Analysis – Page 8
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Analysis
Zurich teams up with South Pole to support clients’ net zero goals
‘Demand for climate resilience services has grown exponentially in recent years’, says global head
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Analysis
Swiss Re CorSo promotes CRO Arquint to EMEA CEO
She replaces Fred Kleiterp, who is leaving the company to become European general manager at Beazley
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Governments are boosting domestic supply chains - BSI
New regulations emphasise financial sustainability as firms grapple with trade disruption and inflation
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Analysis
Supply chains have not fully recovered from disruptions
A shortage of skilled labour is a compounding concern within construction, manufacturing and healthcare
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Business leaders caught in “onslaught of interconnected risks”
Economic concerns top Aviva’s risk index, as net business confidence in the UK economy plummets
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Analysis
EU introduces raft of cyber legislation amid ‘red tape’ warnings
Latest ransomware victims include a German children’s food manufacturer and a global Tier1 automotive supplier
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Renewable energy sector faces ‘new trilemma’
Unsettled macroeconomics, energy demand and net zero pressures are escalating risk management and ESG as key issues
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Emerging risk must be the responsibility of all
Insurance sector must ‘stay curious and think ahead’ to cope with emerging risks, rather than simply passing the buck to other industries
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Financial services firms lack responsible AI strategies - study
71% of organisations state that AI ethics and responsible AI are not a core part of their operational strategies
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‘Green shoots’ as insurance pricing begins to soften - Airmic
The pace of increase in directors’ and officers’ liability insurance premium rates is slowing
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Fintech Revolut appoints team to adjust culture
The company has confirmed it is in the process of updating its culture and value statement
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IoT explosion presents massive (and growing) cyber exposure
Just 4% of experts worldwide are “confident” that connected devices are properly secure, warns WEF
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Allianz Risk Barometer: Fallout from global crises dominates survey
Inflation, financial market volatility, a looming recession and the energy crisis are top risers for 2023
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Davos: Pressures on food, energy and inflation may be peaking
But growth prospects remain “bleak” in Europe and geopolitical tensions will continue to shape the global economy
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UK’s Net Zero Review calls for business incentives
Firms must be encouraged to invest in decarbonisation, says review, as IoD asks for leadership from government
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Analysis
Recession to prompt rise in claims and disputes
Law firm cites climate change, ESG and cyber exclusions as key sources of concern for insurers
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Analysis
Crowe names Alex Hindson head of sustainability
He joins from insurer Argo Group, where he was chief risk and sustainability officer
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Banking CROs face ‘torrent of interwoven complexities’
Cybersecurity is the main risk globally for three out of four banking CROs, while geopolitics tops concerns for those in Europe
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Cost of living crisis tops WEF Global Risks 2023
Geopolitical rivalries and inward-looking stances will heighten economic constraints going forward
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“Hopes of a Net Zero future are fading” - WEF Global Risks
We are heading towards ”a slower and more disorderly climate transition” as short-term crises take precedence