Reimagining Risk
Management
hŶůŝŬĞƚŚŽƐĞŽŶĞŝƚŚĞƌƐŝĚĞŽĨƚŚĞŵĞĂƚďƵƐŝŶĞƐƐ͕ƌĞŶĚĞƌĞƌƐĐĂŶ͛ƚĚŝƌĞĐƚůLJŚĞĚŐĞŝŶƉƌŝĐĞ
ƉƌŽƚĞĐƟŽŶďĞĐĂƵƐĞĨƵƚƵƌĞƐĐŽŶƚƌĂĐƚƐĨŽƌƚŚĞŝƌƉƌŽĚƵĐƚƐĚŽŶ͛ƚĞdžŝƐƚ͘ƐƚĂƌƚƵƉĐŽŵƉĂŶLJ͕
and new NARA member, named Stable has developed a novel approach to risk
ŵĂŶĂŐĞŵĞŶƚƚŚĂƚďƵLJĞƌƐĂŶĚƐĞůůĞƌƐŽĨƌĞŶĚĞƌĞĚƉƌŽĚƵĐƚƐŵŝŐŚƚǁĂŶƚƚŽĞdžƉůŽƌĞ͘
By Sharla Ishmael
Risk is inherent to all businesses, but not all have the
ƐĂŵĞƚŽŽůƐƚŽŵŝƟŐĂƚĞĞdžƉŽƐƵƌĞƚŽŵĂƌŬĞƚǀŽůĂƟůŝƚLJ
ʹ ĞƐƉĞĐŝĂůůLJ ŝŶ ƚŚĞ ĐŽŵŵŽĚŝƚLJ ǁŽƌůĚ͘ ĐĐŽƌĚŝŶŐ
ƚŽ ^ƚĂďůĞ͕ ĂŶ ƵƉͲĂŶĚͲĐŽŵŝŶŐ ĮŶƚĞĐŚ ;ĮŶĂŶĐĞ ĂŶĚ
ƚĞĐŚŶŽůŽŐLJͿ͕ϵϬйŽĨƚŚĞǁŽƌůĚ͛ƐĐŽŵŵŽĚŝƟĞƐĐĂŶ͛ƚďĞŚĞĚŐĞĚ
ŽŶ Ă ĨƵƚƵƌĞƐ ŵĂƌŬĞƚ ƚŽĚĂLJ͘ ŽŵŵŽĚŝƟĞƐ ůŝŬĞ ďŽŶĞ ŵĞĂů͕
choice white grease or blood meal are not to be found in
ĐŽŶƚƌĂĐƚƐŽŶƚŚĞŚŝĐĂŐŽDĞƌĐĂŶƟůĞdžĐŚĂŶŐĞ͘
:ŝŵ ^ƵůůŝǀĂŶ͕ ^ƚĂďůĞ͛Ɛ ǀŝĐĞ ƉƌĞƐŝĚĞŶƚ ŽĨ ƉĂƌƚŶĞƌƐŚŝƉƐ͕
ĞdžƉůĂŝŶƐǁŚLJ͘͞tŚĂƚƚŚĞĨƵƚƵƌĞƐĞdžĐŚĂŶŐĞŶĞĞĚƐŝƐĂƚǁŽͲ
ƐŝĚĞĚŵĂƌŬĞƚ͘dŚĞLJŶĞĞĚƚŽŚĂǀĞďƵLJĞƌƐĂŶĚƐĞůůĞƌƐƚŚĞƌĞĂƚ
ĂůůƟŵĞƐʹƚLJƉŝĐĂůůLJĂǀĞƌLJůĂƌŐĞĂŶĚĂĐƟǀĞĐĂƐŚŵĂƌŬĞƚĨŽƌĂ
ŚŝŐŚůLJŚŽŵŽŐĞŶŽƵƐĐŽŵŵŽĚŝƚLJůŝŬĞĐŽƌŶ͘&ŽƌŝŶƐƚĂŶĐĞ͕EŽ͘Ϯ
LJĞůůŽǁĐŽƌŶŝƐƚŚĞƐĂŵĞƚŚŝŶŐŝŶdĞdžĂƐĂƐŝƚŝƐŝŶEŽƌƚŚĂŬŽƚĂ
ĂŶĚƚŚĞƌĞ͛ƐĂƚŽŶŽĨŝƚ͘͟
One thing is certain, even the most
prescient of crystal balls would not
foresee less risk coming for any
business anytime soon.
^ƵůůŝǀĂŶǁŽƌŬĞĚĨŽƌƚŚĞDĂƐĚŝƌĞĐƚŽƌŽĨƌĞƐĞĂƌĐŚĂŶĚ
ĚĞǀĞůŽƉŵĞŶƚĨŽƌϭϭLJĞĂƌƐ͕ƐŽŚĞŬŶŽǁƐĐŽŵŵŽĚŝƚLJƚƌĂĚŝŶŐ
inside and out.
͞/ĨƐŽŵĞŽŶĞǁĂŶƚƐƚŽŵĂŶĂŐĞƌŝƐŬĨŽƌĂĐŽŵŵŽĚŝƚLJƚŚĂƚ
ŝƐŶ͛ƚ ƚƌĂĚĞĚ ŝŶ ƚŚĞ ĨƵƚƵƌĞƐ ŵĂƌŬĞƚ͕ ƚŚĞLJ ŚĂǀĞŶ͛ƚ ŚĂĚ ŵĂŶLJ
ŽƉƟŽŶƐ ďĞĐĂƵƐĞ ŽĨ ƚŚĞ ǁĂLJ ƚŚĞ ĞdžĐŚĂŶŐĞ ƐƚƌƵĐƚƵƌĞƐ ƚŚĞ
ŵĂƌŬĞƚƐ͕͟ŚĞĂĚĚƐ͘͞dŚĞƌĞ͛ƐŶŽƚĂƐƚƌŽŶŐĞŶŽƵŐŚďƵƐŝŶĞƐƐĐĂƐĞ
ĨŽƌƚŚĞĞdžĐŚĂŶŐĞƚŽůĂƵŶĐŚ;ĐŽŶƚƌĂĐƚƐĨŽƌĐĞƌƚĂŝŶĐŽŵŵŽĚŝƟĞƐͿ
10 June 2022 ZĞŶĚĞƌ www.rendermagazine.com
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