All Risk News articles – Page 75
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Restart facilities with care - AGCS
20% to 30% of AGCS fire claims are related to the condition of electrical equipment and installations
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Insurers on the hook for up to $80 billion in COVID claims
Total claims could exceed those of 9/11, underscoring the need for a government backstop - Willis Towers Watson
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COVID-19 will change risk management - IRM
The future will see a sharper focus on resilience and strategic risk management, predicts survey
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FCA seeks “clarity” on business interruption claims
Insurers given up to six months to reassess whether their products are still offering value to customers
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COVID-19 biggest shock to the global energy system since WWII
”Energy industry that emerges from this crisis will be significantly different from the one that came before” - IEA
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Digitisation can mitigate supply chain disruption - study
Companies and solution providers will need to integrate previously siloed areas of supply chain management
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How to avoid restart risks
Pre-start up safety reviews can help reduce losses when idle facilities are put back into operation - Swiss Re Corporate Solutions
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RIMS calls for pandemic risk insurance program
91% of RIMS members are supportive of a TRIA-type program for insurance claims relating to losses resulting from a pandemic
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COVID-19 to fuel rise in data breaches
Analysis reveals a 227% increase in coronavirus related fraud cases reported to the UK’s NECC
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AXA XL offers virtual risk assessment
Tool will highlight potential new risks as manufacturers adapt their businesses during the pandemic
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Cybercriminals profiting from COVID distraction
There are increasing aggregation risks associated with the shift towards remote working, warns AIR Worldwide
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Use digital transformation to your advantage: Corless
Digital transformation should be used to “reliably and repeatedly detect changes to risk”, argues risk thought leader Chris Corless
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Is blockchain the solution for broken supply chains?
Resilience of supply chains “can be improved” through the deployment of blockchain technology - World Economic Forum
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WTW launches cyber marine cover
Product includes business interruption cover in the event of a cyber incident that disrupts operations
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Insolvency risks soar amid COVID crisis
Virgin Australia has become one of the biggest casualties of the COVID-19 outbreak so far
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COVID-19 will “enhance protectionism” - Control Risks
Companies will be pressured to ‘onshore’ their supply chains, predicts Charles Hecker
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Move away from company-centric views: Clements
Risk managers need to change the way they perceive risk and move away from company-centric views, according to Adrian Clements.
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Use alternatives to heat maps: Sidorenko
Risk managers should use alternatives to heat maps to inform decision-making, according to Risk Academy’s Alex Sidorenko.
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Data can engage C-Suite: Wong
Risk managers can harness data to their advantage to engage C-Suite members on important issues, according to Danny Wong.
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Focus on intangible risks: Masterson
Organisations should not overlook the intangible risks facing their business, according to Michael Masterson.