Tag Archives: risk management

2019: The year regulators force insurers to account for sustainability risks on their balance sheets

close up of employees hands pointing to papers with charts. Laptops, tablets and phones are displayed on the table

The European Insurance and Occupational Pensions Authority (EIOPA) has released its latest sustainability proposals (EIOPA-BoS18/483), which are wide ranging and could have significant implications for insurers’ investment strategies, risk and actuarial functions, product pricing, design and sales processes. They involve … Continue reading →

Three key steps for addressing cyber risk in the construction industry

male and female construction workers wearing protective gear looking at a tablet

Virtual reality and artificial intelligence are becoming integral parts of the construction industry. But with its widespread adoption comes new risks that call for a more sophisticated approach to risk management. It’s the phone call no contractor wants to receive … Continue reading →

Top 5 technology risks for publishers

People holding microphones and papers

In my post, The Changing Risk Landscape for Publishers in a Digital World, I explored some of the changing exposures faced by publishers enduring print-to-digital transformation. Since then, we’ve seen the commoditization of online news and a variety of strategies … Continue reading →

The truth about directors’ duties in the U.K. and the business judgment rule

Judge standing in the hallway of a courthouse talking to a female attorney

Between 1742 and 2017 it seems there have been 130 cases in which the discharge of directors’ duties in the specific context of the business judgment rule has come under scrutiny by the English courts. In 82 of these, the … Continue reading →

Key steps for protecting your supply chain against terror attacks

aerial view of trucks traveling on a highway surrounded by green fields

Terror attacks on global supply chains are on the rise. A report from British Standards Institute (BSI) estimates a 16% year-over-year increase within the last decade, with terrorist organizations striking supply chains an average of once a week. The report … Continue reading →

Expansion has its challenges: Realizing the risks of China’s Belt and Road Initiative

aerial view of intersecting roads at night with red lights

The cornerstone of Chinese foreign policy provides domestic businesses with an opportunity to expand into new territories and develop new products and services. But there are dangers lurking within the possibilities. It’s a maxim in the insurance industry that with … Continue reading →

Eight key considerations for chief risk officers now that strategic planning is over

woman holding tablet and pointing to whiteboard

Business planning for most insurers wrapped up a few weeks ago. For a chief risk officer (CRO) these sessions offer a key opportunity to share insights on the risks companies may face in the coming year, provided they have a … Continue reading →

Cyber ranks highest among directors’ concerns in a crowded field

woman using a tablet in a dark stairwell

Hot off the press, our latest Directors’ Liability Survey and review of the legal and regulatory landscape affecting directors and senior executives makes for fascinating reading. This is the sixth collaboration between Willis Towers Watson and international law firm Allen … Continue reading →

Two key steps to help your organization mitigate the impact of a chemical attack

Woman in a white protective suit with a white cap, blue gloves and goggles dropping a liquid from a syringe into a test tube

We’re living in an era of unprecedented terrorist plots and attacks, where hazardous materials, including chemical agents, are now being used outside of warzones to harm civilians. The recent attacks in Dourma, Syria, and in Salisbury, U.K., serve as a … Continue reading →

What could the Prudential Regulation Authority’s proposal on managing climate change risk mean for insurers?

Men in headsets looking at a weather map with a computer monitor behind them

The launch of a consultation paper on the approaches to managing financial risks arising from climate change will transform the way that organizations do business. But how should insurers react – and what are the risks? The Prudential Regulation Authority … Continue reading →