Analysis – Page 6
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Analysis
Insurers braced for Thomas Cook claims as travel firm goes bust
The travel agent is being supported by the Civil Aviation Authority
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Analysis
The future for parametric insurance is bright
Germany’s demand for parametric insurance is growing, but its benefits extend beyond weather-related events, writes Thomas Keist, Innovative Risk Solutions director; and
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The Cathay Pacific breach: a lesson in managing data protection risks
In June, the aviation industry suffered one of the largest known data breaches in recent history when the personal data of 9.4 million Cathay Pacific passengers was compromised. Mark Parsons, Mark Lin and Byron Phillips from Hogan Lovells in Hong Kong unpick the lessons to be learnt
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Will cyber policies cover huge GDPR fines facing British Airways and Marriott International?
The penalties come two days after British Airways was fined £183m by the Information Commissioner’s Officer for a separate data privacy breach
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Analysis
Brexit consequences for Lufthansa Group
Martin Gary, managing director and risk manager for the airline’s in-house broking company talks about how he is preparing for a hard Brexit
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How to claim it from the weatherman
Almost nine out of ten businesses are impacted by the weather. In other words, the fortunes of 88% of companies depend on meteorological conditions.
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Brexit deadline extension could cost firms big
For Carl Leeman, the chief risk officer of logistics firm, Katoen Natie, Brexit plans for his business are underway. But he warns that the extension, while better than no deal, will significantly bump up operational costs for most companies
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Analysis
How would you risk-manage the Ethiopian Airlines crash?
Investigations are on-going as to what caused the disaster but what has ensued so far are a range of crisis risks, from reputational damage to share price loss. Risk managers offer their views on how they would lessen the impact
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Analysis
Why we’re taking our #ChangingRisk campaign to the Wildside!
We want our #ChangingRisk campaign to inspire you to rethink old practices, push past common misconceptions and help elevate risk management to its full potential. Be part of the change
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Analysis
StrategicRISK Europe Q1 2019: Let’s head to the wild side
We want our #ChangingRisk campaign to inspire you to rethink old practices, push past common misconceptions and help elevate risk management to its full potential. Be part of the change.
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Analysis
Better decision making through risk visualisation
Alexander Larsen & Ghislain Giroux Dufort of Baldwin Global talk through how risk managers can use risk management as an effective decsion making tool.
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Analysis
Marriott cyber attack: could it have been prevented?
The hotel chain was hit by a significant cyber hack, affecting 500,000 customers, who had sensitive data stolen, including names, addresses, dates of birth and passport numbers. From IT security, due diligence to cyber insurance, risk managers draw out lessons for the future
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When reputation is at stake
An important part of any risk management plan should incorporate crisis management planning should something go wrong, writes the Institute of Risk Management’s Victoria Robinson.
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Analysis
Managing the risks of the on-demand and sharing economies
In the sharing and on-demand economies, customers have the upper hand, and they are using this to drive prices down and standards up. Companies must be proactive as they enter a whole new world of risk.
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Intangible risk a tangible threat
Do you know the value of intangible assets on your balance sheet? If not, read on. StrategicRISK spoke to EverEdge chief executive officer, Paul Adams to find out why this little-known risk could bring down your firm in a heartbeat.
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Analysis
Rethinking business interruption for 21st century businesses
In a hyper-connected and globalised world, businesses are increasingly at risk of disruption by major events on the other side of the world. But does traditional business interruption (BI) insurance respond in these scenarios?
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From asset heavy to asset light: risk-managing AirAsia’s new digital business
Suchitra Narayanan, group head of risk and insurance, AirAsia Berhad, explains why the low-cost airline made the shift from being asset heavy to asset light and how the company’s risk profile has changed as a result
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Analysis
Primark and Grenfell Tower fires: are risk managers taking their eyes off the ball with fire risk?
After 10 or 15 years of declining incidence of fires, two large-scale property fires in Europe attracted widespread attention because of the enormity of the damage. This begs the question, are risk managers resting on their laurels when it comes to traditional risks, focusing too much on emerging risks?
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Analysis
Loss in brand equity, data theft, and lack of technological innovation, named top three risks
During a live poll at StrategicRISK’s risk and digital revolution, risk managers mapped out the effectiveness of risk controls in managing the biggest threats for business across the Asia-Pacific region
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Analysis
Behind GVNW’s board, part 5: Matthias Beck – the power of networking
A network of valued colleagues and early nights are some of the ingredients to success, says the head of group insurance and risk management global supplier of fastening materials company, Würth Group