Analysis – Page 18
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Analysis
Study exposes ‘blind spots’ in risk preparations at sports stadiums
Ahead of the World Cup, a research paper highlights common causes of severity loss and key risk management lessons
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Analysis
Fitch slashes global GDP forecasts on supply shocks, faster rate rises
The rating agency now expects world GDP to grow by 2.4% in 2022 and by just 1.7% in 2023
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EU’s proposed Cyber Resilience Act a ‘strong start’
However, the proposed regulation for smart devices need amending to avoid stifling innovation with high compliance costs
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Analysis
The end of globalisation is nigh, warns Russell Group
Industry must brace for profound changes ahead as economies shift away from globalisation after three decades
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Analysis
ECB delivers largest hike in over 20 years
Central bank takes action to curb inflation, enacting the largest single interest rate hike since 1999
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Analysis
sigma study examines risk in a multi-polar world
“Friend-shoring” and reshoring of supply chains, investments in green energy and mitigating a food crisis will shape the risk landscape
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Analysis
Summer 2022 Europe’s hottest on record
An intense series of heatwaves across Europe paired with unusually dry conditions have led to a summer of extremes - C3S
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Analysis
Pace of energy transition must accelerate, urges aream Group
Growing concern over Europe’s energy security and increasing weather extremes means that ‘time is pressing’
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Analysis
Heat stress to threaten over 70% of global agriculture by 2045
This could trigger a host of secondary impacts, from civil unrest and political instability to mass migration and human rights abuses
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Analysis
Power sector faces rising rates amid volatile risk landscape
Power insurance market will harden further due to constrained capacity and a ‘disappointing’ loss record - WTW
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Analysis
Risk managers should ‘pick recovery over replacement’ to aid sustainability
As sustainable approaches burgeon in importance, risk managers have been urged to focus on recovery measures when disaster hits
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Analysis
IoD urges UK government to speed up net zero transition
Calls for tax incentives to support the business transition and reduce dependency on fossil fuels
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Insuring the transition
The industry has a ‘once in a lifetime’ chance to support the transition to Net Zero. So what are we waiting for?
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Analysis
Why we should have seen the energy crisis coming
Energy investments are long-term and highly capital-intensive. One simply cannot click a switch and expect to solve the problems of today, argue Grant Griffiths, Dylan Campbell, and Alexander Larsen
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Analysis
Battery fires in shipping a significant safety issue
All parties in the supply chain must understand and mitigate risks of transporting lithium-ion batteries - AGCS
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Analysis
Demand for trade credit cover will increase even as appetite reduces – Aon
Supply chain issues, inflationary pressures and geopolitical uncertainty contributed to the market’s challenges in Q2 2022
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Firms underprepared for Ukraine impact - Mactavish
Inflation, underinsurance and the impact of sanctions and war exclusions are just some of the challenges
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Analysis
Firms face underinsurance as construction costs rise
Raw material shortages and rising energy costs are causing building costs to skyrocket, potentially leaving business out of pocket
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Analysis
Ukrainian grain insurance facility secures first placement
Marine cargo and war facility has been extended to clients of Lloyd’s brokers
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Analysis
Insurance facility launches to cover green and blue hydrogen project risks
Investment in green and blue hydrogen initiatives is estimated to exceed $150 billion by 2025