Business risks rocked by political uncertainty: PwC CEO survey

Business risks rocked by political uncertainty: PwC CEO survey

Business risks rocked by political uncertainty: PwC CEO survey

Government-related threats, led by overregulation, are dominating the top ten risk list for CEOs, with policy uncertainty and trade conflicts two new issues entering the list, at number two and four respectively, according to PwC’s 22nd Annual Global CEO Survey. Political uncertainty and concerns over trade have pushed risks such as terrorism and climate change out of the top ten…

Unhygienic workplaces blamed for UK sickness

Unhygienic workplaces blamed for UK sickness

Unhygienic workplaces blamed for UK sickness

A survey of more than 1,000 UK workers has found almost half blame unhygienic workplaces for costing them and their company at least one sick day a year. According to the survey published by e-tailer AppliancesDirect, the majority of respondents (68%) said a lack of general hygiene in their workplace has made them ill, while 62% blamed unwell colleagues for…

Accra flood risk to be managed

Accra flood risk to be managed

Accra flood risk to be managed

More than 2.5 million people and thousands of businesses in the Odaw River Basin of the Greater Accra Region (GAR) are set to benefit from improved flood risk management, solid waste management and improved access to basic infrastructure and services. The Greater Accra Resilient and Integrated Development (GARID) project is to receive $200m from the World Bank. The project focuses…

Private companies asked for help in reducing social risks

Private companies asked for help in reducing social risks

Private companies asked for help in reducing social risks

By 2020, $3trn in annual economic value could be created by connecting data across institutional and geographic boundaries, according to the World Economic Forum (WEF). It believes that by combining information from state and private companies, it could significantly benefit epidemic readiness, natural disaster preparedness, national statistics and pollution management. Delivering on the promise of public-private data collaboration for the…

Average hurricane season predicted as nat cat risk rises up corporate agenda

Average hurricane season predicted as nat cat risk rises up corporate agenda

Average hurricane season predicted as nat cat risk rises up corporate agenda

Resilience to natural disasters is a growing board-level issue as hurricanes increasingly mean large losses for corporates, according to insurers. The annual Atlantic hurricane season began on 1 June. Following an active and costly 2017 and 2018, this year is expected to be a little quieter. According to Karen Clark, president and CEO of catastrophe modelling firm Karen Clark &…

Labuan sees captive growth in 2018

Labuan sees captive growth in 2018

Labuan sees captive growth in 2018

Labuan saw six new captives licensed in 2018, bringing the total number of captives in the domicile to 48. According to the Labuan International Business And Financial Centre (IBFC) Market Report 2018, 22 insurance and insurance-related entities were approved in 2018, comprising six captives, 13 brokers, two (re)insurers and one underwriting manager, bringing the total number of approved Labuan insurance…

World’s largest firms value climate risk opportunities above costs

World’s largest firms value climate risk opportunities above costs

World’s largest firms value climate risk opportunities above costs

Climate risks facing the world’s largest companies have been valued at almost $1trn, with many expected to make an impact on their bottom line within the next five years, reveals a report published by global environmental disclosure group CDP. At the same time, gains from climate change opportunities are expected to outpace costs, with a potential value of $2.1trn, the…

Airmic members crave more strategic role: survey

Airmic members crave more strategic role: survey

Airmic members crave more strategic role: survey

Airmic’s latest member survey has found a profession that craves greater opportunity to influence strategic decision-making within organisations, with more than half believing that developing communication skills is key to achieving this goal. Speaking about the survey’s findings, Airmic said risk managers are gaining more boardroom influence to shape strategy, but said many in the profession need to upskill to…

Risk managers should grasp opportunity provided by risk reporting trend, says Airmic

Risk managers should grasp opportunity provided by risk reporting trend, says Airmic

Risk managers should grasp opportunity provided by risk reporting trend, says Airmic

Risk managers should use rising risk reporting requirements to raise their profile and reach out to other business functions, according to Airmic. UK companies have been subjected to a slew of new reporting requirements, many of which are focused on risk. Listed or large companies are now required to report on gender pay, modern slavery in the supply chain, executive…

Rising concern over geopolitical risks and growing interest in transfer option

Rising concern over geopolitical risks and growing interest in transfer option

Rising concern over geopolitical risks and growing interest in transfer option

As geopolitical risks fly up the risk management agenda, Willis Towers Watson has found lively interest in its new suite of geopolitical risk services and products based on a partnership with Oxford Analytica. Geopolitical risks are an increasing threat as companies wake up to the serious impact political volatility can have upon their business in the global, integrated economy. Willis…