Analysis – Page 7
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Analysis
Rising global risks to impact business travel in 2023
The Ukraine conflict is impacting both the country and bordering regions in a number of ways - International SOS
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Third of internal auditors yet to adopt data analytics
Audit body argues that advanced analytics is the key to navigating an increasingly volatile risk landscape
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Where there’s a will, there’s a way
Highlights from the World@Risk Climate Change and ESG Forum
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Democracy under fire in a third of countries
China and Saudi among the top ten highest risk countries; shows the “prominent role” of authoritarian regimes within the global economy
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Europe’s captives ‘show their worth’ through challenging market
AM Best has observed an uptick in the use of existing captives in response to the hardening market conditions
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Analysis
RIMS supports proposals for US cyber insurance backstop
Federal risk pool proposed to insure large-scale catastrophic cyber incidents must be well crafted, says risk association
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Inflation drives up cost of vessel, cargo repairs
The rising prices of steel, spare parts and labour are all factors in the increasing cost of hull repair and machinery breakdown claims
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Analysis
Buyers call for clarity over cyber war exclusions
Zurich-Mondelez dispute highlights need for insurers to be clear on ‘war’ cover with customers
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Putin’s legacy: A new era of geopolitical volatility
Global stability is ”unravelling” as we approach 2023 and will see significant flashpoints in Europe and over Taiwan - Dragonfly
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Analysis
US-China trade war is top geopolitical risk for 2023
Risk managers in strategic and high-tech sectors must monitor efforts to decouple critical supply chains - Control Risks
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Rethinking food and drink supply chains
With growing vulnerability to extreme weather and geopolitical threats, the industry needs new risk transfer solutions, finds report
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Tata Steel wins RIMS ERM global award
Roads and Transport Authority of the United Arab Emirates and Kuwait Petroleum International also honoured for ERM success
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Analysis
German insurance managers welcome Extremus extension
The German terrorism risk backstop has been given state backing for a further two years
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The ‘S’ in ESG: Why, what and how
ESG is increasingly important, but the neglected ‘S’ needs attention, Zurich CEO for Asia Pacific tells PARIMA conference
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How inflation is compounding business interruption
As rising costs fuel higher insured losses, risk managers will get preferential treatment for their organisational resilience
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WEF: Near-term crises dominate risk agenda
Environmental and cyber risks are being overshadowed by short-term economic concerns for G20 business leaders
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Sovereign debt downgrades grow as inflation bites
Ukraine crisis and inflation lead to 34% increase in sovereign debt downgrades in past year
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Ransomware: Business is booming
Ransomware is forecast to cause $30 billion in damages by 2023, warns AGCS
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Analysis
Global commercial insurance rates up 6% in Q3 - Marsh
Globally, cyber insurance pricing increased 53% in Q3, with hikes of 66% in the UK
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Analysis
Green transition to drive construction growth of $5.6 trillion
Energy transition and green investment will be major contributors to infrastructure growth over the next 15 years