring resource and toolkit that will serve the HIV vaccine field and beyond.
Product development refers to the multifaceted, long-term, highly regulated process that brings promising new drugs, vaccines and medical devices to the populations who most need them. In fields such as HIV vaccine development, where the absence of commercial incentives can make it difficult for companies to lead this process on their own, inventors need to work in partnership with diverse stakeholders and funders to maximize the social and economic impact of their research.
Anne Mullin, PhD, Engagement Leader, Director, Team Performance and Development at Shift Health, outlined the elements of planning for trial success:
Build contingency plans around potential scenarios
Define proactive and reactive responses in a prescriptive and unambiguous manner
Ensure that contingency plans set the stage for future product access.
Journey to Safety Excellence – Tagline or Tangible Resource?browzcompliance
In 2014, the National Safety Council kicked off an initiative called “The Journey to Safety Excellence,” a result of the Council’s understanding that many small to medium sized companies do not have the same safety resources and networking capabilities as larger corporations.
To that end, the Council put together free assessment tools, resource information and a networking structure that smaller companies could utilize at no cost — so they could start down their own path of safety excellence. In this presentation, attendees will learn how businesses of many types can benefit in utilizing the free resources.
This webinar takes the audience through the steps of continuous safety process improvement, and talks through a real-life scenario of how a company could utilize each aspect of the Journey to Safety Excellence resources.
To join or learn more about The Journey to Safety Excellence, visit: http://www.nsc.org/Measure/Pages/journey-to-safety-excellence.aspx.
Global supply chain management brochureGraeme Cross
Aon’s Approach to supply chain management recognizes the wide spectrum of risks that can negatively impact our clients’ business operations, some of which are common to all industries and others very specific to a particular segment. We bring efficiency to the process by triaging each client’s specific supply chain needs, and deploying a hand-picked team of specialists that can develop industry specific solutions ranging from risk identification and quantification to tailored risk financing programs and claim resolution strategies.
Reducing an organisation’s property total cost of risk
(TCOR) is fundamental to its operational resiliency and
financial bottom line. Aon Property Laser is a unique
property and business interruption risk management
methodology that incorporates leading-edge diagnostic
and analytical tools to quantify risk exposure. By
identifying and analysing key property performance
indicators, Aon Property Laser helps organisations
to improve their risk profile, while also making the
insurance policy work more effectively should a loss
occur. Our property experts benchmark pre-loss and
post-loss risk management practices, activities and
results, to help assess and optimise an organisation’s
property risk profile.
Integrated Safety and Risk Management Solutions - Addressing the Needs of Sma...Covance
Premarketing clinical safety and PV activities, and the technology infrastructure that supports it, are typically outsourced to multiple contract research organisations (CROs) as part of their clinical trial programmes. **Disclaimer: This article was previously published. Sciformix is now a Covance company.
How To Drive Clinical Improvement Programs That Get Results - HAS Session 20Health Catalyst
Getting accurate data does not improve care unless empowered teams are created with knowledge of how to apply the data. This was the highest-rated breakout session, and the second-highest rated session overall. This was a very hands-on session, using four different “ah ha” experiences to demonstrate key principles for getting clinical improvement results. These experiences included a deal or no deal re-enactment, a popsicle bomb exercise, a water stopping contest, and Paul Revere exercise. Key principles included how to prioritize your clinical improvement programs and cohorts, defining and selecting the most impactful AIM statements, fixing data quality, and defining and rolling out interventions throughout the system.
Given the stringent regulatory requirements in the health care industry, it is important for bio-pharmal companies to develop innovative Risk Evaluation and Mitigation Strategies (REMS) plans during the commercialization of certain products to ensure an acceptable risk-to-benefit ratio.
This benchmark study published by Best Practices, LLC examines how companies develop and execute successful Risk Evaluation and Mitigation Strategies (REMS) plans for newly-approved drugs in the U.S. market. This study can help bio-pharma companies in creating successful REMS programs.
Download Full Report: http://bit.ly/2aOt5Id
Great value propositions payer value deliveredCuro Consulting
Building a Payer value strategy is an incredibly complex process. We all look for the silver bullet: huge unmet need, great performance and an easy price target. In reality, most Market Access strategies are much more difficult. You may have significant unmet need and great performance but the economic challenges still need to be overcome…
What you'll learn:
• To achieve and manage successful MA strategies through a clear and pragmatic roadmap
• Insights into tools for MA management from flat files to web-based applications
• To deliver MA teams strategic aspirations
Cloudbyz Safety is a multi-tenant, cloud-based solution that leverages industry standards practices that are implemented as out-of-the-box features and functionalities to transform the product life cycle.
Cloudbyz Safety is a life sciences cognitive computing platform that enable automation of core processes, such as case processing, and drive efficient clinical safety and benefit-risk management programs. Clients achieve full compliance with regulations from ICH, FDA, EMA and PMDA, including all regional variations.
Resilient Supply Chains: How to Dynamically Manage Risk, Opportunity, and Bus...IHS
Supply chain disruptions are occurring at an alarming rate. An unrelenting barrage of man-made risk and natural disasters has made a profound and highly-visible impact on many global operations. Despite immediate attention on short term recovery, companies affected experience sustained, long-term impacts to share price, shareholder value, and operating performance.
Companies can no longer afford to be unprepared for the inevitability of disruption. As simple players within large, globally-integrated supply chains, they must become resilient to the volatile factors threatening sustained performance. And, resilience will only be achieved when companies master the ability to sense and respond to changes -- before they occur.
Join this 1-hour webcast where IHS experts will discuss supply chain risk and outline the importance of becoming resilient:
Who is at risk from supply chain disruption?
What does it mean to be resilient?
Where do traditional approaches to risk fail?
Why are leaders re-tooling their super-lean supply chains?
How can your organization sense and respond to change?
A recording of this presentation can be viewed here: http://www.slideshare.net/ihs_supplychain/resilient-supply-chains-how-to-dynamically-manage-risk-opportunity-and-business-continuity-25924392
Study ROI of Supply Chain Risk Management (riskmethods Nov 2014)Heiko Schwarz
“ROI of Supply Chain Risk Management” The study provides detailed information on which individual potentials - that can be evaluated in monetary terms - provide the source for calculating ROI of SCRM. Learn more download the brand new study about SCRM!
Shift Health co-hosted a Product Development Boot Camp with the Global HIV Vaccine Enterprise. The Boot Camp afforded workshop participants an opportunity to discuss best practices, to learn from the experience of other experts and to create an enduring resource and toolkit that will serve the HIV vaccine field and beyond.
Product development refers to the multifaceted, long-term, highly regulated process that brings promising new drugs, vaccines and medical devices to the populations who most need them. In fields such as HIV vaccine development, where the absence of commercial incentives can make it difficult for companies to lead this process on their own, inventors need to work in partnership with diverse stakeholders and funders to maximize the social and economic impact of their research.
Ryan Wiley, PhD, President at Shift Health, delivered an overview of product development partnerships, which exhibit three common elements:
Defined governance mechanisms that enable appropriate participation in decision-making
Disciplined approach to communication among partners and with stakeholders
IP policies that balance the needs of individual partners with the objectives of the partnership.
Transforming Pharmacovigilance Workflows with AI & Automation Perficient, Inc.
Medical information call centers have an opportunity to transform the way they capture, code, and analyze adverse events (AEs) and product quality complaints (PQCs) with artificial intelligence (AI) and automation.
The use of such innovative technology improves data quality and consistency, compliance, and operational efficiency. It helps reduce the frequency of your pharmacovigilance (PV) operations resources going home, saying, “I have more to do at the end of the day than I did when I started."
Our one-hour, on-demand webinar shows you how you can use AI and automation to turbo-charge your end-to-end PV system. Use cases and demonstrations will include:
Analyzing safety data
Auto-coding verbatim terms to official medical dictionary terms
Auto-creating an AE case in your database
Converting speech to text
Contractor Safety Beyond Compliance - Modeling OSHA’s recommended best practi...browzcompliance
In this presentation, the speaker will address how the many pieces of safety/health are put together to fit into a larger management system – where the whole is greater than the sum parts. Host employers who hire contractors can utilize the seven core elements to assess their supply chain companies – using a beyond compliance approach to vetting their suppliers.
Shift Health co-hosted a Product Development Boot Camp with the Global HIV Vaccine Enterprise. The Boot Camp afforded workshop participants an opportunity to discuss best practices, to learn from the experience of other experts and to create an enduring resource and toolkit that will serve the HIV vaccine field and beyond.
Product development refers to the multifaceted, long-term, highly regulated process that brings promising new drugs, vaccines and medical devices to the populations who most need them. In fields such as HIV vaccine development, where the absence of commercial incentives can make it difficult for companies to lead this process on their own, inventors need to work in partnership with diverse stakeholders and funders to maximize the social and economic impact of their research.
Anne Mullin, PhD, Engagement Leader, Director, Team Performance and Development at Shift Health, outlined the elements of planning for trial success:
Build contingency plans around potential scenarios
Define proactive and reactive responses in a prescriptive and unambiguous manner
Ensure that contingency plans set the stage for future product access.
Journey to Safety Excellence – Tagline or Tangible Resource?browzcompliance
In 2014, the National Safety Council kicked off an initiative called “The Journey to Safety Excellence,” a result of the Council’s understanding that many small to medium sized companies do not have the same safety resources and networking capabilities as larger corporations.
To that end, the Council put together free assessment tools, resource information and a networking structure that smaller companies could utilize at no cost — so they could start down their own path of safety excellence. In this presentation, attendees will learn how businesses of many types can benefit in utilizing the free resources.
This webinar takes the audience through the steps of continuous safety process improvement, and talks through a real-life scenario of how a company could utilize each aspect of the Journey to Safety Excellence resources.
To join or learn more about The Journey to Safety Excellence, visit: http://www.nsc.org/Measure/Pages/journey-to-safety-excellence.aspx.
Global supply chain management brochureGraeme Cross
Aon’s Approach to supply chain management recognizes the wide spectrum of risks that can negatively impact our clients’ business operations, some of which are common to all industries and others very specific to a particular segment. We bring efficiency to the process by triaging each client’s specific supply chain needs, and deploying a hand-picked team of specialists that can develop industry specific solutions ranging from risk identification and quantification to tailored risk financing programs and claim resolution strategies.
Reducing an organisation’s property total cost of risk
(TCOR) is fundamental to its operational resiliency and
financial bottom line. Aon Property Laser is a unique
property and business interruption risk management
methodology that incorporates leading-edge diagnostic
and analytical tools to quantify risk exposure. By
identifying and analysing key property performance
indicators, Aon Property Laser helps organisations
to improve their risk profile, while also making the
insurance policy work more effectively should a loss
occur. Our property experts benchmark pre-loss and
post-loss risk management practices, activities and
results, to help assess and optimise an organisation’s
property risk profile.
Effective procurement risk management is critical for businesses to ensure that they are not exposed to unnecessary risks that can negatively impact their bottom line. Procurement risks can arise from various sources, such as supplier non-performance, quality issues, and price volatility. To mitigate these risks, companies must conduct a comprehensive procurement risk assessment and implement strategies to minimize potential threats.
This white paper discuss on building a supply chain beyond risks factors surrounding organization operations. Companies today work on several supply chain strategies to improve their supply chain.
Risk factors in as-is process and how to eliminate those risks.
Are you a risk or finance leader of an organization with exposures across multiple territories?
Take our Global Optimization Index survey. The 75 questions are
directly related to international risk management and will help you to measure your company’s risk management practices as compared to Aon’s best practice standards and find areas of focus to enhance the performance of your multinational risk management approach.
18
MPM344 Project Risk Management
Medical Needs Risk Management
Connie Farris
11/21/2018
Table of Contents
Project Outline 3
Project Description 3
Method (Agile or Waterfall) 3
Risk Categories 4
Risk Register 6
Project Risk Analyses 9
Qualitative Risk Analysis 9
Project Risk Response Strategy TB 11
Risk Response Strategy 11
Plan for Reviewing Risk Responses 12
Identification of New Risks 14
Project Risk Communications Plan TB 15
Communications Matrix 15
Memo to the Project Sponsor 16
References 17
Project OutlineProject Description
The quality gauges of therapeutic devices contain numerous viewpoints, for example, plan control, Risk management, vendor management etc. (Singh, 2017) In this paper we are going to discuss the importance of Risk management for medical devices and steps to perform during the product development stage. Risk management is a critical part of the medical device product development lifecycle. (Singh, 2017) It enables medical device engineers to guarantee that the item is dependable, functions obviously and will be no damage to the patients, administrators or the earth. In other words, the main purpose of the Risk management cycle is to lessen or curb the odds of disappointment in the item.
Medical Needs is a company that designs and manufactures medical devices and will be opening a new company and would like for us to do the risk management involved with the materials used for these devices and the design to ensure the devices are compliant to all regulations during production. There are many areas we will cover during this project to ensure that a quality product is available for the public consumer. We are looking at completing this project in less than six months before the manufacturing process commences. We will look at everything from vendor, mechanical and that everything planned before the company is open will be as risk free as possible.
Method (Agile or Waterfall)
. We will be using an Agile Method to conduct this risk assessment. The agile methodology with more checkpoints, gives you a chance to refine what you are working for the client, and what they are at last given. (Tan, 2016) Agile gives the chance to take what you made, offer it to a customer, and bring out criticism. Considering the input, you can decide if you are going the correct way. (Tan, 2016) If changes are required, you give yourself the chance to adjust and alter. When creating medicinal devices, numerous sources of info that must be contemplated. Distinguish the requirements of the end client however comprehend the potential dangers that the item may present to end clients and guarantee that your item is adequately protected and powerful by structuring risk adjustment into your medical device.
When using the agile process, you must understand how the Risk management process fits in, and then consolidate that approach into the project development plan. (Tan, 2016) By using t.
This complete deck covers various topics and highlights important concepts. It has PPT slides which cater to your business needs. This complete deck presentation emphasizes Procurement Risk Management PowerPoint Presentation Slides and has templates with professional background images and relevant content. This deck consists of total of thirty seven slides. Our designers have created customizable templates, keeping your convenience in mind. You can edit the colour, text and font size with ease. Not just this, you can also add or delete the content if needed. Get access to this fully editable complete presentation by clicking the download button below. http://bit.ly/2uCY6i5
Effective procurement risk management is critical for businesses to ensure that they are not exposed to unnecessary risks that can negatively impact their bottom line. Procurement risks can arise from various sources, such as supplier non-performance, quality issues, and price volatility. To mitigate these risks, companies must conduct a comprehensive procurement risk assessment and implement strategies to minimize potential threats.
A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
Key Concerns in the Pharmaceutical and Healthcare Supply Chain - D.Quinn Apri...Dan Quinn
This is the output of a recent Achilles sponsored round-table on Supply Chain Risk Management at the ProcureCon Health 2013 event in Zurich - hope you find it interesting. Regards, Dan.
A surety bond is a financial instrument through which an insurance company guarantees the successful performance of an Aon
client to a third party, known as a beneficiary or employer. It is a written agreement that provides compensation in the event
that specified obligations are not performed within a stated period.
With an ever-changing political scene and limited time left to conclude the negotiations for the United Kingdom’s (UK) exit from the European Union (EU), attention is now beginning to turn to the potential consequences of Brexit. This paper discusses the issues that insurers face and considers the interplay between insurers’ contractual obligation to continue to service policies (including paying claims) versus the practical impact that local regulation might have on their ability to do so.
IFRS Report - Important upcoming accounting changes Graeme Cross
The new IFRS 9 rules effective January 2018, and equivalent US GAAP standards (ASU 2016-13) effective in 2019, are aimed at
increasing the accuracy and transparency of how credit risk is represented on a company’s Balance Sheet and P&L. Both new
standards include requirements around the use of both historic as well as forward looking credit information in order to calculate
the provisions for credit losses (Expected Credit Losses).
Aon’s cyber capabilities can support organisations in embracing
a risk based approach. This facilitates the deployment of a
more effective cyber insurance strategy to help optimise the
total cost of risk associated with cyber exposures
Many businesses and governments have been reporting on environmental and climate data for over 15 years now, but the way they do is set to change. Following the UN’s Paris
Agreement to address climate risk by cutting greenhouse gas emissions, financial regulators are increasingly concerned about the systemic risks that climate change poses to the financial
system. After the 2008 financial crisis, regulators do not want any disorderly transitions in the market due to a misallocation of capital
The Aon Global Client Network is the backbone of Aon Risk Solutions’ international network, connecting clients and colleagues with expertise, counsel and resources available in over 120 countries in which Aon Risk Solutions is represented. Aon’s network is the largest majority owned network, unsurpassed in geographic breadth and depth of talent.
On June 27, 2017, a widespread WannaCry ransomware variant referred to by a number of names, including GoldenEye, Petya, NotPetya, and ExPetr, began impacting computer systems around the world. Similar to the recent WannaCry ransomware attack, victims are being asked to pay a ransom of $300 in bitcoin.
Aon’s continually growing directory of intellectual capital provides the latest insights into innovative ways of identifying, quantifying, and managing a wide range of current and emerging risks.
Aon’s guide to Political Risk, Terrorism & Political Violence
The Political Risk Map primarily focuses on economic and fiscal risks, specifically in emerging economies, while the Terrorism and Political Violence Map consider issues such as civil commotion and war and has a global focus.
While comparisons are possible across the two maps and certain countries will be affected by both sets of perils, these are two specific risks with accompanying sub-sets of perils that help to establish ratings for each country.
Together these maps are helping our clients to better understand the challenges facing them when operating in diverse, international geographies. We would welcome the opportunity to discuss these challenges in more detail with you and explain how Aon’s Crisis Management teams can help identify, manage and mitigate risks to help insulate your people, assets and operations wherever they are located in the world.
Environmental insurance market status Q1 2017Graeme Cross
This paper provides an update on the status of the marketplace for environmental insurance as of early 2017. It starts with a look at the environmental risks associated with a number of common industrial, commercial and institutional activities, and then considers various aspects of the marketplace, with a look at the insurance companies that sell environmental coverage, a review of who buys it and what is new in the market for this year.
Global Cyber Market Overview June 2017Graeme Cross
Highly publicized attacks on blue chip companies, announcements of alliances formed between insurers, reports of partnerships established with cyber security firms and hiring of renowned experts have all contributed to making cyber one of the hottest topics in the insurance industry. However, behind the hype of the media and the marketing battles fought by insurers and brokers to position themselves as leaders in the market, there is the reality of a genuine opportunity. In this paper, we explore how the cyber insurance market has evolved in recent year
Aon GDPR prepare and protect solution placematGraeme Cross
The EU’s General Data Protection
Regulation (GDPR) comes into effect on
the 25th of May 2018, enforcing strict
new measures for any organisation
globally handling the personal data
of EU individuals.
Organisations have steps to take to
comply with GDPR and meet the
ongoing data privacy rights of their
clients and employees.
Failure to comply may result in enforcement
action, including fines of up to €20 million
or 4% of your organisation’s annual
worldwide revenue, whichever is greater.
“The European Union data privacy landscape is about to undergo dramatic change, with lasting enterprise wide implications for the way that organisations handle, protect and use the personal data of EU individuals.
Organisations of all sizes, across all industries, and geographies that process personal data of EU residents need to take steps now to comply with the new EU General Data Protection Regulation by 2018, to satisfy management fiduciary duties
and avoid potentially costly penalties.”
We live in an era of unprecedented volatility. Trends on three major dimensions – economics, demographics, and geopolitics – combined
with the exponential pace of technology change, are converging to create a challenging new reality for organizations. These forces create opportunities that we cannot even imagine, but also present new frontiers to be explored.
2017 Construction Industry Report HighlightsGraeme Cross
We live in an era of unprecedented volatility. Trends on three major dimensions – economics, demographics, and geopolitics – combined with the exponential pace of technology change, are converging to create a challenging new reality for organizations. These forces create opportunities that we cannot even imagine, but also present new frontiers to be explored.
2017 Real Estate Industry Report HighlightsGraeme Cross
We live in an era of unprecedented volatility. Trends on three major dimensions – economics, demographics, and geopolitics – combined with the exponential pace of technology change, are converging to create a challenging new reality for organizations. These forces create opportunities that we cannot even imagine, but also present new frontiers to be explored.
Many of the early adopters of cyber risk transfer were based in the US, (owing to the extremely strict legal requirement to notify all customers affected by a data breach). However recent developments are showing that cyber risks are not just a US problem. The past 18 months Aon has seen a dramatic increase in the number of companies outside the US purchasing cyber risk transfer.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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3. Aon Risk Solutions 1
Global Supply Chain Diagnostic
Aon has developed a proprietary diagnostic tool to help risk leaders quickly assess their
organization’s global supply chain exposures across a variety of key marketplace supply
chain indicators.
In the complex and dynamic global risk environment, risk managers play an increasingly
vital role in helping their organizations understand, prioritize and manage critical exposures
affecting their operations and supply chains.
Today, along with catastrophic property risks, expanding cyber threats, terrorism, supplier
insolvency, product integrity and reputational issues, businesses relying on global supply
chains must navigate widening geopolitical challenges brought by rising nationalism.
As business leaders, planning, finance and operations executives strive to anticipate how
these developments might affect their cross-border trade relationships, effective and
forward-looking supply chain risk management is critical to sound decision-making. Aon’s
Supply Chain Diagnostic helps clients flag supply chain vulnerabilities and improve resiliency.
4. 2 Global Supply Chain Diagnostic 2017
Building on its successful Laser Diagnostics for Property and Casualty programs, Aon
developed a high-level supply chain diagnostic tool to provide clients with an objective
and standardized assessment to help drive continual improvement in their supply chain
risk management.
Why Take the Survey?
Whether your firm is fully engaged in managing
risks related to its supply chain or is only beginning
the process of evaluating these exposures, taking
the survey and reviewing the diagnostic will help
your firm strengthen its overall supply chain risk
management.
The diagnostic gives you a fast, easy and cost-
effective assessment on how effectively your firm
is dealing with a wide range of potential supply
chain exposures.
The assessment is based on a brief survey covering
more than a dozen different elements of supply
chain risk. Many of the exposures apply to all types
of businesses, but some may have acute effects on
companies in specific industries or with trading
partners in certain areas of the world.
Examining Supplier and Enterprise Risks
The diagnostic encompasses a wide range of
exposures that relate specifically to suppliers as
well as enterprise risks that could represent
specific supply chain vulnerabilities.
Among the supplier risks are disruptions in supplies
of raw materials or components resulting from a
wide range of causes, as well as natural disaster risks,
supplier insolvency, product integrity and unethical
supplier practices.
The enterprise risks assessed in the diagnostic include
geopolitical events, legal and regulatory issues,
intellectual property theft, cyber-related exposures,
pandemic and customer financial issues.
While not intended as an exhaustive review, Aon’s
Supply Chain Diagnostic provides an objective
assessment to help identify specific areas of relative
strength in risk management and inform the client on
aspects of their supply chain risk program that might
be targeted for improvement.
Further, the diagnostic may be especially useful for
businesses operating in a dynamic environment
where changes to supply chains may be needed
or contemplated. In these situations, assessments
of potential exposures and related management or
mitigation measures often must be conducted quickly
and efficiently.
Given the pressures for risk managers to provide
informed and timely perspectives on a spectrum of
risks to facilitate informed strategic decision-making,
the supply chain diagnostic review underpins Aon’s
commitment to help clients optimize total cost of risk
(TCOR) in meeting their critical business objectives
for growth and performance.
Continual Improvement in Supply
Chain Risk Management
5. Aon Risk Solutions 3
Pinpointing Risk Management Strengths and
Deficiencies
The Aon Supply Chain Diagnostic report includes a Best Practices Dashboard that identifies key
components of the major categories evaluated.
Diagnostic findings are conveyed in a “stoplight” approach. The green, yellow, and red color indicators
provide a quick-reference visual key to delineate areas where a specific issue or exposure may or may
not warrant further scrutiny:
The results provide a framework for clients to benchmark improvements and changes in elements
of their supply chain risk management over time against their own historical performance, as well as
with Aon’s proprietary peer data and generally accepted insurance industry information.
To add context to the findings, the Aon Supply Chain team together with an Aon Industry Practice
specialist and your Aon account representative will bring their individual perspectives on current
situational marketplace realities that might be especially relevant to a client’s operations and supply
chain risk profile.
Indicates maturity in the firm’s assessment
Indicates a potential deficiency in a firm’s measures
to manage a specific exposure
Indicates a potential vulnerability to loss
Lacking information to respond
A framework for clients to benchmark improvements and
changes in elements of their supply chain risk management
over time against their own historical performance.
6. 4 Global Supply Chain Diagnostic 2017
Leveraging Aon’s Global Supply Chain and
Industry Expertise
The initial assessment of a client’s supply chain resiliency and risk management
is provided through the integration of informed supply chain risk management
strategies derived from industry-specific best practices, as well as the expertise
of Aon’s Supply Chain team.
The results from the diagnostic provide a framework for clients to benchmark
improvements and changes in elements of their supply chain risk management
over time against their own historical performance, as well as with Aon’s
proprietary peer data and generally accepted insurance industry information.
A Full Range of Resources for Managing
Supply Chain Risk
Aon’s Supply Chain Risk Diagnostic is the latest innovation in a full range of tools
and resources we provide to help clients in all parts of the world assess and manage
global supply chain risk.
Leveraging Aon’s global capabilities, our approach to supply chain risk combines
risk transfer strategies with supply chain risk consulting and evaluation expertise
to identify and address gaps and exposures in your supply chain program.
Through our iterative supply chain gap analysis approach, clients can better
identify, prepare for and mitigate risks.
We also recognize that along with effective planning and preparation, a timely
response to any supply chain outage is critical to our clients’ success. When and
wherever needed, Aon’s global claims services can help clients respond rapidly to
supply chain disruptions and obtain timely insurance recoveries to help minimize
operational impacts and mitigate related financial consequences.
A timely response
to any supply chain
outage is critical to our
client’s success.