A Japanese cybersecurity minister has been forced to contradict his own comments that he has never used a computer. There was widespread astonishment in Japan when Yoshitaka Sakurada, the deputy chief of the government’s cybersecurity strategy office, told a parliamentary committee meeting that computers had never featured in his professional life. “Since the age of 25, I have instructed my…
Companies need to take a wider view of risk and look beyond threats traditionally on their risk register, according to Professor Daniel Ralph, academic director for the Cambridge Centre for Risk Studies. He highlighted risks such as reputation/brand, macroeconomic and trade factors, and geopolitical risks, as areas to work on. Professor Ralph was speaking at the Institute of Risk Management’s…
Businesses in Britain are having to face up to political risk and need to learn to engage with politics and politicians to mitigate growing threats, according to Sir Mark Boleat, former policy chairman at the City of London Corporation. But he warned many companies are failing to step up to the mark. Speaking at the Institute of Risk Management’s (IRMs)…
The urgent amendment of South Africa’s stifling visa regime could be the quick fix needed to drag the country out of the economic doldrums, especially now that so-called ‘tourism terminator’ Malusi Gigaba has resigned as the minister of home affairs and a member of parliament. Cannon Asset Managers Investment analyst Tlotliso Phakisi suggested: “Introduced under Mr Gigaba’s leadership, the tourism…
Some 80% of Belgian corporates believe the world is becoming increasingly unstable, according to a new poll by business magazine Trends for the Credendo Trade Forum, and 85% said the European Union should take measures to protect its businesses, up from 75% last year. At the same time, the poll by trade credit insurer Credendo found 79% believe protectionist measures…
Economic risk is causing businesses executives around the world most concern, also ranking as the top threat in the UK and second in continental Europe, according to new research from CNA Hardy. Meanwhile, executives in Europe are most confident of all regions about growth prospects, with those in the UK the least upbeat as Brexit takes its toll. CNA Hardy’s…
Recent growth in the global economy is expected to “lose steam” next year, warns credit insurer Atradius in its latest Economic Outlook. The “momentary bright sky” seen in 2017 and 2018 is to darken in 2019 as “clouds are quickly gathering on the horizon”, it says. Atradius explains that risks to the global economy, in particular the US-China trade war,…
Chubb has backed a $1m project to reduce the risk of flooding along the Miami coast. In partnership with conservation group The Nature Conservancy (TNC), Chubb Charitable Foundation has issued a $1m grant to improve the resilience of Miami’s flood defences using nature-based solutions. These include the restoration of mangroves, planting native vegetation, removing invasive species and installation of artificial…
Captives continue to be a highly effective and versatile alternative and/or complement to traditional risk transfer options, covering a much wider range of exposures than ever before, including environmental risk, cyber exposures, reputation and employee benefits. This is according to a new report, Emerging Global Challenges for Captives, produced by Chubb Europe and Clyde & Co. The report also notes…
With increasing automation and a rise in more flexible approaches to work, employee-related risks are changing, requiring new approaches to risk management and protection, according to Zurich Insurance…