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Looking Back To Move Forward – The Risk Analysis Legacy of The TITANIC

Looking Back To Move Forward – The Risk Analysis Legacy of The TITANIC: Riskope thanks Evelyn Ramsey for this interesting post. This post is less a history of the disaster of the Titanic and more an insight into the incident’s legacy. Indeed the incident left to future risk analysis professionals a number of unsolved questions. We used public sources for all data and information and we identify this where relevant. Looking Back To Move Forward – The Risk Analysis Legacy…

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L’Aquila earthquake verdict explained from Risk Crisis Management point of view

Data for this “L’Aquila earthquake verdict explained from Risk Crisis Management point of view” summary have been gathered through media and publicly available records. Details we consider “irrelevant”  for this discussion on L’Aquila earthquake verdict explained from Risk Crisis Management point of view have been omitted because of space limitations. We will start this post by summarizing the tragic tale of L’Aquila, a city featuring many historic public buildings and centuries old residential structures located in Italy, a country where retrofitting of…

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Riskope 5 day course on Risk and Crisis Management for top managers and key personnel.

Riskope 5 day course on Risk and Crisis Management for top managers and key personnel. The Answer to specific requests. Riskope were indeed recently asked to provide a comprehensive five day course addressing Risk and Crisis Management, Risk Based Decision Making, Project Evaluation for top managers and key personnel at Investment Banks, Oil & Gas, Energy and Transportation. Riskope 5 day course on Risk and Crisis Management for top managers and key personnel. Although companies willing to commit the resources…

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Insurance Denial not Only for Mining, but also for Residential and Private Parties?

At Riskope we have been writing and discussing insurance denial issues hitting miners around the world since 2009. Now there is evidence that the problem of Insurance Denial not Only for Mining and is extending to flood insurance (and most certainly to other natural hazard-linked events in the future). From a societal risk management point of view the problem is quite intriguing Seen from a societal risk management point of view the problem is quite intriguing: 1) Governments (at all…

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Cree valor en su empresa minera por medio de una integración estratégica de conocimiento y escenarios de riesgos con Estimaciones óptimas de riesgo (ORE)®

La gestión de riesgos mineros solía ser una cuestión de “conformidad” o de “minimización de pérdidas”, algo en lo que se pensaba después, no una herramienta para crear valor en la mineria. Las mineras interpretaban los resultados de las Evaluaciones de Riesgos con Gráficos de Impacto Probabilístico (pérdidas) confusos (conocidos como PIG), que a menudo eran engañosos y que en realidad no promovían ni incrementaban una comprensión holística del ambiente de negocios y de los tanques de relaves/colas. Cree valor…

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Talking with People about Risks

While Talking with People about Risks it is not uncommon that people ask me what I do for a job. Once I tell them I am a Risk Management Consultant they ask: “do you work on financial risks?”. I generally reply that if they mean risks linked to banks I do not. However I quickly point out thar at the end of the day all risks are financial! If a lightning takes down the electric substation and your factory is…

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Financial Impacts and Risks Due to Sick-Leaves at a Swiss Luxury Watchmaker Factory.

The CFO of a client of ours, a Swiss Luxury Watches company, called the other day in a panic. He told us: “I have heard from a guy who works in the World Health Organization in Geneva which deals with Health around the World that this year is going to be the year of a severe flu pandemic. I need help in evaluating potential financial impacts due to sick-leaves”. It was not to us to discuss whether the scenario of…

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Missing the “big picture consequences”

The Italian Ministry of Health received a study from the National Institute of Health.  The study is entitled “Sentieri”. It shows that in the city of Taranto, Italy, there was a 10% mortality increase in the period 2003-2008 with respect to the general Italian average rate. Taranto is heavily contaminated, in particular by a large foundry. The trend reportedly confirms previous analyses, covering the period of 1995-2002. Those revealed mortality profile of the resident populations in sites belonging to the national list of…

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