Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These risks stem from a variety of sources including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.
A successful risk management program helps an organization consider the full range of risks it faces. Risk management also examines the relationship between risks and the cascading impact they could have on an organization’s strategic goals.
To reduce risk, an organization needs to apply resources to minimize, monitor and control the impact of negative events while maximizing positive events. A consistent, systemic and integrated approach to risk management can help determine how best to identify, manage and mitigate significant risks.
EIOPA’s Insurance Risk Dashboard: European insurance sector’s risks remain stable at medium levels, with some vulnerabilities linked to market volatility and fluctuating real estate prices
Reduced investment in supply chains lowers their resilience to natural disasters, unexpected technology outages, and political events, increasing the risk
The top risks for the insurance industry reflect the sector’s rapidly changing nature while at the same time reinforcing its critical role in protecting global businesses
The IAIS performed trend analysis on insurance data and used the outcomes for the overall assessment of evolution of systemic risk
The allure of establishing an international insurance company lies in its potential to reach a more diverse customer base and increase profitability
Allianz Risk Barometer incorporates the views of 2,712 respondents from 94 countries and territories. Elevated levels of disruption to continue as dangers
Many insurers around the world have taken significant steps to build an organizational infrastructure addressing the multitude of challenges posed by ESG
G20 business leaders are more focused on short-term economic concerns – like rapid inflation, debt crises, and the cost of living crisis – than on environmental and cyber risks
Risk management is the process of identifying, assessing and responding to/mitigating risk events. Organisations must understand the probability and potential severity of loss events
Global business insolvencies are expected to rise +19% in 2023 and +18% in 2024, a significant rebound after two years of decline
Amongst the growing number of challenges facing insurers is the important – yet often overlooked – consideration of foreign exchange (FX) risk management
The War in Ukraine has once again demonstrated the devastating toll that a systemic event can have on the global risk landscape
Since the start of the Russia`s War in Ukraine, the global (re)insurance industry has been working to help those affected by the conflict
Global Risk Management Survey illustrates traditional and emerging corporate risk portfolio and collates responses of 2,300 risk managers from 16 industries
