Evolving Non-Financial Risk Resilience Through Scenario Simulation

In an insightful interview at Risk Evolve, Stefana Brown, Group Technology and Data Risk Director at Legal & General, emphasized the importance of holistic and realistic scenario simulations to improve organizational resilience against non-financial risks.

Rather than focusing on single-lens risks like cybersecurity, Brown advocates for simulations that capture complex interdependencies—especially when involving third parties or operating across jurisdictions. She highlights how risk scenarios must account for both geopolitical shifts and supply chain exposures, noting the importance of response strategies given the speed and severity with which these risks can materialize.

Brown also underscores the value of meaningful testing, where simulations are aligned to actual processes and rigorously evaluated to uncover latent vulnerabilities. She points to gamification and AI-driven training—common in sectors like the military and aviation—as models for preparing teams across all organizational layers.

Ultimately, Brown suggests that future success in scenario planning will rely on embedding agile, real-time scenario thinking into everyday operations rather than treating it as an occasional compliance exercise.