Risk Transfer A Complete Guide - 2020 Edition. Gerardus Blokdyk

Score

      35. What Risk transfer data will be collected?

      <--- Score

      36. How will data security be managed?

      <--- Score

      37. Were there any improvement opportunities identified from the process analysis?

      <--- Score

      38. Did any value-added analysis or ‘lean thinking’ take place to identify some of the gaps shown on the ‘as is’ process map?

      <--- Score

      39. Why does the new data contradict the old data?

      <--- Score

      40. Who will facilitate the team and process?

      <--- Score

      41. What types of opportunities and what level of risk require a formal response strategy?

      <--- Score

      42. What were the crucial ‘moments of truth’ on the process map?

      <--- Score

      43. What conclusions were drawn from the team’s data collection and analysis? How did the team reach these conclusions?

      <--- Score

      44. Is the gap/opportunity displayed and communicated in financial terms?

      <--- Score

      45. Is there a solution that can address the main concerns of all key stakeholders in the process?

      <--- Score

      46. What does the data say about the performance of the stakeholder process?

      <--- Score

      47. Why do other organizations choose fronting as an integral part of overall risk management process?

      <--- Score

      48. How will corresponding data be collected?

      <--- Score

      49. Which opportunities and what level of risk exposure require immediate action?

      <--- Score

      50. Can the data be encrypted in transit and/or at rest?

      <--- Score

      51. What were the financial benefits resulting from any ‘ground fruit or low-hanging fruit’ (quick fixes)?

      <--- Score

      52. What opportunities does Brexit provide captives?

      <--- Score

      53. Is the data subject to regulation?

      <--- Score

      54. Have any additional benefits been identified that will result from closing all or most of the gaps?

      <--- Score

      55. How is data used for program management and improvement?

      <--- Score

      56. Is there any way to speed up the process?

      <--- Score

      57. How will data be formatted for storage and accessibility?

      <--- Score

      58. Is data and process analysis, root cause analysis and quantifying the gap/opportunity in place?

      <--- Score

      59. What tools were used to narrow the list of possible causes?

      <--- Score

      60. Where do you see the greatest opportunities for captive development going forward?

      <--- Score

      61. Have the problem and goal statements been updated to reflect the additional knowledge gained from the analyze phase?

      <--- Score

      Add up total points for this section: _____ = Total points for this section

      Divided by: ______ (number of statements answered) = ______ Average score for this section

      Transfer your score to the Risk transfer Index at the beginning of the Self-Assessment.

      CRITERION #5: IMPROVE:

      INTENT: Develop a practical solution. Innovate, establish and test the solution and to measure the results.

      In my belief, the answer to this question is clearly defined:

      5 Strongly Agree

      4 Agree

      3 Neutral

      2 Disagree

      1 Strongly Disagree

      1. What factors enable the poor to build resilience to climate risks?

      <--- Score

      2. What is your organization of your risks?

      <--- Score

      3. Are the risks fully understood, reasonable and manageable?

      <--- Score

      4. What are the implications for the risk management professional?

      <--- Score

      5. Is the implementation plan designed?

      <--- Score

      6. What tools were used to tap into the creativity and encourage ‘outside the box’ thinking?

      <--- Score

      7. Where does systemic risk originate in the financial system?

      <--- Score

      8. What are the key determinants of export credit risk insurability by the private market?

      <--- Score

      9. Can advanced controls enable performance and safety improvements beyond simply enabling a new vehicle concept?

      <--- Score

      10. How many hours of risk control services are you using annually?

      <--- Score

      11. Are procedures documented for managing Risk transfer risks?

      <--- Score

      12. How will the team or the process owner(s) monitor the implementation plan to see that it is working as intended?

      <--- Score

      13. Who influences making risk decisions?

      <--- Score

      14. How are employees trained and made aware of role in managing cyber security risks?

      <--- Score

      15. What levels of risk can/should your organization support financially?

      <--- Score

      16. What is the implementation plan?

      <--- Score

      17. What are the things that you look for when evaluating different insurance carriers?

      <--- Score

      18. What do you do to improve the insurability of cyber risk?

      <--- Score

      19. What are competitors doing with cloud solutions?

      <--- Score

      20. What does the past experience with insurance-linked capital market instruments imply for terrorism risk?

      <--- Score