Tag Archives: risk management

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 →

Doors-off helicopter tours: Four things every operator should think about

Pilot standing in front of an open helicopter door while another man faces a woman who is climbing out of the helicopter

Do it for the ‘gram. That’s the world’s mantra these days: living for the Instagram photo instead of the experience itself. But now that pictures are seemingly worth a thousand likes, how far will people go to capture that double-tap-worthy … Continue reading →

Looking to succeed in credit markets? Diversity and a long time horizon can be your best friends

Close up of a hand using a stylus pen on a touch screen depicting a line graph with steep declines and inclines

Ever since the global financial crisis, we’ve found investors have been slow to diversify their fixed income portfolios, and for good reason: Mainstream corporate credit (including investment grade and high yield), have performed incredibly well, supported by declining interest rates, … Continue reading →

How risk appetite frameworks can be more than ‘tick-box’ exercises

Woman in a suit writing on a white board while a man in a suit and tie is reading the board

When we talk to board members of insurance companies, we often hear that risk appetite frameworks are too far removed from the day-to-day reality of conducting business and their only purpose is to satisfy regulatory or rating-agency requirements. But if … Continue reading →

Are you ready for peak 2018 hurricane season?

a car submerged under water

While current predictions indicate a relatively quiet hurricane season, particularly in comparison to last year, it only takes one major hurricane making landfall in a built-up area to create a significant loss, as we saw with Hurricane Andrew in 1992 … Continue reading →