Sector Risks

Agriculture

Case study: How South Caernarfon Creameries is using sensors to tackle flood risk

South Caernarfon Creameries is an important employer in its region of Wales, however the business faced significant flood risk as a result of the river Afon Erch. Here’s how the sensors were used to mitigate the threats

How risk-sharing systems can help climate vulnerable countries

New research shows world’s most climate vulnerable countries could lose over 100% of GDP in 2024 from disasters that are insurable

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Chemical

Quick guide: How to manage Lithium-ion battery risks

Lithium-Ion batteries pose a significant fire risk for businesses. Adrian Simmonds, practice leader - property risk solutions at QBE Insurance, shares a ten-point checklist to ensure your business is protected

How to manage reshoring risks - a US case study

Former pharma risk manager and current P.E. integrated risk leader at Sigma7, Andrew Tait, looks at how reshoring changes the exposures faced by manufacturing companies in the US, and what global lessons can be learnt

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Communication, Media and Tech

Spotlight on: the unique risks facing dating app providers

Will insurers swipe right on covering dating apps’ unique risks? Chantal Kapani explores the threat landscape and the options for businesses looking for cover.

Spotlight on: Fake news risks and how to tackle them

Easy to produce, hard to stop. Risk managers must monitor and be prepared to act quickly when fake news claims target their business

More Communication, media and tech

Construction

Risk briefing: how the renewables sector can manage growing construction risks

As new projects and construction in the renewables sector ramps up, firms need a high concentration of risk management, insurance and claims expertise to prepare for an inevitable increase in losses

Spotlight on: construction risks in the education sector

Schools are facing new construction risks as a consequence of the drive for more sustainable building methods. Here’s what risk managers need to know

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Energy, Power and Utilities

Wind industry must urgently prioritise fire safety, amidst growing public concern

New research shows that pre-installing this technology is more cost-effective, saving wind developers and owner-operators at least $300k and up to $11m.

Sector focus: the growing threat of political risk to energy companies

Geopolitical risks continue to be an increasing threat to business and risk managers need to put in place systems that allow them to identify those risks, before it’s too late

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Financial Services

Cracking the code: How ERM helps venture capitalists hatch success

Venture capital firms must integrate ERM into their core strategies, to achieve better insight and control, says Volkan Can, enterprise risk manager of a global building materials company, and board member of ERMA, Turkey

Financial services firms increasingly concerned about the risks of implementing disruptive tech, including AI

UK financial services businesses must implement robust governance frameworks to tackle the growing risks created by disruptive technology

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FMCG

Spotlight on: product recall risks

As data shows that recalls are increasing across food, consumer products and automotive, we look at what risk managers can learn from the past and how to minimise the threats for the future

Spotlight on: Navigating risks in the food and beverage sector

In an industry where safety is paramount, companies in the food and beverage sector face unique challenges. John Turner, director of crisis management, global claims services business at McLarens explores how firms can tackle the threats

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Healthcare, Life Sciences and Pharma

Can risk prevention mitigate against the increase in cyber attacks on the public sector?

With cyber attacks on the public sector increasing in scale and volume, how can risk managers adopt an active model of cyber insurance

Regulators are cracking down on PFAS and risk managers must plan accordingly

The effects of PFAS chemicals are yet to be seen as health problems slowly come to light. BHSI’s Javier Villalba, explores the litigation landscape risk managers are facing

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Hospitality, Leisure and Travel

Skills shortage continues to challenge aviation - how the industry can respond

Experienced staff lost during pandemic cuts are proving hard to replace, impacting both profitability and safety in the aviation sector, writes Dele Fajimolu, senior executive, technical underwriting at the Lloyd’s Market Association

Risk briefing: Why is air turbulence getting worse - and what does it mean for aviation risk?

Recent high-profile air turbulence events highlight broader, long-term climate risks

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Manufacturing

The rise and rise of ‘China Plus One’ risk strategies

Companies are protecting their supply chain by diversifying beyond China and Southeast Asia is cashing in

Risk briefing: Experts predict an escalation in the US-China trade war - what it means for businesses

Risk managers must prepare for an escalation in the trade war between the US and China and the implications it would have for business operations

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Retail

Spotlight on: the risks facing the global retail sector

Many have rung the death knell for retail over the years, but the sector isn’t dying – it’s just changing. Retail risk managers have their hands full, managing disruptors like AI integration and the next generations’ consumer habits, alongside supply chain issues and loss prevention. Trevor Treharne reports.

Case study: How Lendlease put people front and centre during the Fukushima nuclear accident and earthquake

The 2011 Fukushima nuclear accident and preceding earthquake and tsunami devastated the region in a matter of hours. Managing Lendlease’s risk response from the region, Kevin Bates describes putting a pause on other business concerns to focus on what mattered most – people.

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