Editor introduction

Steve Lindo

Editor, PRMIA

Dr. David Veen

Editor, PRMIA

Nagaraja Kumar Deevi

Editor, PRMIA

The February 2021 issue of Intelligent Risk is quite challenging and unique, compared to the first issue of 2020 publication. Starting from February 2020, communities across the globe, including PRMIA professionals, have been in a continuous struggle with the COVID-19 pandemic. According to recent WHO reports, there have been 2 million deaths out of 94 million confirmed cases of COVID-19, and the numbers are still growing. The impact of COVID-19 is widespread and has disrupted the overall global economy, which has shrunk by more than 5% of GDP, while geopolitical and cyber-risk issues are on the rise. Conversely, there is some good news to celebrate during the crisis, including an acceleration in technology innovation, successful vaccine development, and distribution and completion of the US election process.

Against this backdrop, the broad range of articles which PRMIA received from its Sustaining Members for the current issue evidenced a focus on COVID-19 perspectives, including: managing the COVIDcreated economic crisis, automation process challenges, the hazard of nostalgia, operational resilience and restructuring, the risks of rising rates, and preparing for the unexpected. At the same time, our January selections also cover a variety of other topical subjects such as risk leadership, global data standards, model risk in financial crime, and risk perspectives on sustainable finance for infrastructure development.

PRMIA acknowledges and appreciates the valuable contributions from our authors for taking time during these challenging times to share their experiences and thoughts. We thank this issue’s authors for their thoughtful contributions and extend our wishes for all to be cautious and follow all health safety guidelines. We hope that PRMIA’s members will find the articles published in this issue interesting and enjoy reading them as much as we did reviewing and editing them.

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