Covid-19 reshapes future risk landscape, says AGCS report

Covid-19 reshapes future risk landscape, says AGCS report

Covid-19 reshapes future risk landscape, says AGCS report

Covid-19 has radically altered long-term risk trends, with new exposures emerging from the pandemic, according to a report published by Allianz Global Corporate & Specialty (AGCS). New ways of working, changes in travel habits and altered supply chain networks have impacted established risk trends, with new exposures in some areas and lower claims trends in other lines of business, the…

Swiss Re Corporate Solutions and Hitachi team for digital risk solution

Swiss Re Corporate Solutions and Hitachi team for digital risk solution

Swiss Re Corporate Solutions and Hitachi team for digital risk solution

Swiss Re Corporate Solutions and Hitachi Europe have announced a strategic partnership to deliver what they claim is an “industry first” combined risk management and insurance solution for digital risks in the era of smart manufacturing and artificial intelligence (AI). The companies said the new solution will help companies accelerate their digital transformation and minimise risks. Initially focused on the…

Coronavirus hastens need for reputational risk management and insurance

Coronavirus hastens need for reputational risk management and insurance

Coronavirus hastens need for reputational risk management and insurance

Companies must focus on reputational risk management and require better insurance products to manage threats such as a pandemic and future crises, according to a panel debate at Airmic Fest. Integrating data on reputational risk into an organisation’s enterprise risk management (ERM) can result in better decision making by executives and help stimulate a wider discussion on reputational threats, according…

Airmic members and Lloyd’s working on reputational risk solutions

Airmic members and Lloyd’s working on reputational risk solutions

Airmic members and Lloyd’s working on reputational risk solutions

Airmic members are working with Lloyd’s to try and develop products and services for reputational risk, aided by recent developments in data sciences and insurance market innovation. Matthew McEwan, director of risk management at Coca Cola, told CRE that a number of UK risk managers and Airmic members, including himself, are taking part in a Lloyd’s product innovation initiative. “The…

Pandemic fraud on the rise

Pandemic fraud on the rise

Pandemic fraud on the rise

Risk managers must take steps to protect their businesses from a rising tide of fraud during the pandemic, according to expert speakers at Airmic Fest. The current environment is ripe for fraudsters and likely to lead to an increase in cybercrime and fraudulent personal injury claims, as well as supply chain and employee-related fraud, panellists said on a fraud session…

FM Global urges Asia-Pacific leaders to retain focus on climate risks

FM Global urges Asia-Pacific leaders to retain focus on climate risks

FM Global urges Asia-Pacific leaders to retain focus on climate risks

Recovery from the Covid-19 pandemic and preparation for a potential second wave is clearly top of the agenda currently for business leaders across the Asia-Pacific region and worldwide. But leaders in the Asia-Pacific region in particular must continue to focus on the impact of climate change and invest in loss prevention, business continuity and risk management and mitigation measures to…

Swiss Re ready to respond to rising demand for alternative risk financing: Keist

Swiss Re ready to respond to rising demand for alternative risk financing: Keist

Swiss Re ready to respond to rising demand for alternative risk financing: Keist

No one within the European risk management and insurance market should be surprised by the uptick in interest in alternative risk financing, as companies across the continent struggle to cope with the economic and financial impact of Covid-19. The current crisis has once again underlined how traditional insurance products are limited in the way in which they can help deal…

Aon responding to demand for balance sheet solutions to cope with virus

Aon responding to demand for balance sheet solutions to cope with virus

Aon responding to demand for balance sheet solutions to cope with virus

Aon withdrew its 2020 guidance on revenues and profits as it announced its first-quarter results on Friday, because of the uncertainty caused by the Covid-19 pandemic. The group is preparing for a likely reduction in revenues in coming quarters because of the global economic downturn caused by the virus. It assured investors that it is proactively managing its cost base…

Climate change risks cannot be ignored through Covid-19 crisis

Climate change risks cannot be ignored through Covid-19 crisis

Climate change risks cannot be ignored through Covid-19 crisis

Risk managers cannot afford to ignore climate change risks, despite the immediate Covid-19 crisis, and should be encouraging their directors and officers to maintain climate change on boardroom agendas if they are to thrive in the coming months. Experts speaking at a webinar organised by Commercial Risk warned climate change activists will be working hard despite the lockdowns, and will be…

Europe’s ESG disclosures should be mandatory across the world, says DBRS

Europe’s ESG disclosures should be mandatory across the world, says DBRS

Europe’s ESG disclosures should be mandatory across the world, says DBRS

The rest of the world should follow Europe in mandating disclosures of corporates’ environmental, social and governance (ESG) risks, according to credit ratings agency DBRS Morningstar. It said global use of ESG reporting would make disclosures more comparable and standardised. Many large companies outside the EU have followed investor appetite for ESG disclosures and voluntarily publish ESG risks, but this…

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