Analysis – Page 3
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Analysis
Hospitality firms feel unable to control their risks
Strategic risks are mounting post-pandemic as firms cite fears around reputational risk and underinsured BI losses
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Analysis
Data of millions of JD Sports customers breached in cyber attack
The group has apologised to customers, calling on them to be ‘vigilant’ to the risk of fraud and phishing attacks
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Zurich teams up with South Pole to support clients’ net zero goals
‘Demand for climate resilience services has grown exponentially in recent years’, says global head
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Analysis
Financial services firms lack responsible AI strategies - study
71% of organisations state that AI ethics and responsible AI are not a core part of their operational strategies
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Analysis
Fintech Revolut appoints team to adjust culture
The company has confirmed it is in the process of updating its culture and value statement
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Demand for BII shoots up after COVID test cases
Insurance class to see a period of “growth and stability”, but appetite for pandemic cover remains muted
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Regulators to clamp down on greenwashing
Greenwashing allegations are becoming more common, and this trend is expected to accelerate, warns Clyde & Co
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Facebook’s Meta hit with hefty GDPR fines in 2022
EU businesses were fined over €830m for GDPR violations in 2022, with Meta paying over 80%
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Insurer targeted over controversial Adani coal project
Activists received a tip-off that Probitas1492 is insuring the Adani Carmichael’s thermal coal project rail line, haulage operation and port
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Analysis
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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Analysis
ESG is now a ‘key focus’ for risk managers - WTW
75% of European risk professionals believe their role in ESG initiatives and strategy should be active or more active
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When the lights go out
As Europe heads into a ‘Winter of Discontent’, how can risk managers plan for the worst, and coldest, of the energy crisis?
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Analysis
IIA highlights governance shortfalls at energy firms
Says sector must strengthen financial resilience to weather economic shocks after spate of insolvencies
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Analysis
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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Analysis
Taking a zero-tolerance approach to cyber hygiene
The drive to digitally transform is resulting in gaps and weak links in the fight against the cybercriminals
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Three in four large firms hit by cyber attack since 2019
Indirect losses, such as reputation damage or ransoms paid by an insurer, were actually often more costly than the initial incident itself
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Analysis
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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Analysis
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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Analysis
Ukraine ‘protection gaps’ must be addressed
Solutions for supply chain, reputation and other risks are needed to tackle ’seismic’ change - Lloyd’s and Aon