Apart from a shift to developed world-driven political risks - chronic unpredictability has become the norm in areas ranging from climate change to cyber risk to terrorism. Those firms that will successfully manage risk today are not caught off guard when a risk is barreling toward them; they are anticipating that risk and have devoted the resources necessary to tackle it, head on. Not so long ago, risk management was more or less a function of addressing known unknowns. In an era of chronic unpredictability, the only constant is change, and it is occurring on an epic scale. *Daniel Wagner is Managing Director of Risk Cooperative and co-author of the new book "Global Risk Agility and Decision Making.

Source: Huffington Post September 23, 2016 21:22 UTC