Split Decisions and Strategic Risk with Lt. Gen. Darcy Molstad

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

In this episode, Justin interviews Lt. Gen. Darcy Molstad, Commander, Canadian Joint Forces Command, about similarities between the Armed Forces and risk managers, what the Canadian Armed Forces have taught him about uncertainty, gathering as much information as needed, and making the good enough decision. Gen. Molstad describes what qualities are needed in a leader or a risk manager. The discussion includes making decisions objectively, not emotionally, and the OODA Loop. They discuss the interconnectedness of risks, including geopolitical scenarios.

Listen for Lt. Gen. Darcy Molstad's insight into three characteristics a good leader needs to have.

Key Takeaways:

[:01] About RIMS and RIMScast.

[:16] About this episode of RIMScast. I am interviewing Lt. Gen. Darcy Molstad, Commander of the Canadian Joint Forces Command. We will talk about strategic and split-decision risk-making ahead of his Keynote at the RIMS Canada Conference on October 19th. But first…

[:52] Webinars: On Oct. 22nd, Zurich returns to tell us all about "Cybercrime, Fraud and AI: Real-World Threats and Practical Defenses for Business Leaders."

[1:03] On Nov. 5th, Riskonnect returns to deliver the session "Signal Over Noise: Smarter Risk Analytics."

[1:10] Origami Risk returns on December 10th to present "Managing Insurance Programs at Scale: What Complex Portfolios Require." This session was rescheduled from October, and if you were registered for that one, you are automatically registered for the new date in December.

[1:26] We will close out the year with two webinars from the RIMS Advocacy and External Affairs Committees. On November 10th, we will host a session about the "Terrorism Risk Insurance Act and Program: an update on Federal Developments."

[1:42] On December 3rd, we've got "Third-Party Litigation Funding: What Nuclear and Other Verdicts Mean for the Industry and Your Bottom Line." Find all webinars at RIMS.org/webinars.

[1:52] RIMS on YouTube! RIMS is back on YouTube. Our handle is @RIMSOfficialChannel. We've got plenty of videos there, including RIMScast, RIMScast Canada video podcasts, and other informative and entertaining content from RIMS. Subscribe to the channel today!