Category Archives: Insurance and Risk Management

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 chief risk officers can make everyday enterprise risk management tasks strategic

business man sitting at his desk working on a tablet

Chief risk officers have a unique, risk-focused perspective into the activities of their companies. By taking specific steps, they can promote this perspective to help achieve strategic goals. 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 →

Using the ERM framework to support capital management

Businessman at a desk holding a pen looking at a chart and a laptop

The strategic CRO can champion the idea that risk and capital are two sides of the same coin. Traditionally the risk and capital teams have often worked independently, but supporting one another enhances strategic, capital management and risk management decisions. Continue reading →

Finding the opportunity in enterprise risk management: What’s in a name?

Man sitting at a desk working on a computer and holding a tablet while a man and woman are standing at a table in the background

The strategic chief resource officer realizes that enterprise risk management is about breaking down the silo mentality and analyzes risk and opportunity together. 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 →

2019: Most dangerous risks to insurers

woman holding tablet and pointing to whiteboard

Six of the top 10 risks identified as most dangerous for insurers in 2019 were in the top 10 last year. The other four fell within last year’s top 18. Continue reading →

Instability in countries like Venezuela highlights need for political risk insurance

Faut-il réinventer le salaire de base?

As Venezuela’s economic and political crisis reaches a boiling point, it serves as a cautionary tale to corporations that have invested in fast growing but increasingly unstable economies. Continue reading →

Being thrown under the bus: Why directors should worry about deferred prosecution agreements

close up of gavel on judge's desk

A theme to which I frequently return is the potential for conflicts of interest between companies and their senior management. I do so — not to scaremonger — but to challenge the often held assumption that, provided they have not … Continue reading →