Analysis – Page 36
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AnalysisFirms stuck in ‘response’ mode - Deloitte
Over half of organisations have faced a risk incident due to third-party failure during COVID-19 pandemic
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AnalysisFirms facing period of transformative change
COVID-crisis will lead to a new period of rapid, transformative growth and prosperity, predicts Studio 44
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AnalysisFirms failing to anticipate emerging risks
Effective risk resilience is increasingly correlated to a firm’s viability and growth potential, finds Marsh
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AnalysisAXA’s Asian operations hit by ransomware attack
It comes a week after the insurer said it would be dropping extortion payments when underwriting cyber-insurance policies in France
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AnalysisRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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AnalysisEnvironmental risks, climate change threatens megacities
Firms must align climate risk assessments with the recommendations of the TCFD to build greater resilience - Verisk Maplecroft
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AnalysisColonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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AnalysisHail drives US cat losses in April
Western and central regions of Europe experienced a significant cold spell within the first week of April, with temperatures well below freezing
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AnalysisFM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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AnalysisCloud dependency brings systemic risk potential
During the last six months, Amazon, Google and Microsoft Azure have all experienced significant service outages - CyberCube
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AnalysisTerror risk grows as lockdown eases
Public transport and facilities remain an attractive target for terrorists as passengers return, warns Pool Re
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AnalysisCyber tops risk concerns for financial firms
Analysis of $1 billion of insurance industry claims show cyber incidents, including crime, is the top cause of loss - AGCS
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AnalysisPhysical climate risk to test limits of diversification - Fitch
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks
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AnalysisHiscox cyber study suggests complacency
German firms were hardest hit by cyber attacks and ransomware is now commonplace, with one in six firms targeted
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AnalysisSemiconductor shortage disrupts supply chains
Scarcity is expected to be short-lived but will cause problems for sectors including electronics and motor, according to Oxford Economics
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AnalysisWTW launches climate transition risk framework
New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance
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AnalysisLessons in risk from the Boeing 737 MAX disasters
Myriad failures that contributed to the 737 MAX crashes revealed “systemic shortcomings” in Boeing’s ability to manage risk - Arthur D Little
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AnalysisCOVID-19 continues to test supply chains
Pandemic is exacerbating trends such as cargo crime, man-made disruptions, and political protests, which all threaten supply chain resilience in 2021
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AnalysisFERMA welcomes ‘Open Insurance’ initiative
A more transparent commercial insurance market will have “tremendous value” for risk and insurance managers
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AnalysisGeneva Association urges action on pandemic backstop
Governments must take on role of insurer-of-last-resort in future pandemic risk solutions, finds thinktank
