MICHAEL YIP

Michael Yip of Dallas/Fort Worth International Airport is part of Insurance Business America Leading Risk Mangers 2017

MICHAEL YIP
http://www.dfwairport.com
Vice president, risk management
Dallas/Fort Worth International Airport
Grapevine, TX

Larger than the island of Manhattan, Dallas/ Fort Worth International Airport is one of the world’s busiest. Michael Yip has led the risk management initiatives for DFW since assuming the role of vice president of risk management in 2015. Previously, he originated the airport’s enterprise risk management framework and its supporting processes from a consulting capacity.

“The focus toward using risk transfer such as insurance as a strategic risk management tool has always been a core foundation for me,” Yip says. “It has allowed me to truly leverage the power of ERM to elevate the risk management function to help drive achievement of strategic goals.”

Today, in his role as a senior leader within DFW, Yip has embarked upon a comprehensive transformation of the risk management department at the airport.

“As I have always been a proponent of aligning risk management to an organization’s strategy and long-term success, my overarching risk issues have evolved alongside the trends toward globalization, operational efficiencies and enhancing stakeholder value for all the organizations that I have consulted for and worked with,” Yip says. “In my effort to evolve ERM best practices to a new level of strategy integration, the principal risk issues for me in 2017 are directly correlated to elements of the airport’s strategic plan – namely, safety and security, organizational resiliency, and cyber/data privacy best practices.”

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