Analysis – Page 10
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Analysis
Child labour an emerging supply chain risk
Organisations are urged to take action to root out child labour within their supply chains as numbers grow to 160 million worldwide
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Emerging risks and the “COVID effect”
Government support programmes have kept alive unviable zombie companies, while wealth inequality has broadened, finds Swiss Re SONAR
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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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Firms failing to anticipate emerging risks
Effective risk resilience is increasingly correlated to a firm’s viability and growth potential, finds Marsh
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Cyber tops risk concerns for financial firms
Analysis of $1 billion of insurance industry claims show cyber incidents, including crime, is the top cause of loss - AGCS
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Physical climate risk to test limits of diversification - Fitch
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks
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WTW launches climate transition risk framework
New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance
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COVID-19 continues to test supply chains
Pandemic is exacerbating trends such as cargo crime, man-made disruptions, and political protests, which all threaten supply chain resilience in 2021
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FERMA welcomes EU sustainability reporting proposal
FERMA calls on the Commission to employ corporate language in its standard, referring to enterprise risk management
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Supply chain professionals lack proper risk tools
Despite the growing fragility of a complex global supply chain, there is poor investment in risk management and ESG tools - IHS Markit
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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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Digital disruption tops banks' emerging risks
Untimely adoption may drive sudden changes to information security, change management, business continuity and third-party risk exposures
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StrategicRISK Q1 2021: A slice of the pie
Like so many of us, capitalism kicked off 2021 with something of an existential crisis. Is it time to call time on short-termism?
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COVID-19: Financial services firms seek resilience
The concept of operational resilience has grown as a result of the pandemic - global study
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Climate change to transform renewable risk landscape
Overcoming barriers to scale, regulatory scrutiny and potential future litigation are key challenges for risk managers in the sector
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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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Internal failures drive cyber claims frequency
Business interruption is the main cost driver behind cyber losses, accounting for around 60% of the value of all claims - AGCS
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Climate change analytics tool launched
Data suite from JBA will help global financial services firms plan for their future and understand possible flood risk under different climate scenarios
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H&M hit with record-breaking GDPR fine
The Swedish fashion house has been fined over €35m for breaching EU GDPR laws in a landmark ruling
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DAY 3: Three trends that will shape the world
Four experts at Airmic Fest identified longevity, digitalisation and climate change as three trends that will change the way we do business. Here’s how they’ll affect risk management.