Risk Management News

A Look at Risk. Are New Risks Really New?

“The more it changes, the more it’s the same thing.” Alphonse Kerr “It’s like deja-vu, all over again.” Yogi Berra The world is undergoing a pace of change unlike anything that we’ve experienced in history. Most of that change is …

SMEs Need to Ready for Cyber Battle: Endeavour’s Loizides

A classic mistake made by many small and medium sized enterprises is to assume that they are immune from cyber attacks because hackers and fraudsters have bigger fish to fry. As a result, SMEs can be under-prepared in the face …

Cyber Risk Management Fails to Measure Up to Escalating Cyber Risks: Marsh, Microsoft

Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh and Microsoft Corp. In the …

UK’s Pool Re Launches Terrorism Risk Assessment Tool to Help Insureds Cut Premiums

Pool Re, the UK terrorism reinsurer, announced the launch of the Vulnerability Self-Assessment Tool (VSAT). Aimed at medium and large businesses, this tool will enable Pool Re member insurers to offer a 5 percent premium discount to insureds which “implement …

Cape Town Companies Threatened by Water Shortages After Record Drought

Businesses in Cape Town are growing increasingly concerned about the risk that chronic water shortages pose to their operations in South Africa’s second-biggest city and are taking steps to reduce usage and secure supply, a survey has found. Almost 80 …

Legal Marijuana Worries Canadian Oil Companies with Strict Drug Testing Regimes

Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd. And he isn’t the only employer who’s worried. Essential Energy provides services to …

5 Simple Risk Management Tips for Super Bowl LII

As we approach Super Bowl LII in US Bank Stadium in Minneapolis in which all-time great quarterback Tom Brady leads the Patriots against the underdog Eagles, what risk management issues are affecting the game and fans? Here are five that …

Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report

Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks …

How to Help Clients Protect Payment Processing Systems

The holidays are coming, bringing heightened anticipation. Families look forward to time together, children can’t wait for presents, merchants envision boosted sales and criminals dream of a wealth of unprotected data just waiting to be hacked. Retailers are especially susceptible …

Technology Risk Mgmt Association TechAssure Names New Member in Germany

TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective immediately. Headquartered in Giessen, Germany, BüchnerBarella is an independent, full-service insurance brokerage firm that specializes …