Corisk helps Nordic clients understand and manage country risk in demanding markets. Emerging economies present challenges that may fully alter the the basis of operations or investment. Nordic companies daily face risks against employees, assets, and reputation. Large companies are no less at risk, several have been forced to exit from markets after revelations of corruption, expropriation, civil war, coups or severe human rights violations.

Corisk offers solid and proven tools to map the full range of country risks to the company’s market, rights to operate, security, and reputation. We help clients detect and understand risk early on, and across markets, to allow continuous operations, investments or acquisitions abroad. We offer stand-alone studies and reports, or support through the whole process to secure company assets in demanding markets.

Has your company terminated investments and trade with Russia? The risk is still high that the company or your supply chain unknowingly violates or circumvents sanctions – through supplier, Internet trade, parallel imports, or trade with third countries. Corisk has the tools to uncover the complete risks to your company and across your value chain.

Corisk offers unique insights into country risk in demanding markets

Daily management, capital allocation, investments and M&A all require solid and comparable insights into country risks, across countries and markets. Corisk offers services including:

– Structured overview of 50 country risks in more than 150 markets.
– Detailed, quantified country risk across the market portfolio.
– Assessment of every market’s special needs for Due Diligence.
– Identify and report country risks for investments or M&A.
– Tailored, in-depth studies and country reports.
– Consulting services.

Our unique country risk model was originally developed and utilized by Telenor Group from 2016. It assisted investments and M&A processes in several markets across Asia.

Corisk Structural Country Risk Model is a revised version of the original model, updated according to the newest research within economics, political science, and conflict research. The model is utilized to quantify the levels of 50 different country risks, by means of high-quality data from third parties. Key model input data are collected from national authorities, BIS, FATF, IMF,  ITU, United Nations, World Bank, and World Economic Forum.


Comprehensive risk picture per market

Quantified risk picture with 50 different country risks, including risks to currency, capital, taxation, regulation, rule of law, political change, expropriation, corruption, security, climate impact, human rights, and reputation.

The risk picture is based on the proven Corisk Structural Country Risk Model. Results are presented via intuitive graphics and to-the-point explanations for use towards Top Management or Board of Directors. The risk picture allows for direct comparison of risk level between countries and markets.

Due Diligence and Materiality Assessments

Our Corisk Due Diligence Risk Scan gives a quantified risk picture at the start of the investment or M&A process, to map specific areas of concern and give direction to further deep-dives into country risk, enterprise risk, or integrity (IDD).

Materiality Assessments of the client’s impact on human rights or the environment are increasingly becoming mandatory. This presents the clients with totally new requirements of risk awareness. Corisk provides a systematic analysis, identifying which risk areas are particularly relevant for Due Diligence and Materiality Assessments, per market.

Country Risks for M&A

We support clients throughout an investment or M&A in demanding markets. We support process design, market scanning and analysis, Due Diligence, choice of jurisdiction, red flag reporting, and risk mitigation before or after deal closing. If further international niche competence is needed, we support the vendor selection and sourcing process to ensure that the client buys critical services at the right cost.

Tailored studies and country reports

We deliver tailored studies of various topics and countries. We analyse risks and scenarios that determine economic, political or security development, human rights, or reputational outcomes. If complementary niche insights are needed, we source this from selected international partners.


Erlend Bollman Bjørtvedt is among Norway’s most experienced advisors in country risk and political risk mitigation. He has a professional background from the Telenor Group and  Hill+Knowlton. 

Erlend headed the global country risk & analysis function of Telenor Group from 2016, particularly serving strategy, investments and M&A in Asia. This included development of guiding documents, manuals and models for risk management. 

Erlend headed the Public Affairs units of Telenor in Norway 2007-2013 and has developed Telenor group manuals in public affairs. Erlend headed the Public Affairs unit of Hill+Knowlton Norway where he advised countless domestic and international clients in a number of industries. He has supported political and regulatory management processes at home and abroad, related to market entry, taxation, choice of jurisdiction, partner strategies, etc.

Erlend is an experienced advisor in the defense and security areas, with a varied background from the armed forces of Norway. He has attended the course in International Law at the Norwegian Defence College.

Erlend holds a Master’s degree in economic history and economics from the University of Oslo. He is post-graduate certified in Finance, Advanced Valuation and Corporate Sustainability (NYU Stern School of Business), Globalisation and Africa studies (University of Oxford), marketing (London Business School), innovation (INSEAD), and sustainability reporting (SASB, TCFD).

Erlend has published various reports and peer-reviewed, scientific articles within economic growth and national accounting.

Jon Samuelsen is a political scientist and experienced business manager and strategist. He has a professional background from publishing, sales, distribution and intellectual property rights management. 

Jon was the CEO of academic publishing company Unipub AS, and Chief Strategy Officer of the national academic bookstore chain  Akademika. He was Chief Strategy officer at Kopinor, the organisation of Norwegian rightholders. 

Jon has been the Chairman of the Board of SiO – a medium-sized Norwegian company – and has solid experience from strategy development, digitalisation, expansion, and market entry.

Jon has a thorough experience as a project manager within transformation, re-organisation, digitalization, intellectual property rights, and negotiations from Norway, Europe, and the United States. He has wide knowledge of sourcing, procurement and implementation of technology, rights clearance, sales, and distribution. Jon has a specific eye for strategy development at Corisk. 

Jon earned his degree at the University of Oslo, with majors in political science and minors in history and economics. (

Shayekh Ibn Emdad is a leading expert in sustainability, business environment management, and corporate governance. He has a professional background from GrameenPhone and NGOs.

Emdad’s has held a number of positions across broad business functions at GrameenPhone 2012-2022, where he led processes within sustainability, privacy compliance, and corporate affairs. 

Emdad has rich experience from consulting and research for small & medium-sized businesses within ICT and other industries in South Asia. Besides supporting Corisk in Asia, Emdad is the chief consultant at GrameenESG, Dhaka. 

Emdad has wide experience managing business relations, campaigns, compliance, environmental and supply-chain challenges. This includes analysis and mitigation of the impacts that ESG, economic and political developments have on corporate success and compliance in the challenging Bangladeshi business environment.

Emdad started his career working for UNAids. At the Palli Karma-Sahayak Foundation,, he did research on the impact of micro-credit on marginal farming in Bangladesh.

Emdad holds a Master’s degree in Social Welfare and Research from the University of Dhaka. While supporting Corisk as chief specialist on Asia, he will attend studies in Business Administration in Vancouver, Canada. 

Emdad holds a number of certificates in strategy, data-driven decision-making, and robotic process automation.


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