I must start out by offering my condolences to those who have lost love ones or have a friend or family suffering. It may be that you have seen a deluge of commentary on what we could have done better and what we should be do doing now. I want to focus on the what all those affected by the crisis would want, that is to use the experience to build better businesses and society. The second of the blogs focuses on business.
Business has always known that change is not only inevitable but essential to prosper over the medium and long term. It is well accepted that change that is driven by catastrophe happens quickly. The famous ‘burning platform’ focuses the mind! COVID-19 has been that catalyst for change. It has also exposed businesses who have not rationally assessed catastrophic risk very publicly akin to that saying the ‘Emperor has no clothes on’. Whether cyber-attack,fraud, pandemic or another risk that threatens a business’ very survival they cannot be ignored any longer.
KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London, with offices in several of the world’s major financial centers.
