All resilience articles
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NewsFlood losses ‘material’ for Korean insurers - Fitch
The heavy rainfall caused unprecedented flooding in various parts of Seoul, Gyeonggi Province and Incheon, with the Gangnam area one of the worst hit
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Ukraine: A ‘Matrix moment’ for climate change
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
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FM Global offers policyholders $300m resilience credit
The credit will be applied as a 5% premium offset against policies with renewals between 1 October 2022 and 30 September 2023
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Hope for the best, prepare for the worst
Today’s volatile risks will impact your supply chain in unique ways; here are three areas to consider
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World ‘unprepared’ for magnitude of cascading climate risks
As the intensity of heatwaves, storms and floods speeds up, so do the time horizons for rising global instability
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China floods top catastrophe tally in 1H
Global natural catastrophes during the first half of the year caused estimated damage of $92 billion
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India, South Korea at severe risk of flood as temperatures rise
A quarter of the world’s power generation capacity and 26% of international port outflows are currently at risk of flooding, finds Marsh McLennan
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Firms in Guangdong cease production amid flood warnings
Meanwhile, Sichuan has been hit by flash floods while Shanghai braces for further heatwaves
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The metaverse will support ‘shift from risk indemnity to risk mitigation’
Use of the metaverse for the insurance sector is “evolving at pace”, says Accenture’s global insurance lead
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Flying blind
Disregard for physical climate risks are a clear threat to resilient infrastructure
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Sydney flood claims begin to mount
So far, insurers have received 8,415 claims costing $97.9m, but losses are expected to rise substantially
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Can we fix our supply chains?
Like recessions, supply chain disruptions are inevitable. We may be unable to prevent them, be we can lessen their duration
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Supply chain risks linger in Asia
China’s zero-COVID strategy hasn’t just impacted those living within its borders — a ripple effect has been felt across Asia
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Insurance Council declares ‘significant event’ for NSW floods
Communities need to be “better protected” from extreme weather events that are “becoming more frequent and severe”
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Thousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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Ukraine triggers a re-evaluation of global systemic risk
Systemic risks affect entire markets - not just specific sectors - and are now top of mind for senior executives - WEF
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Has 2022 knocked global resilience off course?
Protection gap for health, mortality and natural catastrophe risks combined reached $1.42 trillion in 2021, finds sigma
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Pool Re warns of ‘perfect storm’ in geopolitics
Power games are increasingly being fought on multiple levels beyond physical conflict, including cyber warfare
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East Coast Floods were ‘most costly flood event’ in Australia’s history
Claims costs creep towards $5 billion four months after ICA declared the event a catastrophe
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The bridge builder
Our industry is still misunderstood, says Risk-!n co-founder Stéphane Martin. We need to push the ‘manage’ into risk management
