Analysis – Page 3
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Analysis
Recall rates remained high in Q2 - Sedgwick
Corporates with global supply chains and a heavy reliance on efficient manufacturing are feeling the brunt
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Ransomware payments surge by 82%
Latest Unit 42 figures confirm the ransomware crisis continues to intensify, with the rise of quadruple extortion
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Lessons in risk from the Suez crisis
Suez, COVID and Brexit have challenged assumptions about the complex supply chain risks modern corporates must contend with
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Sedgwick predicts post-pandemic recall surge
Product recall events are on the rise despite ongoing operational challenges experienced by global car and OEMs
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Generation ERM
Part of the next generation of risk managers promoting the holistic approach, Sogefi Group’s Valentina Paduano believes it is time to rethink your methods
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Suez Canal blocked by container ship
It has the potential to create more than $40 billion dollars of trade disruption, with implications for retail and automotive sectors among others
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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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US GDP forecast to grow 4.2%
Atradius anticipates a ‘robust economic rebound’ following the change of administration, but cautions that downside risks still remain
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Liability solution targets motor manufacturers
Amid growing product recall risks, a 5-in-1 insurance solution has been developed for Asian automotive manufacturers
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Swiss Re and Daimler launch e-mobility MGA
“Movinx” will offer solutions for a sector being disrupted by technology and changing mobility service models
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How COVID-19 is reshaping the risk landscape
The pandemic will shape future loss trends with changes to working environments, travelling habits and supply chain networks, predicts AGCS
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DAY 2: Collaboration is key
Good data and trust are the cornerstones to successful co-creation, according to panellists at Airmic Fest.
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Five liability trends for a COVID age
Rising litigation; more costly recalls; civil unrest and the increased potential for indoor air quality claims are just some of the liability trends exacerbated by COVID-19
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Growth of electric cars brings host of new risks
More complex and costly repairs; new fire and cyber threats and potential recalls are among the new exposures - AGCS
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Striking the right balance
As economies restart after the COVID-crisis, there is an opportunity to embed sustainability into the recovery, argues Zurich’s John Scott
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COVID-19 will “enhance protectionism” - Control Risks
Companies will be pressured to ‘onshore’ their supply chains, predicts Charles Hecker
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Site closures pose fire risk - AGCS
The potential for damage from fire or lack of maintenance can increase in mothballed or idle production facilities and industrial plants
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COVID-19: Car firms switch to ventilators
As they deal with the “worst crisis ever to impact the automotive industry”, firms are adapting their assembly lines to produce ventilators and other medical equipment
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WEF: COVID-19 prompts new supply chain thinking
China seems to be seeing the light at the end of the tunnel of fighting the COVID-19 outbreak domestically, but there is much more work to be done for companies to resume normal productions and reconfigure their supply chains
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Insuring auto: It takes a partnership
When it comes to complexity of the supply chain, the car industry is in a league of its own. While Insurers can still do more to mitigate weak spots, the industry faces a rising protection gap, says Swiss Re Corporate Solutions’ Philip Brandl