The IIS Thought Center presents IIS Member-produced material organized into four pillar categories: Economic Security, Environmental Security, Market Development, and Governance/Regulatory. With unprecedented economic, environmental, political and social change, it is important that the voices of society's most well-informed participants be heard. The IIS Membership includes many of the world’s most sophisticated risk managers working in business, in academia, and in government. By widely disseminating their perspectives on the most pressing issues of the day, the IIS Thought Center assists in developing public awareness of the importance of employing skilled risk management in all our endeavors.
Examining Stability in Interrelated Systems: Economic Security covers the stability of our means of economic discourse. The complexity, spread, and interrelation of modern markets make it difficult to discern latent risks. In a time of heightened systemic complexity, in which new emerging markets with different economic, political and social ideologies continue to shift the status quo, stability of economy where possible takes on particular importance.
Developing Healthy Productive Habitats: Environmental Security covers the stability of the systems we rely on for our living. This includes the natural eco-, bio- and climate systems that sustain our ability to live while providing raw material for research and innovation as well as our own created social and political infrastructure. Mismanagement of any of these systems weakens the possibility for sustainable innovation by creating excessive instability and uncertainty.
Examining Sustainable Innovation and Positive Growth: Market Development covers the direction of markets and the guiding of markets towards sustainable consistent growth. The pursuit of growth in the absence of a consideration of risk-based design produces mid- to long-term costs that outweigh short-term benefits. Predictive modelling must be widely employed to more fully take into account the benefits of developing certain markets rather than others.
Governance / Regulatory
Developing Efficient Internal and External Relations: Governance / Regulatory covers the relationship between internal and external regulatory systems. Externalities accrue in the absence of adequate internal governance systems, giving rise to the need for external management in the form of regulation. Reactive external regulation can be poorly considered and can impede market innovation and agility. Consistent responsible behaviour by market players diminishes the need for strong external regulation.