An enterprise risk manager’s view on how artificial intelligence (AI) can be implemented into day-to-day risk management tasks, taking care of the mundane so that risk professionals can deliver what AI cannot – expertise and judgement
Only 14% of organisations put a number on their biggest exposures, and just 19% use analytics to judge whether their insurance is worth the money. As risks multiply and every line of spend is questioned, analytics is becoming the way risk managers defend their budgets
The insurer’s head of commercial claims says that although employees are the ‘most important assets’ within an organisation, they are also ‘one of the points of greatest weakness’
As transformation becomes continuous, organisations need to manage the risks created by the journey as carefully as the destination. Effective change management means understanding the human pressures that can undermine adoption, from fatigue and overload to disengagement and a lack of trust.
Alistair Moodie, chief product officer at risk analytics platform SAMP Risk, discusses how heatwaves are impacting the power market, pinpointing that static surveys do not provide coherent enough data to support risk transfer
Chief executive emphasises that captives provide a useful tool as part of a multipronged risk strategy, where risk professionals can have greater oversight and influence over the short, medium and long-term management of risks
Rising temperatures are increasing heat exposure across ports, terminals and warehouses, including in regions where extreme heat was once unusual. TT Club says operators need to treat dehydration and heat stress as safety-critical risks rather than seasonal welfare issues.
Workplace injuries are common across film, television and theatre, yet many never appear in claims data. New research is examining the reporting gap and what could improve prevention.
FERMA’s Laurent Nihoul discusses the latest on EU Public Procurement Directives and the growing pressure to exclude insurance from Directives’ requirements.
FERMA and WBCSD are developing a common framework to help companies demonstrate the value of prevention, secure capital and protect insurance capacity