Risk Solutions International LLC: What Drives Operational Risk Today

Regulatory compliance, board-level fiduciary duty, insurance due diligence and the safety and security of employees, customer and partners has become urgent issues at the “C suite” and board levels. Better risk assessment, preparation and mitigation strategies have become a prerequisite for government funding, healthy media relations and good corporate citizenship.

Demand by partners for preparedness and business continuity planning as a prerequisite to doing business
Compliance with demanding legislation and regulations
Rigorous insurance due diligence as a condition for coverage
Geographic concentration of assets and intellectual capital
More frequent attempts to compromise electronic assets
Complex supply chain and vendor dependencies
Concentration of sourcing in volatile political environments
Homeland security initiatives
Single and sole source manufacturing risks
Federal grants for emergency preparedness and crisis management
Heightened focus on continuity of government and commercial operations
Public demand for workplaces and schools free from harassment and violence
Shifts in weather patterns producing violently destructive storms
Political and social instability
Customer expectations of good corporate citizenship