Webinar organised in partnership with Optro
Risk management is at an inflection point.
Traditional ERM frameworks were designed for relatively stable environments, yet today’s organisations face deep uncertainty characterised by systemic disruption, nonlinear risk, and rapid external change. In this webinar, participants will explore why conventional, static risk management practices increasingly fall short and what must change for risk management to remain relevant and add value.
The session challenges the prevailing “risk register” mindset and reframes enterprise risk management as a strategic decision-support discipline. Drawing on research, practical examples, and lessons from loss events, the webinar examines how risk functions can move from deterministic forecasting to uncertainty-aware, forward-looking analysis.
Participants will gain insight into dynamic risk management, scenario thinking, stochastic approaches, and the evolving role of risk professionals in supporting strategy formation, resilience, and long-term value creation.
Learning objectives:
- Examine why traditional ERM approaches struggle in environments of deep uncertainty and systemic change.
- Assess how risk management must evolve from static reporting to strategic, decision-relevant insight.
- Identify practical shifts toward uncertainty-aware thinking, including scenarios, ranges, and probabilistic analysis.
- Describe how modern risk functions build resilience, adaptability, and value in an unpredictable world.
Speaker
Martin W. Stevens
Audit Director, Gjensidige Forsikring ASA
Martin Stevens FCA, CIA, is a senior leader in internal audit and governance with a career dedicated to strengthening risk management practices across the financial and insurance sectors. As Audit Director at Gjensidige, Norway’s largest general insurance company, Martin brings more than 40 years of experience, split equally between internal audit and finance/risk roles. He is a frequent speaker on modern ERM, governance, and the value-creating role of risk and internal audit. His deep understanding of both first- and second-line functions gives him a unique perspective on how organisations can integrate risk and assurance to create real value.
Martin has been a driving force in the professional risk management community. During his four-year tenure as Chairman of IIA Norway, he established the Risk Management Network, fostering collaboration and knowledge sharing among risk practitioners. He has co-authored several influential IIA Norway publications, including “ERM – guidelines for the risk function” and “Board Guidelines on Risk Management”. These works have become key references for boards, executives, and risk practitioners seeking to strengthen governance and risk oversight.
A passionate advocate for elevating the role of risk and audit beyond compliance, Martin regularly delivers training courses and speaks at conferences on risk management and governance. His philosophy is clear: both risk management and internal audit should move beyond “going through the motions” and instead focus on the tangible value they bring to organisational resilience and strategic decision-making.
CPE credit(s): 1 CPE upon live viewing and participation. CPEs not offered on-demand.
Field of study: Management Services
Instructional delivery method: Group Internet Based
Level: Intermediate
Prerequisite: Foundational knowledge of conventional Enterprise Risk Management (ERM) practices.
Advanced preparation: None