All resilience articles – Page 12
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Analysis
COVID erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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BoE launches climate stress test for banks, insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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Cloud outage highlights need for operational resilience
Multiple major websites went offline on Tuesday after an hour-long outage at the cloud service company Fastly
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FERMA postpones physical conference to 2022
In place of a virtual event, FERMA will host a series of virtual events between 11 and 12 October 2021 under the theme: ‘’From risk to resilience”
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Denmark, Norway most resilient nations - FM Global
Climate risk is an increasingly important factor for companies and leaders making strategic decisions
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Russell releases port disruption scenarios
Around $7.5 trillion of trade is concentrated in 50 major ports, with potential for major supply chain disruption
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Firms failing to anticipate emerging risks
Effective risk resilience is increasingly correlated to a firm’s viability and growth potential, finds Marsh
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AXA’s Asian operations hit by ransomware attack
It comes a week after the insurer said it would be dropping extortion payments when underwriting cyber-insurance policies in France
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Ransomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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Environmental risks, climate change threatens megacities
Firms must align climate risk assessments with the recommendations of the TCFD to build greater resilience - Verisk Maplecroft
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Hail drives US cat losses in April
Western and central regions of Europe experienced a significant cold spell within the first week of April, with temperatures well below freezing
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FM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
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Cloud dependency brings systemic risk potential
During the last six months, Amazon, Google and Microsoft Azure have all experienced significant service outages - CyberCube
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Terror risk grows as lockdown eases
Public transport and facilities remain an attractive target for terrorists as passengers return, warns Pool Re
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WTW launches climate transition risk framework
New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance
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FERMA welcomes ‘Open Insurance’ initiative
A more transparent commercial insurance market will have “tremendous value” for risk and insurance managers
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Geneva Association urges action on pandemic backstop
Governments must take on role of insurer-of-last-resort in future pandemic risk solutions, finds thinktank
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Financial sector grossly underreporting climate exposure
Just a quarter are reporting portfolio emissions, which are on average 700 times higher than direct emissions
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Sedgwick in flood resilience push
A combination of recoverable and resistant measures for properties could avoid the high cost for future floods
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Global climate stress test launches on Earth Day 2021
World economy set to lose up to 18% GDP from climate change if no action taken - Swiss Re Institute