Tag Archives: insurance and risk management

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 →

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 →