Rising boardroom concern over cyber and regulatory risk but supply chain overlooked

Rising boardroom concern over cyber and regulatory risk but supply chain overlooked

Rising boardroom concern over cyber and regulatory risk but supply chain overlooked

Cyber and regulatory risks have climbed the boardroom agenda at UK multinationals, but corporate and supply chain risks are still failing to register at firms across Europe, according to a new survey by CNA Hardy. The poll also reveals that although there is growing confidence among UK firms about their prospects, those in continental Europe are far more upbeat. CNA…

BI risks rise for energy sector as supply chains intertwine, warns Marsh

BI risks rise for energy sector as supply chains intertwine, warns Marsh

BI risks rise for energy sector as supply chains intertwine, warns Marsh

Global energy firms face growing business interruption (BI) risks during the next ten years following changes to business practices, including supply chain integration and asset consolidation, according to Marsh. At its Energy Industry Conference in Dubai this week, the broker also noted that about three quarters of energy executives view BI as the biggest cyber loss concern. In a report…

Verisk rolls out EPIX platform to help deliver better energy risk transfer options

Verisk rolls out EPIX platform to help deliver better energy risk transfer options

Verisk rolls out EPIX platform to help deliver better energy risk transfer options

Verisk has launched a new platform to help insurers better manage complex energy exposures, with a tool for mapping the sector’s nat cat and supply chain risks to follow shortly. The suite should ultimately help insurance buyers secure better cover for their risks. Verisk’s Energy & Power Intelligence Xchange (EPIX) uses data analytics, including benchmarking and risk-scoring, to deliver research…

AMRAE to push market to close gap between risk and insurance

AMRAE to push market to close gap between risk and insurance

AMRAE to push market to close gap between risk and insurance

The insurance market is still falling short when it comes to offering companies the coverage they need for emerging and some developing risks, according to Brigitte Bouquot, president of AMRAE. In response, the association will prioritise discussion with the insurance market in the year ahead to find ways to bridge the gap between risk and insurance, she added. Speaking to…

BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer

BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer

BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer

Business interruption (BI), cyber and natural catastrophes are the leading business risks this year, according to more than 1,900 risk experts from 80 countries polled for the latest Allianz Risk Barometer. The survey by Allianz Global Corporate & Specialty (AGCS), reveals that BI and cyber also remain the leading two risks in Europe, where changes to legislation/regulation and natural catastrophes…

Too many organisations still working in silos on supply chain risk: Graham

Too many organisations still working in silos on supply chain risk: Graham

Too many organisations still working in silos on supply chain risk: Graham

There are still too many organisations operating in silos when it comes to managing supply chain risk, Julia Graham, Airmic’s technical director and deputy CEO, told delegates at our Supply Chain Risk: Identification, Measurement and Mitigation conference in London this week. She and fellow risk manager Xavier Mutzig urged organisations to boost collaboration on supply chain risk, advising attendees to…

Product recall risks and costs surge: AGCS

Product recall risks and costs surge: AGCS

Product recall risks and costs surge: AGCS

Product recall exposures have soared in the past ten years, with the average cost of a significant recall estimated at $12m, according to a new report from Allianz Global & Corporate Specialty (AGCS). It also warns that “ripple” costs, where a single recall impacts multiple manufacturers and countries, can raise the ultimate bill to billions of dollars. Moreover, new risks…

European supply chain risk index finds UK lagging

European supply chain risk index finds UK lagging

European supply chain risk index finds UK lagging

The UK is near the bottom of QBE Business Insurance’s index that ranks European countries’ ability to manage supply chain risks, primarily because of its poor infrastructure. The UK ranked just 12th out of 15 countries, with only Ireland, Greece and Italy lower. The Netherlands came top for managing supply chain risks, followed by Switzerland, Sweden and Luxembourg. The index…

Collaboration key to supply chain risk management

Collaboration key to supply chain risk management

Collaboration key to supply chain risk management

Supply chain risk is clearly a critical area for all companies that operate in today’s highly competitive, fast-changing and global market. The huge interest shown in Commercial Risk Europe’s supply chain conference in London on 12 December proves how important this topic has become and how keen risk managers are to learn how to more effectively identify, measure, manage and…

Confidence down at UK multinationals as risk ‘blindspots’ surface

Confidence down at UK multinationals as risk ‘blindspots’ surface

Confidence down at UK multinationals as risk ‘blindspots’ surface

As UK multinationals report a marked drop in confidence levels in response to political and economic upheaval driven, in part, by Brexit, there are worrying signs they are taking their eyes off other pressings risks, finds a survey by CNA Harvey. The insurer believes this is leading to risk “blindspots” that are only likely to increase as UK multinationals look…

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