Global commercial insurance prices increased 22 percent in the fourth quarter of 2020, according to the Global Insurance Market Index released by Marsh. The increase, the largest since the index was launched in 2012, follows year-on-year average increases of 20 percent in the third quarter and 19 percent in the second quarter of 2020.
Board members and C-suite executives around the globe are most concerned in 2021 with risks associated with COVID-19-related government policies and regulations, economic conditions that may restrict growth, and market conditions that may continue to impact customer demand, according to a new survey
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.
We cannot manage the complexity of risk today the way we managed risk in the past. Yesterday’s models, methods and ‘best practices’ while minimally useful, do not readily apply to managing risk in the future say Geary W. Sikich and Sara Robertson. In this article they explain their viewpoint…
By 2025, 40 percent of boards of directors will have a dedicated cyber security committee overseen by a qualified board member, up from less than 10 percent today, according to Gartner, Inc. This is one of several organizational changes Gartner expects to see at the board, management and security team level
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.
In a new report, ‘Reprioritizing Risk and Resilience For a Post-COVID-19 Future’, Aon has released the results of a global survey, finding that COVID-19 has shown that it will be imperative for businesses to reprioritise risk and to innovate and explore new risk management strategies.
Imperva researchers monitored an unprecedented 93 percent rise in the exposure of information through online data leakage attacks in 2020 - incidents where data was transmitted from an organization’s corporate network to an external destination, whether accidentally or deliberately, without authorisation.
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.
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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.
