Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

Political risk continues to climb the agenda, but  where are the risk managers?

Political risk continues to climb the agenda, but where are the risk managers?

Political risk continues to climb the agenda, but  where are the risk managers?

Whenever we carry out discussions with risk managers as part of our annual European Risk Frontiers survey, the inevitable first question is often: so, what are the big risks that keep you and your bosses awake at night? Having tackled that big question, the next natural question is: so, what is the most effective way to identify, measure and manage…

Ransomware: To pay or not to pay remains an open question

Ransomware: To pay or not to pay remains an open question

Ransomware: To pay or not to pay remains an open question

Ransomware has become big international business and a major headache for companies of all shapes and sizes. Risk and insurance managers are increasingly working with colleagues from IT, legal, HR and other areas to try and work out how to prevent the attacks, deal with them and transfer the risk. To investigate the best approach to this rising risk, JLT…

Sulphur Cap Series: Part 2 – A practical overview of the IMO 2020 Sulphur Cap

Sulphur Cap Series: Part 2 – A practical overview of the IMO 2020 Sulphur Cap

Sulphur Cap Series: Part 2 – A practical overview of the IMO 2020 Sulphur Cap

Beth Bradley, Benjamin Bryant and Ioanna Tsekoura, of Clyde & Co, consider the challenges facing compliance and challenges to enforcement as the new Sulphur Cap looms With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and…

Time to take cyber seriously with more risk budget

Time to take cyber seriously with more risk budget

Time to take cyber seriously with more risk budget

There is a distinct whiff of uncertainty and volatility in the air as 2019 gets underway and the big European insurance and reinsurance renewal has completed. As Europe’s risk managers returned to their desks after a short but hopefully relaxing Christmas and New Year break, they will have no doubt looked at their in-trays in a state of mild panic.…

Auto sector faces up to supply chain risk

Auto sector faces up to supply chain risk

Auto sector faces up to supply chain risk

The automotive industry was the most disrupted sector in 2017, as the number of disruption events leapt by 30% from just over 1,300 in 2016 to nearly 1,700, according to recent analysis carried out by JLT and Resilinc, the supply chain analytics and resiliency company. The core problem is that the global automotive sector is dependent upon a highly complex…

A practical overview of the IMO 2020 Sulphur Cap

A practical overview of the IMO 2020 Sulphur Cap

A practical overview of the IMO 2020 Sulphur Cap

With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the regulation will have on the international maritime industry and on individual shipping companies. This three-part series…

CNIL imposes financial penalty of €50m against Google LLC: What can we learn?

CNIL imposes financial penalty of €50m against Google LLC: What can we learn?

CNIL imposes financial penalty of €50m against Google LLC: What can we learn?

On Monday 21 January 2019, French regulator the National Data Protection Commission (CNIL) imposed a fine of €50m against Google LLC, in accordance with the General Data Protection Regulation (GDPR). This sets a higher bar for compliance, which ought to be observed by others and provides some guidance as to what can be expected from future enforcement actions. The fine…

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