Risk Transfer A Complete Guide - 2020 Edition. Gerardus Blokdyk
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35. What Risk transfer data will be collected?
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36. How will data security be managed?
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37. Were there any improvement opportunities identified from the process analysis?
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38. Did any value-added analysis or ‘lean thinking’ take place to identify some of the gaps shown on the ‘as is’ process map?
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39. Why does the new data contradict the old data?
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40. Who will facilitate the team and process?
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41. What types of opportunities and what level of risk require a formal response strategy?
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42. What were the crucial ‘moments of truth’ on the process map?
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43. What conclusions were drawn from the team’s data collection and analysis? How did the team reach these conclusions?
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44. Is the gap/opportunity displayed and communicated in financial terms?
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45. Is there a solution that can address the main concerns of all key stakeholders in the process?
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46. What does the data say about the performance of the stakeholder process?
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47. Why do other organizations choose fronting as an integral part of overall risk management process?
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48. How will corresponding data be collected?
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49. Which opportunities and what level of risk exposure require immediate action?
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50. Can the data be encrypted in transit and/or at rest?
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51. What were the financial benefits resulting from any ‘ground fruit or low-hanging fruit’ (quick fixes)?
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52. What opportunities does Brexit provide captives?
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53. Is the data subject to regulation?
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54. Have any additional benefits been identified that will result from closing all or most of the gaps?
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55. How is data used for program management and improvement?
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56. Is there any way to speed up the process?
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57. How will data be formatted for storage and accessibility?
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58. Is data and process analysis, root cause analysis and quantifying the gap/opportunity in place?
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59. What tools were used to narrow the list of possible causes?
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60. Where do you see the greatest opportunities for captive development going forward?
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61. Have the problem and goal statements been updated to reflect the additional knowledge gained from the analyze phase?
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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?
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2. What is your organization of your risks?
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3. Are the risks fully understood, reasonable and manageable?
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4. What are the implications for the risk management professional?
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5. Is the implementation plan designed?
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6. What tools were used to tap into the creativity and encourage ‘outside the box’ thinking?
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7. Where does systemic risk originate in the financial system?
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8. What are the key determinants of export credit risk insurability by the private market?
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9. Can advanced controls enable performance and safety improvements beyond simply enabling a new vehicle concept?
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10. How many hours of risk control services are you using annually?
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11. Are procedures documented for managing Risk transfer risks?
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12. How will the team or the process owner(s) monitor the implementation plan to see that it is working as intended?
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13. Who influences making risk decisions?
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14. How are employees trained and made aware of role in managing cyber security risks?
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15. What levels of risk can/should your organization support financially?
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16. What is the implementation plan?
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17. What are the things that you look for when evaluating different insurance carriers?
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18. What do you do to improve the insurability of cyber risk?
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19. What are competitors doing with cloud solutions?
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20. What does the past experience with insurance-linked capital market instruments imply for terrorism risk?
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