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NewsThree steps to smarter collaboration
Joining forces with the right people at the right time is the best way to combat a crisis
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Curious by nature
From financial services to public servant, Andrew Methven’s search for answers has driven his career in risk
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Supply Chain Webinar: No time for complacency
Risk managers operating in a global world should ensure their organisations are ready to roll with the punches
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AXA XL identifies seven sectors most exposed to water risks
The cost to businesses of inaction is five times higher than the cost of action
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Energy prices remain top threat to business resilience
Weakening customer demand, cyber security, increased taxation, and access to talent are other major challenges - survey
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2022 global nat cat claims breach $100 billion
Global losses from floods were above average, the main event being flooding in eastern Australia in February-March 2022
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How humanity averted an environmental catastrophe
The success of the 1987 Montreal Protocol is proof all is not lost in the fight against climate change
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Global warming likely to overshoot 1.5C by 2030s, warns IPCC
Changes in the food sector, electricity, transport, industry, buildings and land-use can reduce greenhouse gas emissions
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Cloud providers suffered nearly 500 critical outages in 2022
About a third of events impacted US cloud regions, with a total of 1,190 performance disruptions overall
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Panic spreads despite emergency takeover of Credit Suisse
UBS seeks to “preserve the value left in the business while limiting downside exposure”
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Inflation set to drop sharply as energy prices fall
Global inflation will return to pre-crisis levels faster than it took to reach its peak, but any number of shocks could derail this outcome
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$2.2 trillion global electronics industry at threat from semiconductor supply chain
Risks include geopolitical tensions, earthquakes, and extreme weather, but risk transfer solutions remain thin on the ground
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New Zealand summer flood claims hit NZ$1.65 billion
Floods are the largest weather-related loss in history for New Zealand, prompting a rethink of extreme weather exposures
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Annacel Natividad appointed as PARIMA’s new chair
She has a keen focus on sustainability and resilience and replaces long-serving founding chair Franck Baron
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Asian corporates adapt risk management to include sustainability metrics
By 2023, ESG performance will become a standard component for third-party risk assessment, predicts IDC
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Australia on El Nino watch as ENSO enters neutral phase
El Niño is the warm and dry phase of the climatic cycle, bringing the risk of drought and wildfires
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Credit Suisse displayed risk management “deficiencies” over Greensill
FINMA has opened proceedings against four managers as it orders the bank to improve its controls
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SVB crisis shows need for diversified funding options
Corporates must not put all their eggs in one basket where funding options are concerned
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Asia-Pacific sees fall in crisis incidents in 2022
But greater volatility is expected in 2023, driving threats including kidnap incidents and political repatriations
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What can risk managers do better in 2023?
In the post-pandemic world, risk managers must reevaluate what constitutes an ‘acceptable’ risk
