Analysis – Page 11
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Analysis
Prince Charles and global insurers join forces on climate change
Lloyd’s chairman says that ’partnership and accelerated action’ can help address ‘unprecedented’ climate change risk
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AIR updates US terrorism model
New version more comprehensively models the extent of damage from conventional bomb blast attacks
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Rome to feel as hot as Agadir, Morocco, by 2050
European cities will increasingly experience pressure on power and water supplies due to regular heatwaves, warns Verisk Maplecroft
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Analysis
UK ill-prepared for climate change - CCC
Report emphasises need for risk mitigation as nearly 60% of risks and opportunities are given the highest urgency score
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GDPR fines nearly €300 million
The EU has issued a total of 648 penalties since the regulation was introduced three years ago
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Analysis
Russell releases port disruption scenarios
Around $7.5 trillion of trade is concentrated in 50 major ports, with potential for major supply chain disruption
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Climate: Tide turns on energy firms
After Shell and ExxonMobil, why climate change in major emerging markets could be next legal battleground for energy firms
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Analysis
Firms stuck in ‘response’ mode - Deloitte
Over half of organisations have faced a risk incident due to third-party failure during COVID-19 pandemic
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Analysis
Ransomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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Colonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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Financial sector grossly underreporting climate exposure
Just a quarter are reporting portfolio emissions, which are on average 700 times higher than direct emissions
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COVID-19 a “foretaste” of climate shocks
Effective governance is at the heart of addressing climate risk and transitioning to a low carbon economy - Clyde & Co
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Energy sector undergoes rapid transformation
WTW report highlights the importance of using risk quantifications and analytics to conduct energy transition initiatives
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WEF: Scenario planning for Industry 4.0
The rapid pace of technological change and pandemic crisis is accelerating trends; making risk forecasting more challenging
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Generation ERM
Part of the next generation of risk managers promoting the holistic approach, Sogefi Group’s Valentina Paduano believes it is time to rethink your methods
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Analysis
Power and utilities gain dedicated cyber cover
Product includes cover for property damage and fines and defence costs arising from regulatory actions, including GDPR
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Analysis
Fitch: Insurers are “green economy enablers”
The ability to channel investment into sustainable projects is viewed as a sizeable growth opportunity for the insurance sector
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Analysis
Renewables see 300% rise in extreme weather losses
Wildfire, floods, hailstorms and windstorms are damaging solar and wind projects with greater frequency and severity, finds GCube
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Analysis
Allianz Risk Consulting names global head
Thierry Portevin will head up the risk consulting team, which is made up of engineers from a wide range of technical and scientific disciplines
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Analysis
US winter storm claims to exceed $10 billion
In Texas, claims could surpass Hurricane Harvey, with rolling power cuts hitting manufacturing and energy firms, according to AIR Worldwide