Category Archives: Risk Culture

Geopolitical instability: Turning up the heat on the energy industry

oil fire

Nascent trends of geopolitical instability continue to foster uncertainty and hazards in the energy market landscape. Continue reading →

5 strategic challenges chief risk officers can address through reinsurance

boardroom

Insurers aspire to identify and acquire all the risks that can be insured at a profit. But they’re limited by their capital. Hence the need for reinsurance. Continue reading →

Risk environment update: Wildfire risk

wildfires

Losses from wildfires have increased exponentially, making more sophisticated analytical solutions necessary to confidently underwrite and price wildfire risk. Continue reading →

Reinsurance market remains stable amid ample capacity

a car submerged under water

Despite a challenging 2017 and indifferent 2018 results, balance sheets of traditional reinsurers remain strong, and overall interest from insurance-linked securities investors remains mostly undimmed. Continue reading →

To assure stakeholders that corporate risks are optimally managed, think beyond insurance lines of business and risk siloes

Close up of a finger touching dominoes lined up on money

Corporate de-risking activities are typically handled in silos, oriented to the way the insurance industry has organized itself — rather than being attuned to the specific financial needs of the enterprise. Continue reading →

The changing face of liquidity risk management

small plastic houses on top of stacks of British pounds

The Prudential Regulation Authority (PRA) has released its proposals (CP4/19) for “Liquidity risk management for insurers”. Over the last year, there have been discussions between the industry, the PRA and Financial Conduct Authority (FCA) around liquidity risk management, so these … Continue reading →

Navigating the risks of a global insurance marketplace in transition

Cargo container ship in the water

Risk managers can no longer rely on the practice of simply purchasing low-cost worldwide non-admitted policies. Continue reading →

Changing risk culture and the dynamic CRO

a pile of buttons with the word "risk" and a one with "reward"

Establishing a consistent and enterprise-wide risk management framework, supported by a strong risk culture, aids business resilience. It can also help organizations identify and take advantage of the right strategic opportunities and ultimately gain competitive advantage. Continue reading →

Retail: Is there opportunity in uncertainty?

people walking down the street with purses and shopping bags with umbrellas

As a retailer, your view of the sector likely depends on several variables. How you’re embracing the continued growth of online shopping and automation across the value chain, how you’re adapting to rising operating costs while sharing in your consumers’ … Continue reading →

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 →