Evaluating Your Risk Maturity
Corporations are facing an ever-evolving risk landscape and as these challenges grow, risk management programs will need to evolve to properly mitigate these risks. In 2017 MAPI embarked on a collaboration with Aon, a leading professional services firm that helps manufacturers identify and mitigate risk and volatility. The Aon Risk Maturity Index (RMI) was developed with The Wharton School at the University of Pennsylvania and analyzes the ten key characteristics of risk maturity as well as the elements that impact those characteristics. Aon has used the RMI to assess the maturity of nearly 2,000 participants/organizations and has found that increased risk maturity reveals a positive relationship to improved financial performance. This webinar takes a deeper view of the MAPI cohort’s performance and findings, as they relate to the key tenets of risk maturity.
Jenna Cavanaugh is a Senior Consultant with Aon’s Risk Advisory Services. She partners with clients on various risk governance projects, including risk assessments, framework reviews, deep dives, and advisory services. Her areas of expertise include analysis of data regarding risk management best practices and strategy formation.
Jenna also leads the Aon Risk Maturity Index for the U.S. through project management, operational support, and research. In partnership with the Wharton School of Business, she has linked good risk management practices to value by evidencing the relationship between risk maturity and financial performance across a variety of scenarios.
She holds a B.A. from Michigan State University in economics.
Mike Stankard has responsibility for leading the Industrial & Materials and Automotive Industry Practice Group involving over 100 Risk Management professionals focusing on the development of insurance and risk related financial solutions for the manufacturing sector.
Mike has applied his technical background in risk consulting, risk financing program design, mergers and acquisitions, and enterprise risk applications to global clients in the manufacturing sector throughout his 30+ year career.
He holds degrees in insurance and accounting from Arizona State University, an MBA in risk management from the University of Georgia and the CPCU and ARM professional designations. Mike is also a four-time Risk & Insurance Power Broker award winner.