Five megatrends mean company directors face heightened D&O risk according to Allianz

Five megatrends mean company directors face heightened D&O risk according to Allianz

Five megatrends mean company directors face heightened D&O risk according to Allianz

Company executives are facing five “megatrends” that are set to create a heightened risk environment for D&O liability in 2020 and further challenge the profit margins of D&O insurers, according to Allianz Global Corporate & Specialty (AGCS), which said it has seen double-digit growth in D&O claims in the past five years. ‘Bad news’ or event-based claims have driven a…

Buyers urged to consider blended parametric and indemnity transfer solutions for supply chain risk

Buyers urged to consider blended parametric and indemnity transfer solutions for supply chain risk

Buyers urged to consider blended parametric and indemnity transfer solutions for supply chain risk

Risk managers have been advised by experts at our latest conference to use a blend of parametric insurance cover and more traditional indemnity policies to transfer supply chain risk, with one speaker arguing it is now the right time to push the boundaries of insurability and devise solutions that are not based on named perils. Speakers at Commercial Risk’s Supply…

Technology and ‘glass silos’ can help tackle inadequate supply chain risk management

Technology and ‘glass silos’ can help tackle inadequate supply chain risk management

Technology and ‘glass silos’ can help tackle inadequate supply chain risk management

Many companies are failing to adequately manage supply chain risk because various functions are still too often working in silos and not making use of technological solutions, according to expert speakers at Commercial Risk’s latest conference. There remains the need to get further board buy-in to help drive enterprise-wide supply chain risk management and deliver a proactive rather than reactive…

In search of nirvana: How to identify, measure and manage supply chain risk

In search of nirvana: How to identify, measure and manage supply chain risk

In search of nirvana: How to identify, measure and manage supply chain risk

Supply chain risk has shot up the corporate agenda in recent years as the dual trends of globalisation and relentless pressure on cost control have posed a serious threat to the ability of apparently sophisticated, and well-managed, multinational corporations to deliver their basic product and service, on time and to the quality required. Recent events such as the Thai floods…

New initiative encourages investors to call out supply chain slavery

New initiative encourages investors to call out supply chain slavery

New initiative encourages investors to call out supply chain slavery

UK charity investment manager CCLA said every company in the UK is exposed to modern slavery risk, on launching a new shareholder initiative to eliminate forced labour from supply chains. Unveiling a three-year initiative – ‘Find it, fix it, prevent it’ – the CCLA said too few companies have made inroads to stamp out slavery from supply chains since the…

IRM rolls out supply chain qualification

IRM rolls out supply chain qualification

IRM rolls out supply chain qualification

The Institute of Risk Management (IRM) has added a supply chain risk management certificate to its qualification portfolio. The professional body said the new certificate will equip risk professionals with expertise in how to manage supply chains, identify and mitigate risks. Students will look at global outsourcing and digital disruption, and how risk management tools and techniques can be applied…

BCI survey paints a mixed picture for supply chain risk management

BCI survey paints a mixed picture for supply chain risk management

BCI survey paints a mixed picture for supply chain risk management

The latest annual supply chain survey by the Business Continuity Institute (BCI) paints a mixed picture for organisations worldwide, with the number of disruptions down and non-reporting of such incidents at an all-time low. But it also finds a steady decline in top-level management commitment to supply chain risk and problems when it comes to tackling lower tier suppliers. The…

Single cyberattack on Asia-Pacific ports could cost $110bn, with 57% ‘silent’

Single cyberattack on Asia-Pacific ports could cost $110bn, with 57% ‘silent’

Single cyberattack on Asia-Pacific ports could cost $110bn, with 57% ‘silent’

A single cyberattack on major ports across Asia-Pacific could cost $110bn, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018, according to new research released by Lloyd’s. Under the extreme scenario, a huge 60% of the losses would be from business interruption and contingent business interruption (CBI) claims and 57% would be silent cyber…

Risk management lags increasing unpredictability, finds QBE

Risk management lags increasing unpredictability, finds QBE

Risk management lags increasing unpredictability, finds QBE

Political risk is making the world a more unpredictable place to do business, yet many companies are failing to plan adequately for unexpected events, according to research from QBE. The insurer’s analysis of factors that have impacted stability during the past 30 years found the world has demonstrably become a less predictable and more volatile place. In particular, 2010 and…

Rising risk awareness among customers drives Beazley expansion plan across Asia-Pacific

Rising risk awareness among customers drives Beazley expansion plan across Asia-Pacific

Rising risk awareness among customers drives Beazley expansion plan across Asia-Pacific

Beazley, the Lloyd’s-based insurance and reinsurance group, has announced plans to significantly expand its business in Asia-Pacific out of its exiting Singapore, Hong and Chinese operations, by hiring new staff, offering its specialty products on a sector-specific basis and entering into new ‘white-label’ partnerships whereby its products are sold by other carrier such as managing general agents. The insurer said…

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