Category Archives: Claim & Risk Control

A helicopter view of airport risk

Airports are tempting targets for terrorists. The combination of high population densities, commercial aircraft from all over the globe and a symbol of national prestige require special risk controls. Continue reading →

From catastrophe to data: The findings of Flood Club

streets flooded around a building

The re/insurance market is ready to embrace academic findings and new technology for risk management. It is clear that there is a surge of interest in climate risk in the financial sector and in catastrophe modeling. Continue reading →

Unrest and uncertainty: Understanding the consequences of Brexit for businesses

Red phone booth on London street with Big Ben and other buildings in the background

One of the primary consequences of Brexit could be the continuing ability of law enforcement to share information and coordinate their activities. Continue reading →

Risk heat maps: Moving from fear to danger to strategy

Woman holding a tablet while a man next to her points to something on the screen

In some situations, final frequency and severity scores may reflect the fears of the group, which can be unduly influenced by risks that are easier to imagine and/or that are currently topical. But what is needed to effectively guide organizations’ risk management activities is an assessment of underlying danger — rather than irrational fear. Continue reading →

4 key geopolitical risks likely to affect aviation industry this year

Woman holding some documents in her left hand while using he right hand to touch a graph on a giant touch screen

The key to understanding and mitigating geopolitical risks is a holistic view of the risk landscape. By analyzing operating contexts through multiple lenses – such as people, business resilience, investment, cyber, reputation, and climate and environment – a whole spectrum of interrelated risks become visible. Continue reading →

Silent cyber risk: Insurers must try harder

Man in a dress shirt and tie looking at a computer monitor in a darkened office with colleague working behind him

Remember this? “The PRA expects that all Solvency II firms robustly assess and actively manage their insurance products with specific consideration to non-affirmative cyber risk exposures. This includes all property and casualty (P&C) covers which could give rise to cyber … Continue reading →

3 key ways to mitigate the impact of active shooters and other assailant attacks

Search and Rescue crew member in a hard heat using a walkie talkie

While terrorist incidents worldwide have fallen from their peak in 2016, active assailant attacks, including active shooter incidents, remain a significant threat in advanced economies — and fatalities are increasing, according to the FBI, Europol the U.S. Department of Homeland Security (DHS). Continue reading →

What’s the barometer reading for incentive payouts when natural catastrophes take their toll?

aerial view of a tropic storm in the ocean moving towards land

Two tough years of natural catastrophe (CAT) events have battered property & casualty (P&C) insurers’ annual incentive plans (AIPs). But should plan participants, including underwriters, be held responsible for the weather? 2018 Willis Towers Watson pulse surveys on P&C insurers’ … Continue reading →

How a new breed of analytics is enabling holistic risk management decision making

Businessman using graphs on screen-banner

The confluence of data and technology have changed the game for risk management, but most organizations have felt only partial effects. The availability and storage of data, processing power and predictive modeling techniques have increased our risk quantification abilities more … Continue reading →

How forward-thinking power companies are managing their geopolitical risks

two business men shaking hands

What can we learn from how the most sophisticated power companies on the planet are integrating geopolitical risk management into their strategies and operations? We’ve been researching the latest thinking from business, government and academia on managing geopolitical risks, and four key steps have emerged. But first, what are the key geopolitical drivers of risk? Continue reading →