Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Business interruption (BI) has reclaimed its position as the top risk facing global firms, followed by a pandemic outbreak in second place and cyber incidents a close third, after taking the number one spot last year, according to Allianz Global Corporate & Specialty’s (AGCS) Risk Barometer 2021. BI held the top spot for four consecutive years in the Allianz Risk…

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

European firms name cyber as top risk for 2021 in AGCS poll

Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption (BI) in second place and pandemic outbreak third, finds a poll of risk experts and business leaders by Allianz Global Corporate & Specialty (AGCS). BI’s position is unchanged from last year, while pandemics are a new entry in the top…

Covid-19 supply chain impact will roll into 2021, says the BSI

Covid-19 supply chain impact will roll into 2021, says the BSI

Covid-19 supply chain impact will roll into 2021, says the BSI

Global supply chains suffered unprecedented disruption as Covid-19 struck and many of these risks will impact business into 2021, according to the British Standards Institute (BSI). After studying data during the past year, the BSI and supply chain intelligence platform SCREEN found the economic fallout from Covid-19 sparked an increase in targeted cargo thefts, more human rights violations against migrants…

Verisk Maplecroft releases ‘unique’ subnational human rights index

Verisk Maplecroft releases ‘unique’ subnational human rights index

Verisk Maplecroft releases ‘unique’ subnational human rights index

Verisk Maplecroft has released the world’s first subnational human rights risk index, to help multinationals undertake risk assessments in more granular detail than ever before. The dataset goes beyond country level to encompasses risk scores for 3,600 states and administrative regions in 198 countries. The tool can be used to map exposures in global operations, supply chains and investments to…

This is the time for action

This is the time for action

This is the time for action

This issue of Commercial Risk Asia is wholly based on a series of in-depth interviews carried out with leading members of the Pan-Asia Risk & Insurance Management Association (Parima) for our annual Risk Frontiers survey. The point of this survey is to provide risk and insurance managers across the world with a unique platform to express their views on key…

Supply chains see spike in human rights risks, warns BSI

Supply chains see spike in human rights risks, warns BSI

Supply chains see spike in human rights risks, warns BSI

Supply chains have seen a spike in human rights risks during the Covid-19 pandemic, with cargo theft and smuggling also on the rise, warns the British Standards Institution (BSI) in its latest quarterly review. The BSI says the pandemic has “wreaked havoc” on supply chain continuity as governments around the world respond differently to the crisis. The BSI says migrants…

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…

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics, climate and cyber top AXA risk list

Pandemics and infectious diseases have unsurprisingly jumped above climate change and cyber risk to become the number risks during the next five to ten years, in AXA’s 2020 Future Risks Report and survey. The report is based on a global poll of more than 2,600 experts from the world of risk management and insurance. In addition, just short of 19,000…

Enoizi makes case for expanding Pool Re to cover pandemic risk

Enoizi makes case for expanding Pool Re to cover pandemic risk

Enoizi makes case for expanding Pool Re to cover pandemic risk

CEO Julian Enoizi believes it makes sense for Pool Re to expand its remit and be the vehicle for any state-backed pandemic or wider systemic risk financing solution in the UK, but stressed the decision is ultimately for government and the insurance industry to make. There are currently several initiatives underway in the UK to find a risk transfer solution…

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…

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