Category Archives: Global Risks

Space weather spawns earthbound risks

The University of Cambridge's scenario-based study examines the impacts and derived economic impacts from an extreme space weather event such as a solar storm. Continue reading →

Scariest Risks of 2016

As Halloween nears, people’s thoughts inevitably turn to ghoulies and ghosties, and long-leggedy beasties, and things that go bump in the night. At the Wire we take this opportunity to reflect on the scariest risks our clients faced this year.  … Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

After COP21 How Can Insurance Help us Adapt to Climate Change?

A mix of hype, excitement, cautious optimism, scepticism and just plain cynicism has purveyed the world of climate science and risk management following the latest (21st) Conference of the Parties in Paris, otherwise known as COP21. Continue reading →

How Global Conflicts Impact Financial Institutions, Investments and Assets

INFOGRAPHIC: NonConflict Countries

What does it mean for financial institutions, investments and assets when virtually the entire world is involved in armed conflict or financial sanctions? Continue reading →

CEO Dominic Casserley Discusses Gras Savoye on Eve of RIMS

On the eve of RIMS, the insurance industry’s leading annual conference, Dominic Casserley discussed the recent announcement that Willis has made a firm offer to exercise its option to buy leading French insurance broker. Continue reading →

Why Insurers and the Private Sector are Heading to the UN World Conference on Disaster Risk Reduction

Sendai Japan

In three weeks’ time, several thousand participants, from UN Member States to global corporations and science leaders, will gather in Sendai, Japan, for the third decennial United Nations World Conference on Disaster Risks Reduction to adopt a new global agreement … Continue reading →

Dangers & Opportunities Behind Latest IPCC Climate Change Report

IPCC: Change in Average Surface Temperatures, 1986-2005 to 2081-2100

The UN’s Intergovernmental Panel on Climate Change (IPCC) has recently published its Synthesis Report, a comprehensive summary of the IPCC’s three previous reports, which outlined the causes, the impacts, and the potential solutions to climate change. The report comes at … Continue reading →

UN Climate Summit: 1-in-100 Initiative

business flood

September saw the UN Climate Summit taking place in New York, aiming to raise political momentum and mobilise action to reduce greenhouse gas emissions and build resilience to climate risk, ahead of next year’s key climate change negotiations in Paris. Continue reading →

Redressing the Balance Between the Insurer and the Insured

balance

In January 2006, the Law Commission and the Scottish Law Commission — both statutory independent bodies created to keep the law under review and to recommend reform where it is needed — began a joint review of insurance contract law. Continue reading →