Catastrophe Risk | Risk Type | StrategicRISK Global

How EV fires sparked fears, supply chain tensions, and a reputational blaze

Electric vehicle battery fires in South Korea raised public fears and sparked geopolitical tensions over supply chain risks. Here’s what risk managers can learn

Why the sustainable energy transition demands greater risk awareness

Risk managers need to start having conversations about the added risks and costs that come with the energy transition, says Charles Taylor’s Andy Rice

Wind industry must urgently prioritise fire safety, amidst growing public concern
How businesses can shore up defences amid flooding in central and Eastern Europe

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Case studies

Case study: How HS2 managed flood risk while building the first intercity train line in over a century
Weaving its way through and near UK floodplains, the high-speed rail project has demanded flood mitigation that’s built into the public planning from day one. This has been combined with private investment in tech solutions that can proactively respond to alerts. Trevor Treharne reports.
Case study: How Lendlease put people front and centre during the Fukushima nuclear accident and earthquake
The 2011 Fukushima nuclear accident and preceding earthquake and tsunami devastated the region in a matter of hours. Managing Lendlease’s risk response from the region, Kevin Bates describes putting a pause on other business concerns to focus on what mattered most – people.
Case study: How South Caernarfon Creameries is using sensors to tackle flood risk
South Caernarfon Creameries is an important employer in its region of Wales, however the business faced significant flood risk as a result of the river Afon Erch. Here’s how the sensors were used to mitigate the threats

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Climate report 2024: Risk managers attitudes to climate threats revealed

When it comes to embedding climate threats into organisational risk management strategies, progress is being made. Slowly. But, as our 2024 climate change survey finds, the fight for resources continues.

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Interviews

Global tensions are rising, but risk perceptions are in the eye of the beholder

To successfully separate threats from opportunities risk managers must first understand the role of perception in the identification of risk. Zurich’s John Scott discusses the big picture

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Opinion

Risk management lessons to learn from earthquake disasters in 2024

WTW’s Arash Nassirpour and Elide Pantoli look at the reasons behind building failures, highlighting the ongoing need for seismic risk assessments, retrofitting and improved construction codes; and the implications these have in other earthquake vulnerable cities around the world.

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Expert views

Q&A: Using satellite data for flood damage mitigation
Rupert Bidwell, vice president for insurance solutions at ICEYE, talks to Strategic Risk and Insurance Times about the power of leveraging satellite technology
Taken by storm - how medium-sized enterprises can use parametrics to tackle nat cat risks
Medium-sized enterprises (MSEs) play a vital role in our economy. However, these companies face unique challenges when it comes to risk management, particularly in dealing with natural catastrophes such as storms, flooding, or earthquakes.
How data analytics and insights can help risk managers take control of their risks and keep the lights on
Too many organisations are operating in the dark, unable to clearly see the exposures they face. Adrien Norulak, head of risk analytics, at Swiss Re Corporate Solutions explores how better data collection, analysis and communication can help companies better manage their mitigation and insurance solutions.

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Special reports

Ordering the chaos: how to manage connected risks

Getting to grips with interconnectedness means identifying the intricate links between the threats we face, then mapping, understanding and preparing for them. Our webinar sought to untangle this complex issue. Sara Benwell reports back.

Construction insurance and surety – better together

While it is uncommon for contractors and project owners to place property and casualty insurance and surety with one carrier, there are great benefits to going ‘all in’, say BHSI’s John Roe and Geo Delisio.

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Webinars

The countdown to DORA: how businesses can prepare

The go-live date for the European Union’s wide-ranging DORA is rapidly approaching. But is the financial sector ready for it? Are company silos that need breaking down really being dismantled? This month’s webinar dived straight into this complex area,

How risk managers can better manage and mitigate interconnected risks

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Special edition: Future of business

In partnership with Swiss Re Corporate Solutions | In partnership with Strategic Risk

How risk managers can use international programs to mitigate geopolitical risks

In a world characterised by instability and global conflicts, risk managers need insurance partners to provide solutions that bring simplicity, not more complexity. Swiss Re Corporate Solutions’ Will Porter explains how international programs do just that.