Analysis – Page 14
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Analysis
BI and pandemic top Allianz Risk Barometer 2021
Pandemic is a “reminder that risk management and business continuity management need to further evolve”
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Analysis
US braces for Inauguration Day violence
The FBI warns of violence ahead of Joe Biden’s Presidential inauguration, but heightened security may defer the risk
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2020 warmest year on record for Europe
The Northern Hemisphere experienced above average temperatures and an unusually active wildfire season
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COVID-19 tops travel risks for 2021
Violent crime, political instability, severe natural disasters and social unrest are among the other threats to companies and their staff
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Six business risks for 2021
The need for robust organisational resilience plans and resources to ensure employee wellbeing are essential in the ‘new normal’
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Catastrophe losses cost insurers $83 billion in 2020
Losses from secondary peril events are forecast to increase, driven by climate change - Swiss Re sigma
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Supply chains: Building climate risk resilience
Supply chains are particularly vulnerable to climate risk, as many global production systems are focused on ensuring efficiency over resiliency
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Climate change: Time for alliance
Experts at Airmic’s virtual Climate Change forum had a message of hope as they identified more joined-up thinking on the climate challenge
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Takeaways from the 2020 Atlantic Hurricane season
A warming climate meant hurricanes were more intense and more property was at risk - FM Global
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StrategicRISK Q4 2020: Twenty years in risk!
When StrategicRISK was born, few could have anticipated the world of risks we would be facing 20 years on
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Nat cat loss tally rises in October
Economic losses from devastating floods in southeastern France and northwestern Italy in October are expected to reach €2.7 billion
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Hard market: “Start renewals early”
Risk managers should start their renewal process early and manage their expectations as the hard market plays out, advises FM Global
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Analysis
Hurricane Zeta claims to reach $4.4 billion
At landfall in Louisiana, Zeta was just shy of a Category 3 storm with one-minute sustained wind speeds of 110 mph
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Hurricane Zeta bears down on Louisiana
Currently, Zeta’s track is a direct landfall for New Orleans, with the storm taking a similar path to Hurricane Katrina in 2005
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Restoring mangroves to build coastal resilience
Globally, mangroves reduce flood damages by $65 billion every year; insurance solutions are critical to post-storm restoration
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Wide area damage principle is key to quantifying BI claims
An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector
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Terrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
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Hurricane Delta claims up to $3bn - AIR
Hurricanes Laura and Delta made landfall roughly 12 miles and six weeks apart on the Louisiana coast
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Greece and Portugal count cost of September storms
Medicane Ianos brought rough seas, damaging winds, and flooding rainfall to western and southern regions of Greece
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How COVID-19 is reshaping the risk landscape
The pandemic will shape future loss trends with changes to working environments, travelling habits and supply chain networks, predicts AGCS