WHO declares coronavirus public health emergency

WHO declares coronavirus public health emergency

WHO declares coronavirus public health emergency

The outbreak of coronavirus in China has been declared a public health emergency by the World Health Organization (WHO), joining five previous emergencies including Zika in 2016 and Ebola in 2014 and 2019. The status is attributed to viruses that pose a public health risk to other states through the international spread of disease. The WHO said it has been…

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…

Businesses struggling to meet growing supply chain exposures: Airmic report

Businesses struggling to meet growing supply chain exposures: Airmic report

Businesses struggling to meet growing supply chain exposures: Airmic report

A new report by Airmic warns that supply chains are under growing strain, with businesses struggling to manage the new exposures. Published at Airmic’s fourth ERM Forum in London this week, it provides risk managers with practical guidance on how to inject resilience into entire supply networks. The Complex Supply Chains in a Complex World report says that “a potent” combination…

New flood risk model promises to close coverage gaps

New flood risk model promises to close coverage gaps

New flood risk model promises to close coverage gaps

Flood risk management firm JBA Risk Management has launched a global flood model that it says will fill the gaps of existing cat models by allowing insurers and reinsurers to compare risk across their global portfolios. The model can be fully customised to users’ own book of risks, the company added. “The Global Flood Model opens up a whole world…

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Demand for multinational insurance programmes continues to rise despite mounting anti-globalisation sentiment and protectionism, with captives, mid-sized companies and firms from emerging markets driving growth. Some companies in mature markets have scaled back programmes as they reduce their global footprint, but are generally looking at covering a wider range of risks in international programmes. According to brokers and insurers, demand…

BCI canvassing response to supply chain resilience survey

BCI canvassing response to supply chain resilience survey

BCI canvassing response to supply chain resilience survey

The Business Continuity Institute (BCI) is now seeking responses to its Supply Chain Resilience Survey, and we encourage our readers to take part in this important piece of research. This November, the BCI will publish its tenth Supply Chain Resilience Report. It includes the results of the survey and analysis of responses. The annual supply chain report, this year supported…

Too many organisations still working in silos on supply chain risk: Graham

Too many organisations still working in silos on supply chain risk: Graham

Too many organisations still working in silos on supply chain risk: Graham

There are still too many organisations operating in silos when it comes to managing supply chain risk, Julia Graham, Airmic’s technical director and deputy CEO, told delegates at our Supply Chain Risk: Identification, Measurement and Mitigation conference in London this week. She and fellow risk manager Xavier Mutzig urged organisations to boost collaboration on supply chain risk, advising attendees to…

Cargo theft behind 10% of TT Club’s claims costs as problem persists for insureds

Cargo theft behind 10% of TT Club’s claims costs as problem persists for insureds

Cargo theft behind 10% of TT Club’s claims costs as problem persists for insureds

Cargo theft accounted for 10% of all claims recorded by transport and logistics insurer TT Club during the past 10 years, and continues to cause considerable loss to insureds and their insurers. Mike Yarwood, senior loss prevention executive at TT Club, said cargo theft is widespread. As well as a financial loss, cargo theft damages reputation and disrupts the supply…

Supply chain a strategic risk

Supply chain a strategic risk

Supply chain a strategic risk

 With business interruption cited as the number one risk by risk professionals the world over in the annual Allianz Risk Barometer for four consecutive years, it is no wonder supply chain risk remains high on the risk agenda. Commercial Risk Africa recently held a one-day forum in Johannesburg, together with the Global Transport Asset Intelligence Bureau, as Liz Booth reports…

1 2 3