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Research and Briefings

Explained: Risk and Managing Risk Guide


The concept of risk management has been of increasing relevance and importance in recent years. Organisations must decide on the amount and type of risk that they are prepared to accept in order to meet their objectives.

Societal trends, disruptive technologies, and economic volatility have all underlined a need for effective risk management. It is no longer a business or operational responsibility, but a critical issue that organisational boards must have oversight on.

The Explained Risk and Managing Risk Guide, produced by Marsh and AIRMIC, encapsulates the best practices to be adopted within organisations of all sizes when designing, implementing, or reviewing a risk management framework to ensure it protects and delivers value. This is an updated guide and the timing of the update reflects revisions to the risk management standards of ISO 31000 and COSO enterprise risk management.

The guide covers:

  • The key principals required to design and operate a risk management programme.
  • How risk governance aligns within corporate governance frameworks.
  • How to successfully communicate, report, and monitor a risk management programme.
  • Developing risk issues and how to continuously improve a risk management framework to meet changing organisational objectives.

To read more, download the guide.