Category Archives: Strategy@Risk – Geary Sikich

#457 – 10 QUESTIONS TO ASK BEFORE YOU HIRE A RISK MANAGER – ALEX SIDORENKO

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I’ve done a fair share of hiring risk managers for myself and sometimes when friends CROs ask me to interview some candidates for them. I strongly believe these are the qualities a good risk manager should have. I am also one of the rare people who think accountants and lawyers do not turn into good risk managers, 99% of the time. Here are the questions I like to ask. Let me know how many would you feel comfortable answering right now and what other questions would you ask in the comments. Continue reading →

#443 – WHAT’S UP WITH BOEING? – DANIEL DWAGI PH.D.

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Daniel Dwagi Kadjelcum

In the wake of the in-flight blowout of the side of a Boeing 737 Max 9, federal regulators have grounded planes and are stepping up scrutiny of Boeing’s manufacturing process.

The Jan. 5, 2024, explosive decompression after takeoff was related to a component called a “door plug” being ejected from the fuselage of the aircraft. This was after three prior flights of that plane had registered warning signals about cabin pressurization. The National Transportation Safety Board is investigating that incident. Continue reading →

#389 – WHEN SHOULD A COMPANY SELF – DISRUPT

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So, when should a company self-disrupt? Or, more importantly when should you self-disrupt.

Companies face these disruptor questions:

1. What are possible triggers to start (your) self-disruption?
2. When should they (you) self-disrupt?
3. How quickly should they (you) self-disrupt?
4. How should they (you) self-disrupt?
5. What’s their (your) final destination?
6. How are they (you) going to monetize (make money)? Continue reading →

#384 – FIVE RED FLAGS WHEN SELECTING A RISK BROKER – ALEX SIDORENKO

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Couple of years ago I was given the responsibility for corporate, non-life insurance across a $10B group of companies. I welcomed the opportunity to combine risk-based quantitative decision making with insurance. Did it work? You be the judge, a year later the company improved the quality of coverage while reducing the cost of insurance by approximately 40%, which translated to $13M+ savings. How did we do it? Let’s find out together in a series of articles… Continue reading →