The principles of risk appetite: Implementing risk appetite

Lorna Whinyates, Corporate Risk Advisor, Avon Fire & Rescue Service and FRIC Board Director sets out how Avon Fire & Rescue Service implemented a structured and quantitative approach to risk appetite after weaknesses were identified in its risk management framework.

A clear and well‑understood risk appetite is essential to effective decision‑making. In this ALARM guide, Lorna Whinyates shares how Avon Fire & Rescue Service implemented a quantitative risk appetite and tolerance framework to strengthen governance, improve risk reporting and build organisational risk maturity. The article offers practical insight into leadership ownership, visual tools and cultural change, demonstrating how risk appetite can be embedded as part of everyday strategic practice.

Download the full article to learn how a structured, quantitative approach to risk appetite can improve clarity, accountability and risk maturity across your organisation.

This article was originally published in The principles of risk appetite, an ALARM guide. ALARM is a not-for-profit professional membership association supporting risk management and insurance practitioners with education, training, guidance, best practice, networking and industry recognition. For more information, visit alarmrisk.com and follow @ALARMrisk on LinkedIn.