Supply chain risks spike 30% last year in vulnerable auto sector: JLT

Supply chain risks spike 30% last year in vulnerable auto sector: JLT

Supply chain risks spike 30% last year in vulnerable auto sector: JLT

Manufacturers in the auto industry need to focus on supply chain risks posed by tier-two and tier-three suppliers because, together, they pose a bigger threat than core tier-one companies, according to latest research from global broker JLT Specialty. The broker recently created its Global Automotive division, designed to help risk managers in the sector cope with the rapidly-changing risk landscape…

Groundbreaking insurance blockchain solution goes live with Maersk

Groundbreaking insurance blockchain solution goes live with Maersk

Groundbreaking insurance blockchain solution goes live with Maersk

The world’s first marine insurance blockchain facility has been launched with shipping company AP Møller-Maersk, and its developers are looking to expand the platform to other lines of business, sectors and insurers. As reported in CRE, EY was working with Maersk last year to create several blockchain solutions, including a platform for insurance contracts. After a year in development, the…

Supply chain risk and insurance management needs significant further work

Supply chain risk and insurance management needs significant further work

Supply chain risk and insurance management needs significant further work

Germany is one of the most globally-connected economies in Europe. German companies fight hard to protect and retain their reputation for innovation, engineering and manufacturing excellence by using the latest tools, methodologies and resources available locally and internationally to deliver the goods for their customers. This means that supply chain risk is as important to German companies as it is…

Supply chain: a critical risk undergoing rapid evolution

Supply chain: a critical risk undergoing rapid evolution

Supply chain: a critical risk undergoing rapid evolution

Kenneth Travers, technical hazards team and global business impact specialist at AIG, took part in the panel discussion on risk identification and modelling at Commercial Risk Europe’s supply chain risk conference in London at the end of last year. As we prepare for this year’s event that will be held in London on 10 and 11 December, we asked Mr…

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…

Italian risk management community seeks progress on supply chain and cyber

Italian risk management community seeks progress on supply chain and cyber

Italian risk management community seeks progress on supply chain and cyber

Italian risk management association Anra held its annual general meeting in Milan at the end of March, followed by a half-day conference focused on big data, blockchain and the rise of the digital age. Commercial Risk Europe editor Adrian Ladbury was invited to pose the main questions from this year’s European Risk Frontiers survey of Europe’s leading risk managers, which…

Rising boardroom concern over cyber and regulatory risk but supply chain overlooked

Rising boardroom concern over cyber and regulatory risk but supply chain overlooked

Rising boardroom concern over cyber and regulatory risk but supply chain overlooked

Cyber and regulatory risks have climbed the boardroom agenda at UK multinationals, but corporate and supply chain risks are still failing to register at firms across Europe, according to a new survey by CNA Hardy. The poll also reveals that although there is growing confidence among UK firms about their prospects, those in continental Europe are far more upbeat. CNA…

BI risks rise for energy sector as supply chains intertwine, warns Marsh

BI risks rise for energy sector as supply chains intertwine, warns Marsh

BI risks rise for energy sector as supply chains intertwine, warns Marsh

Global energy firms face growing business interruption (BI) risks during the next ten years following changes to business practices, including supply chain integration and asset consolidation, according to Marsh. At its Energy Industry Conference in Dubai this week, the broker also noted that about three quarters of energy executives view BI as the biggest cyber loss concern. In a report…

Verisk rolls out EPIX platform to help deliver better energy risk transfer options

Verisk rolls out EPIX platform to help deliver better energy risk transfer options

Verisk rolls out EPIX platform to help deliver better energy risk transfer options

Verisk has launched a new platform to help insurers better manage complex energy exposures, with a tool for mapping the sector’s nat cat and supply chain risks to follow shortly. The suite should ultimately help insurance buyers secure better cover for their risks. Verisk’s Energy & Power Intelligence Xchange (EPIX) uses data analytics, including benchmarking and risk-scoring, to deliver research…

AMRAE to push market to close gap between risk and insurance

AMRAE to push market to close gap between risk and insurance

AMRAE to push market to close gap between risk and insurance

The insurance market is still falling short when it comes to offering companies the coverage they need for emerging and some developing risks, according to Brigitte Bouquot, president of AMRAE. In response, the association will prioritise discussion with the insurance market in the year ahead to find ways to bridge the gap between risk and insurance, she added. Speaking to…

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