During a time where business resilience and innovation is core to organizational survival, a new study commissioned by Dataminr has found that only 29 percent of companies feel confident that they have technologies to accurately obtain an early view of unexpected events.
A trio of COVID-19 related risks heads up the recently published 2021 Allianz Risk Barometer, reflecting the potential disruption and loss scenarios that companies are facing in the wake of the pandemic.
Traditional enterprise risk management models based on analysis of historical trends are no longer valid in isolation, and agile adaptation to changing circumstances in a new enterprise resilience management model is now required for organizational survival and success says Resilience First.
In its recently published 2020 Reputational Risk Survey, Willis Towers Watson found that 86 percent of clients are concerned about loss of income and a reduced customer base due to reputational risk.
On Friday 15th January the UK Supreme Court made the final ruling on a long running legal process concerning whether insurers needed to pay out on tens of thousands of business interruption claims from organizations impacted by pandemic-related losses.
As the pandemic crisis and lingering economic and political volatility increasingly threaten businesses and recovery globally, WomenCorporateDirectors Foundation (WCD) is seeing many companies consider establishing a stand-alone board risk committee.
Although dealing with COVID-19 has understandably been the focus of many businesses over the past 12 months, businesses focussed on ensuring long-term resilience must look beyond this single threat says Andrew Bryson, Operations Senior Vice President at FM Global.
Control Risks has released its RiskMap 2021, which includes an assessment of the top five global risks facing organizations and how they may develop through 2021.
The COVID-19 pandemic and its devastating consequences caught plenty of organizations off guard. While it can be difficult to contemplate the next big crisis in the midst of the current one, this is exactly the time to look ahead to minimize any future surprises, says Jim Wetekamp, and topping many experts’ lists of the next big crisis is climate change.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
