Operational Risk – Page 4
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AnalysisRethinking 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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AnalysisWhen production grinds to a halt
Companies in highly-regulated sectors are demanding new risk transfer solutions for the disruption caused by regulatory intervention
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AnalysisFrom 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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Expert ViewsExpert view: Managing business interruption in the intangible economy
The risks of non-physical damage business interruption will likely increase as more businesses become asset light. So, what can risk managers do to ensure they capture and manage the risks? Thomas Keist, Head of Marketing, Innovative Risk Solutions at Swiss Re Corporate Solutions, has this advise.
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AnalysisHow risks to intangible assets could harm profits and revenue
The rise of the intangible economy could amplify your risks causing long-term loss in revenues and profits, so what can you do about it? Hans Laessoe, principal consultant at AKTUS and former senior director of risk at the LEGO Group, has this advice
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AnalysisLess than two-thirds of businesses worldwide are confident about their ability to manage risks to business growth
Confidence levels vary dramatically from 39% in the UK to 70% in Continental Europe as protectionist economic policy threatens to undermine companies’ international growth ambitions
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AnalysisTraditional risk management concerns prevail in global corporations
Traditional financial and operational performance top global risk management concerns over the next 12 months, while much-publicised issues such as environment, tax and diversity lag well behind
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AnalysisStrategicRISK's top 10 worst risk incidents of 2018
From Brexit uncertainties to US trade wars; the Carillion collapse to Telsa’s threat on Germany’s automotive industry, when it comes to global risk, reviewing the year that’s been can feel like revisiting a lot of bad news. But the good news? There are many risk lessons to be learnt
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AnalysisBreaking up is hard to do
Businesses are largely still in the dark over exactly what Brexit Day will bring next March, but practical plans need to be devised and enacted now. And risk managers must be central in preparing for every eventuality, deal or no deal.
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AnalysisBrexit: choppy waters for supply chains
However Brexit plays out, the impact on international trade is likely to be great. As forecasted border delays threaten to sink UK manufacturing, supply chain managers are acting now.
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AnalysisCan we still have an international programme even if some of our subsidiaries want to opt out?
Zurich’s head of international sales and distribution, Fernando Danes, explains why international programmes are perfect for your business.
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AnalysisRenewed hope for 'palatable and affordable' insurance with new cyber risk pool
Following news that Singapore will set up the world’s first commercial cyber risk pool, StrategicRISK spoke to Star Hub’s Nigel Tay to get his thoughts on what this really means for risk managers in the region.
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AnalysisIn the wake of Grenfell, "we must all learn something"
Tougher codes and penalties are putting pressure on the building industry’s insurance cover, while raising questions over how far down the line liability should go
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AnalysisCarillion: “Recklessness, hubris and greed”
As a company, Carillion did practically everything wrong, yet its sudden demise has sent shockwaves through the business community. As regulators trawls through thousands of documents with a view to taking disciplinary action, the inevitable result is an intense scrutiny of directors and officers liability and transparency
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AnalysisCounterfeit risk far from sweet
As counterfeit risk becomes more difficult to detect, risk managers face a difficult challenge to mitigate risk. How is counterfeit risk evolving? What lessons can companies learn from the honey scandal and similar cases? And what is the best way to mitigate counterfeit risk?
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AnalysisCarillion collapse: the lessons learnt in supply chain risk
How the collapse of construction giant Carillion highlighted many issues within construction supply chains, including the opaque nature of subcontractor networks
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AnalysisShould operational risk managers be in the first line of defence?
The ideas behind this would be that ‘risks are managed where they occur’. It’s a complicated question, but an uncomplicated answer – in short, no, according to risk thought leader Chris Corless
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AnalysisHow do you justify investment in more risk resources when the results are hard to measure?
Mark Wilson, director, 20-20 Risk Advisory & Insights examines whether risk can be linked to ROI
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AnalysisFrom Heathrow to Crossrail: the future of tunnelling
Cedric Wong, senior underwriter, Swiss Re Corporate Solutions, recalls how a series of tunnel collapses sparked the creation of a new best practice code 15 years ago and asks if it is still fit for purpose
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AnalysisBuilding Metro de Lima: turning vision into reality in the City of Kings
How geological and other challenges are being overcome in The Metro de Lima project in order to bring a much needed transportation system to Peru’s capital city
