Comment

FMEA: AIAG-VDA standard

Probability of detection must get out of heads

Up to now, we have always used the D-assessment in the process FMEA to evaluate the ability of one or more detection actions to detect a cause or its effects in time. From our (German) point of…

Martin Werdich [FMEAplus Akademy]
Comment

Failure mode and effects analysis

The FMEA in medical technology industry

Safety of medical devices and risk management are two of the central demands of the legal requirements for manufacturers of medical devices in Europe. In the new EU Medical Devices Regulation…

Bernhard Lindner
Study

Covid, Cyber, Compliance and ESG 

Top risk concerns for financial services sector

Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a…

Editorial team RiskNET
Science

Financial stability in the Corona crisis

Actual solvency of banks concealed   

Easing the burden on banks in the Corona crisis so that the economy remains liquid is the declared goal that the European Central Bank (ECB), as the central supervisor in the Single Supervisory…

Editorial team RiskNET
Study

Risk map 2021

Covid-19 trio tops global business risks

A trio of Covid-19 related risks heads up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic.…

Editorial team RiskNET
Comment

Failure Mode and Effects Analysis

FMEA for planning police operations?

In front of the hip hop stage of the open air festival „Rheinkultur“ the atmosphere was aggressive. Various incidents, especially physical clashes between rival youths, had already occurred. When…

Stefan Kahl

Caught in the risk perception trap

Worst-case scenarios are sold as apocalyptic truths

This article is about the fact that the assessment of potential scenarios is increasingly based on a dubious approach to uncertainty as well as an uncritical approach to information. Quite a few…

Frank Romeike [RiskNET]
Comment

Failure mode and effects analysis

The P-Diagram, a supporting tool, or the complete confusion?

The P-Diagram is frequently used when asking questions about supporting tools during the use of quality tools. In addition to the confusion about the abbreviation "P", it is often named the…

Ralf Kleideiter [FMEAplus Academy]
Comment

IDW PS 340: Audit of the early risk detection…

From a quantitative change of course to a view of opportunities

"If the ship is on the wrong course, it is not enough to change the captain – you have to change the course." The scenario described by the Czech writer Pavel Kosorin is a reflection for many…

Editorial team RiskNET
News

FIRM yearbook 2020

From machine learning to risk culture

The digital revolution is advancing. Technological developments are rapid and are changing the way we get information and communicate. In the age of digitalisation, it's only right that the ninth…

RiskNET [Editor-in-chief]
News

Value-added risk mitigation

Digitalisation is transforming insurance

Digital transformation empowers consumers to be more informed and independent than ever before, and equips insurers with the tools to cater to customers' current and future needs. This leads to…

RiskNET [Editor-in-chief]
Photo Gallery

Machine learning and risk analytics

Predicting risks more effectively

Artificial intelligence (AI) and increasingly complex algorithms currently influence our livesand our civilization more than ever. AI creates huge opportunities for businesses globally across all…

RiskNET [Editor-in-chief]
Photo Gallery

Emerging risks

Better risk navigation through early risk identification

What direction is mobility developing in? What cyber risks are lying in wait for companies? Are radical trends contributing to increasing division in society? What risks are caused by increasing…

RiskNET [Editor-in-chief]

Artificial intelligence

How to Train an AI to Predict Risk

When it comes to predictions, artificial intelligence techniques are much more powerful than simple statistical approaches such as extrapolating simple trends. However, these methods initially only…

News

Central banking and financial stability in the age…

The green swan

Climate change poses new challenges to central banks, regulators and supervisors. A new book, published by the BIS (Bank for International Settlements), reviews ways of addressing these new risks…

RiskNET [Editor-in-chief]
Study

Climate-related risks overshadow all other risks

Risks landscape 2020 is green

This year's risks landscape is green. The urgency of climate change dominates everything: all five of the top risks by likelihood and three by impact are climate related. The backdrop of…

RiskNET [Editor-in-chief]
Study

Evolution of the biodiversity loss risk

Nature Risks on the Rise

Although the world's 7.6 billion people represent only 0.01% of all living things by weight, humanity has already caused the loss of 83% of all wild mammals and half of all plants. The current…

RiskNET [Editor-in-chief]
Advertorial

Identify Risks, Avoid Loss, Develop Resilience

Prevention Rather Than Crisis Management

We live in uncertain times: Uncertainty is the new certainty! Many experts even consider this to be the dawning of a new era. Whether they view it as a cause for concern or a turning point, this…

FM Global
Advertorial

Active loss prevention - an advantage

An underestimated danger: machinery and equipment damage

Machines are the core of any production environment. If they come to a standstill, this can have wide-reaching effects on the company in question, from expensive and time-consuming repairs, to…

FM Global
Study

Global Cyber Risk Perception Survey

Challenges for Managing Cybersecurity Risk

Technology is dramatically transforming the global business environment, with continual advances in areas ranging from artificial intelligence to the Internet of Things (IoT), to data…

RiskNET [Editor-in-chief]

Probabilistic models give us knowledge

The Demystification of Quantification

Both the past and the present are full of examples of risk blindness, risk ignorance and downright stupidity. "The Reactor Safety Study" (WASH-1400) from the year 1975 delivers a prime example of the…

Frank Romeike [RiskNET]
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