Analysis – Page 8
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Digital health sector overexposed - survey
More than two thirds lack insurance coverage for bodily injury claims arising from system failure or cyber breach
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DIY crisis toolkit launched for SMEs
It is designed to help small businesses save money and protect their reputations in time of crises
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Ikea France on trial over spying claims
Former head of Ikea France’s risk management department, Jean-François Paris, is among those accused
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Sedgwick outlines European recall trends
Product recalls will be “inevitable” as consumer electronics see a resurgence in 2021
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ABI: Insurers took reputational hit on COVID
Speaking at the association’s virtual conference, director general Huw Evans said the industry had to ”learn the lessons” from the FCA test case
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WTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure & hospitality, manufacturing, retail and transportation sectors
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COVID-19 prompts “evolution in risk management”
Prior to COVID-19, a pandemic/health crisis was not a ‘top ten’ risk for 82% of firms globally - risk survey
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Lloyd’s offers AI-enabled reputational risk cover
Product helps mitigate the risk to profitability posed by reputational crises and offers real-time threat insights
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Nat cat losses cost $268 billion in 2020
Just 36% of the losses were covered by insurance, creating a protection gap of 64%, according to Aon
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72% of risk managers responsible for reputation
As a largely uninsurable risk, risk professionals are seeking metrics to better measure, monitor and manage reputational risk
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WEF: No vaccine for climate change
In 2020, the world saw the catastrophic effects of ignoring long-term risks such as pandemics - WEF Global Risks Report 2021
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Service to measure cyber ‘human error’ risk
The Workforce Cyber Culture Assessment assesses people risk and the impact of business culture in a cyber context
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Willis Towers Watson to leverage AI for emerging risk solutions
Airmic welcomes broker’s partnership with analytics firm Polecat, which ”signals a new generation of innovative risk management solutions”
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Terrorism: West Africa a new hotspot
Increased instances of human rights violations by security forces pose a major reputational risk for some firms
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Using AI to manage supply chain risk
As much as 43% of third-party relationships are not subject to any form of due diligence checks, finds Refinitiv
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BoE: Climate disclosures will become mandatory
Setting out pathways to mandatory TCFD disclosures should be a “priority” for public authorities, according to the Bank of England
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DAY 3: Reputational risk
Uncertainty is stoking much of the fear surrounding reputational risk and its potential sources
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DAY 2: Getting a grip on intangibles
Lockdown has prompted significant investment by many companies in intangible assets, as they adapt to the new environment. This includes human capital and digital platforms, according to a live Q&A at Day 2 of Airmic Fest.
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Closing the gaps on reputational risk management
Airmic, RIMS and RepTrak have released a joint report on future of reputational risk, following interviews with leading risk leaders in the US and Europe
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StrategicRISK Q3 2020: A more mindful business
As lockdown restrictions lift, organisations must carefully manage the safety, mental health and wellbeing of their staff. It’s the right thing to do, and it’s good for business.