RIMS EXECUTIVE REPORT: Understanding Interconnected Risks

New York (November 13, 2024) - Ignoring risks interactions and interconnectedness may be a company's greatest risk, according to RIMS new Executive Report titled, "Understanding Interconnected Risks."

Authored by RIMS Strategic and Enterprise Risk Management Council members Michael Zuraw and Tom Easthope, the report explores the importance of developing a holistic view of the interconnected risks facing the organization. The report provides risk professionals with strategies to analyze and assess these risks, including leveraging surveys, modelling, as well as tips to visually present risk relationships to senior leadership to drive a better understanding of the organization's complex risk environment.

"Impacts from interconnections are becoming larger, faster, and more frequent as globalization and economic development evolve, the pace of change continues to accelerate and life becomes more digitized," the report states. "While the importance of interconnected risks may resonate with risk managers, the next challenge lies in how to address them."

The "Understanding Interconnected Risks" executive report is exclusively available to RIMS members only for the next 60 days. To download the report, visit RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For information about RIMS wide selection of risk management publications, learning experiences and events, visit www.RIMS.org.

About RIMS
RIMS, the risk management society®️, empowers risk professionals to make the world safer, more secure, and more sustainable. Through networking, professional development, certification, advocacy, and research, RIMS and its 80 chapters serves more than 200,000 risk practitioners and business leaders from over 75 countries. Founded in 1950, the Society publishes the award-winning Risk Management Magazine and produces RISKWORLD®️, the largest annual gathering of global risk professionals. RIMS embraces diversity, equity and inclusion and welcomes all risk professionals to connect and learn, explore the online Risk Knowledge library, tune into the RIMScast podcast series, and engage via social media. To learn more, visit https://www.RIMS.org.

# # #