Future of risk

Enterprises are facing an array of reputational, environmental, regulatory, and societal forces. To navigate this complex landscape, the C-suite should seek to embrace risk as an enabler of value and fundamentally transform their approach.

KPMG’s global survey of 400 executives reveals that their top priorities for the next few years are adapting to new risk types and adopting advanced analytics and AI. As organizations align risk management with strategic objectives, closer collaboration across the enterprise will be essential.

To foster a risk-aware culture, conduct a workshop with key stakeholders to discuss key threats, setting a vision, objectives and guiding principles to align the executive team for the transformation.

The risk strategy — which should align directly with the organization's strategic goals — outlines key risk areas and integrates risk management into business processes.

To foster a risk-aware culture, conduct a workshop with key stakeholders to discuss key threats, setting a vision, objectives and guiding principles to align the executive team for the transformation.

A risk management mentorship program can stimulate interest in training and explain how risk impacts people in their daily jobs.

The aim is to enhance the accuracy, timeliness and completeness of risk management data by assessing and improving data governance, collection, storage and analysis.

For a deep dive on the above insights and more, please read the full global report.