Operational Risk
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NewsRethinking business interruption for 21st century businesses
In a hyper-connected and globalised world, businesses are increasingly at risk of disruption by major events on the other side of the world. But does traditional business interruption (BI) insurance respond in these scenarios?
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When production grinds to a halt
Companies in highly-regulated sectors are demanding new risk transfer solutions for the disruption caused by regulatory intervention
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Expert view: Managing business interruption in the intangible economy
The risks of non-physical damage business interruption will likely increase as more businesses become asset light. So, what can risk managers do to ensure they capture and manage the risks? Thomas Keist, Head of Marketing, Innovative Risk Solutions at Swiss Re Corporate Solutions, has this advise.
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From asset heavy to asset light: risk-managing AirAsia’s new digital business
Suchitra Narayanan, group head of risk and insurance, AirAsia Berhad, explains why the low-cost airline made the shift from being asset heavy to asset light and how the company’s risk profile has changed as a result
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How risks to intangible assets could harm profits and revenue
The rise of the intangible economy could amplify your risks causing long-term loss in revenues and profits, so what can you do about it? Hans Laessoe, principal consultant at AKTUS and former senior director of risk at the LEGO Group, has this advice
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Less than two-thirds of businesses worldwide are confident about their ability to manage risks to business growth
Confidence levels vary dramatically from 39% in the UK to 70% in Continental Europe as protectionist economic policy threatens to undermine companies’ international growth ambitions
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Traditional risk management concerns prevail in global corporations
Traditional financial and operational performance top global risk management concerns over the next 12 months, while much-publicised issues such as environment, tax and diversity lag well behind
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StrategicRISK's top 10 worst risk incidents of 2018
From Brexit uncertainties to US trade wars; the Carillion collapse to Telsa’s threat on Germany’s automotive industry, when it comes to global risk, reviewing the year that’s been can feel like revisiting a lot of bad news. But the good news? There are many risk lessons to be learnt
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Breaking up is hard to do
Businesses are largely still in the dark over exactly what Brexit Day will bring next March, but practical plans need to be devised and enacted now. And risk managers must be central in preparing for every eventuality, deal or no deal.
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Brexit: choppy waters for supply chains
However Brexit plays out, the impact on international trade is likely to be great. As forecasted border delays threaten to sink UK manufacturing, supply chain managers are acting now.
