Analysis – Page 3
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Analysis
UK’s Pool Re welcomes new duty of care Law
Locations with a capacity of 800 or over will require a risk assessment and implementation of a security plan
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Analysis
ESG presents ‘significant exposure’ for D&Os
Fallout from a global recession, lax cyber security and an uptick in litigation are other key risk drivers for 2023
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Analysis
2023 a “gamechanger” for European class actions
New EU directive will make it easier for individuals to take part in collective redress actions, warns Clyde & Co
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Airmic: Supply chain crisis calls for innovative risk transfer
Association’s new toolkit asks 12 key questions to help directors keep pace with an increasingly complex risk landscape
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Cyber will be the biggest risk code for Lloyd’s in 2023
CFC’s chief underwriting officer says cyber insurance has ’had to grow up’, but balancing regulation and value propositions is tricky
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FCA fines Julius Baer £18m over ‘corrupt relationship’
Regulator bans senior executives after the bank’s ”improper” deal with an employee at a bankrupt Russian oil group
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Heightened risk of being caught in cyber crossfire
2023 will see continued geopolitical tensions, stronger regulation and an AI-shaped revolution - Infosecurity Europe
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Details emerge from South Staffordshire Water data breach
It is understood the data stolen in the cyber-attack is visible on the dark web raising concerns about identity theft
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IoD: Impending recession now part of British business mindset
Directors’ Economic Confidence Index has falled to its second lowest figure on record
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Analysis
Ferma: Boards need risk managers’ help on sustainability
More in-depth knowledge of sustainability issues in business operations is becoming imperative, says risk association
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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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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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How exposed is your supply chain to modern slavery?
80% of the global population – some 6.25 billion people - live in regions where there is a high or extreme risk of modern slavery
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Analysis
Legal claims against insurers surge by nearly 280%
Corporations are now more than three times as likely to have to sue insurers to get their claims paid, finds Mactavish
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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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Climate change: Fatal distraction
This year’s StrategicRISK survey shows climate-related risks are the ‘in’ thing for boards, but for how long?
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RAW2022: Risk governance and the board
Norman Marks offers some key questions for the board as Risk Awareness Week 2022 gets underway
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Extreme climate losses 30x more likely at exposed premises
Research from FM Global shines a light on the vulnerability of commercial properties which lack resilience
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Prioritising ESG improves legal, regulatory risk
As tighter regulation comes into play, firms must extend their focus around ESG internally and within their wider value chain
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Analysis
Marsh extends ESG-led D&O capacity to European firms
Decision follows an increase in European Union regulation concerning ESG and sustainability reporting