Category Archives: Insurance and Risk Management

Boards of directors must increase scrutiny, oversight of cyber defenses: Here’s how they can do it

Man with a laptop looking at computer servers in a server room

If an organization is proactive after a cyberattack, an opportunity arises. Presented with new information about what worked and didn’t, the board has a chance to strengthen the organization’s risk culture and defenses. Continue reading →

Three issues powering aviation security to the top of the agenda

It is imperative that government and industry build strong partnerships and governments around the world work together to mitigate the terrorist threat to aviation. Continue reading →

Stockpiling for Brexit? Make sure your credit insurance covers you

man and woman leaning over a coffee table looking at paperwork-banner

Many businesses involved in the supply chain for vital goods are stockpiling in preparation for any possible disruption after Brexit. While this makes sense in terms of ensuring continuity of supply, businesses must also be aware of the accompanying risks. Continue reading →

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 →

Changing risk management for the changing global environment

close up of a man in suit and some colleagues viewing papers depicting bar graphs

The strategic CRO needs to be at the forefront of understanding a rapidly changing environment to assess risks in an informed way and advocate for new opportunities. 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 →

Changing the face of the risk function….

close up of woman looking at a tablet - banner

When some risk management teams are asked to weigh in on a business decision, they boil the question down to a matter of accept or reject. But in limiting their answers to a binary choice they’re missing a trick. 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 →