Hazardous chemicals_edited

Regulators are cracking down on PFAS and risk managers must plan accordingly

The effects of PFAS chemicals are yet to be seen as health problems slowly come to light. BHSI’s Javier Villalba, explores the litigation landscape risk managers are facing

regulation consumer duty

Australia’s Modern Slavery Act: what next for risk managers

By Iona Cheng, director at Control Risks

Australia’s Modern Slavery Act is about to get new teeth, and risk managers must respond swiftly, says Iona Cheng, director at Control Risks


Cultivating risk culture

By Trevor Treharne

Tough to measure and tricky to implement, how can organisations bolster risk culture?

Credit Suisse

Panic spreads despite emergency takeover of Credit Suisse

UBS seeks to “preserve the value left in the business while limiting downside exposure”

sustainable development

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

Credit Suisse

Credit Suisse displayed risk management “deficiencies” over Greensill

FINMA has opened proceedings against four managers as it orders the bank to improve its controls

Silicon Valley

SVB crisis shows need for diversified funding options

By Helen Yates

Corporates must not put all their eggs in one basket where funding options are concerned

compliance, regulation

Top three regulatory developments to watch in APAC

By Trevor Treharne

From supply chain and natural hazards to ransomware and risk management processes, APAC risk managers face multi-faceted compliance requirements

Mining minerals hands child labour

Where energy security meets human rights

Mitigating risk in rare earth metals supply chains is essential for a just energy transition, say Kevin Braine and Oliver Stern

Russia, Moscow

Firms take stock after one year of Russian sanctions

There are many lessons to be learned from the rollout of the sanctions and ensuing compliance efforts

SR_web_Tom Scampion

Re-inventing sanctions screening

Why firms must improve compliance, drive efficiency and tackle friction as the war in Ukraine rumbles on

Artificial intelligence

AI: Friend or foe for risk managers?

By Trevor Treharne

AI brings the promise of progress and threat of disorder, as the launch of ChatGPT demonstrates

Stock shares

Adani hits back at Hindenburg fraud allegations

The Indian conglomerate accuses short seller of misinformation and alleges ulterior motives

maze, resilience

Governments are boosting domestic supply chains - BSI

New regulations emphasise financial sustainability as firms grapple with trade disruption and inflation

SR_web_Lee Whiteing

Duty of care a key concern as business travel returns

Corporates – forced to cope without travel for so long – will be more discerning when weighing up the value of a business journey

Innovation Artificial Intelligence

Financial services firms lack responsible AI strategies - study

71% of organisations state that AI ethics and responsible AI are not a core part of their operational strategies

changing landscape

Allianz Risk Barometer: BI and cyber top threats in Asia Pacific

Climate-related concerns increase in Asia Pacific, with natural catastrophes and climate change amongst the top five risks

financial, global

Banking CROs face ‘torrent of interwoven complexities’

78% of banking CROs in Asia-Pacific are focused on China’s changing global role


Only 20% of firms feel prepared for supply chain disruptions - study

Socio-economic changes and shifting consumer demands are among some of the challenges facing organisations

SR_web_Mary Carmichael

Why you must understand the board’s risk tolerance

Without this, efforts to manage and optimise risk will be futile

directors and officers insurance

ESG presents ‘significant exposure’ for D&Os

Fallout from a global recession, lax cyber security and an uptick in litigation are other key risk drivers for 2023

Beijing Financial District

China insurance outlook revised on easing of lockdown rules

AM Best has revised its market segment outlook on the China non-life insurance industry to stable from negative


Hong Kong unveils risk and insurance roadmap

Markets in the Mainland and Hong Kong will be brought closer to transform the SAR into a ’global risk management and insurance hub’

coal power plant

Korean Re adopts coal-exit strategy

The move is welcomed, but there are calls to go a step further and restrict coal from its treaty business

cyber attack 2

Inside Australia’s data breach endemic

The causes and solutions to Australia’s recent spate of high-profile data breaches


US-China trade war is top geopolitical risk for 2023

Risk managers in strategic and high-tech sectors must monitor efforts to decouple critical supply chains - Control Risks

data breach

Australian data breaches up 14% - OAIC

The number of major breaches caused by cyber security incidents - including ransomware - calls for up-to-date response plans

SR_web_Emily Morgan

Sanctions screening your third-parties

It is simply not worth running the risk of going into any relationship blind, and accidentally breaching sanctions

board, ai, tech

RAW2022: Risk governance and the board

Norman Marks offers some key questions for the board as Risk Awareness Week 2022 gets underway

flood risk corporate resilience

Extreme climate losses 30x more likely at exposed premises

Research from FM Global shines a light on the vulnerability of commercial properties which lack resilience

monitoring ESG

Prioritising ESG improves legal, regulatory risk

As tighter regulation comes into play, firms must extend their focus around ESG internally and within their wider value chain

SR_web_Eric Hensley

Keeping pace with ESG regulation

Firms are being pushed to pursue a cleaner, greener, more equitable and ethical world. But it’s not easy being sustainable

Data breach Getty

Australia will tighten data protection rules after Optus cyber attack

Sensitive data of around 10 million customers, or about 40% of the population, were compromised


Research shines light on digital trust gap

While nearly all respondents in Australia and New Zealand say that digital trust is important, just 12 percent have a dedicated staff role

renewable energy

Insuring the transition

By Helen Yates

The insurance industry has a ‘once in a lifetime’ chance to support the transition to Net Zero, so what’s holding it back

climate risks

Two thirds of boards discussing climate impact in Singapore, Philippines

Lack of climate risk expertise and data are seen as the main obstacles for climate financial disclosure - WTW

SR_web_Rosie Hawes

Taking an authentic approach to ESG

Why relying on ESG ratings may be the quickest way to undermine your own reputation for ESG compliance

cyber topic

Cyber extortion grows in sophistication, warns Beazley

Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex

data security

Cyber security remains “chief risk” for IT audit teams

War-related cyberattacks are on the rise and the surge of sophisticated ransomware attacks is ongoing, warns research

fraud prevention button

1-in-4 falling victim to fraud in APAC - Experian

Nearly half of businesses say fraud is a high concern but just 25% of Singaporeans say their expectations are being met


Who pays for ESG?

There are massive upfront costs in getting your organisation ESG-ready. So who pays?

Cyber resilience

India’s new cyber rules criticised by tech firms

The data protection rules will require firms to report a breach within six hours of discovery

SR_web_Bev Adams

ESG: Where are you on your journey?

Knowing where to start with ESG can be daunting for even the most seasoned of risk managers


Singapore sets up cybersecurity centre

NTU Singapore and CSA Singapore launch joint centre for cybersecurity evaluation, research, and education

regulation, compliance, plans

RIMS-WTW: Risk managers challenged by ESG compliance

How supply chain risks, D&O responsibilities and the rise of climate-related litigation are shaping the risk landscape

SR_web_Atul Vashistha

Are you ready for the SEC climate rules?

Publicly-listed firms will be compelled to report on third party climate risks as well as their own

cyber insurance, city

Cyber remains a leading risk for Asia

By Dan Dunkley

Cyber is an ever-present threat, while sustainability is a top emerging risk for Asian corporates


Singapore to increase data breach fines for FIs

Under the Financial Services and Markets Bill the maximum fine would be raised to $1m per breach

Cyber security April 2021 Aviva EV

Clyde & Co launches APAC cyber risk practice

Chris McLaughlin joins from Aon to head up the venture - a response to ’heightened cybersecurity pressure’ on APAC firms

ESG acronym cubes

Boardrooms yet to fully grasp ESG risk - Marsh

Less than one-third of the FTSE100 sample showed evidence of standalone reporting on climate change risk in line with TCFD

ransomware (2)

Improve ransomware preparedness, Asian corporates urged

2021 was region’s “most challenging year yet for cyber insurance”, according to Aon Asia Market Review


Allianz Risk Barometer: Cyber and BI top concerns

Cyber ranks top Asia Pacific risk for the third consecutive year


Hong Kong in bid to strengthen international risk management role

The region’s chief executive Carrie Lam outlined plans to strengthen the SAR’s position as a centre for risk and insurance


US Xinjiang bill demands full supply chain visibility

Companies must map highly complex supply chains to identify signs of modern slavery - Verisk Maplecroft

SR_web_Steve Wilford

Geopolitics, climate crisis and state meddling

Why 2022 will be a high-wire act for Asian businesses


Firms failing to address unethical behaviour - EY

Standards of corporate integrity have stayed the same or worsened since COVID began

diverse board room

D&O risks in 2022 defined by COVID and diversity

Brokers have flagged emerging D&O risks, including COVID liabilities and ESG considerations


Asia Pacific Risk Benchmarking Survey 2021: Show us the money

Boards remain more engaged in risk, but it’s time to start putting their money where their mouths are

View from the board

How climate is changing the world’s boardrooms

75% of board members say climate change is very or entirely important to the strategic success of their companies - report


Special report: GRC

Why risk leaders must offer their boards next-level risk intelligence on governance, risk and compliance

SR_web_Shruthi Rao

Should insurers lead the climate march?

If the politicians won’t go to battle against climate change, maybe insurers have the power to drive behavioural change


StrategicRISK Q4 2021: The great reset

By Helen Yates

Risk management is not just about avoiding losses. It is about saying ‘yes’ when it counts

lightbulb, new thinking

A fresh take on risk

Is risk management strategically fit for purpose when it is too reactive and compliance-focused? asks Adrian Clements

SR_web_ Charles Hecker Claudine Fry

The great geopolitical repositioning

In 2022, the world will start to spin differently thanks to a new global geopolitical order


Firms failing to address environmental risk

Environmental issues are bottom of business leaders’ concerns and set to fall further in 2022, finds Beazley

green, net zero, climate change

Insurers’ sustainability focus a “clarion call”, says BlackRock

Nearly half of respondents have turned down an investment opportunity over the past 12 months due to ESG concerns - BlackRock

SR_web_Ann Dowdeswell

The cost of a sustainable supply chain

How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations

Mining minerals hands child labour

Beware ESG threats in your supply chain

By Helen Yates

New laws will require corporates to monitor their supply chains for human rights and environmental abuses

SR_web_Ross Savage

Don’t fall foul of sanctions

Get on top of your sanctions risk compliance or suffer reputational consequences

Mary Shapiro

COP26: International Sustainability Standards Board launches

Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD

SR_web_Gillian Karran-Cumberlege

Why boards must exercise their ‘judgement muscle’

Boards risk being hamstrung by regulation, opting to comply rather than explain, even where there are unintended consequences


FERMA Talks: Channelling strategic foresight

Horizon scanning is an essential tool for policymakers, explained European Commission vice president Maroš Šefčovič


Insurer M&A dips in 1H 2021 - Clyde & Co

The sharp drop in M&A activity in Asia Pacific can be attributed in part to the high regulatory bar in some jurisdictions

SR_web_Carly Ramsey

Navigating the ongoing trade war

China: politics are important but it’s the regulations that matter for multinationals

AON headquarters

Aon and WTW call of mega merger

Brokers terminate $30 billion merger agreement following “an impasse” with the US Department of Justice

cyber insurance, data

Cyber tops financial services risk register

Cyber attacks, pandemics and over regulation are among the biggest fears for CEOs at banks and insurers - PwC

regulation, compliance, plans

COVID-19 forced firms to ‘cut corners’

Under mounting pressure to increase revenue and profits, 65% of organisations admitted taking due diligence shortcuts

closed, coronavirus

Half of businesses ‘feel more resilient’ than a year ago

Sector attitudes to risk vary, finds Beazley, with those hardest hit by lockdown restrictions feeling less resilient


Indonesia Asia’s most complex country for business

Hong Kong is the second most simple jurisdiction in which to conduct business, finds TMF Group

climate change opportunity

BoE launches climate stress test for banks, insurers

It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios

SR_web_Pekka Dare

Managing money laundering risk in a COVID world

How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money

risk planning strategy

Firms failing to anticipate emerging risks

Effective risk resilience is increasingly correlated to a firm’s viability and growth potential, finds Marsh

Norman Marks

The spy who managed success

Is it time to abandon risk management and seek to manage performance instead? Let’s consider Bond’s latest mission


Cyber tops risk concerns for financial firms

Analysis of $1 billion of insurance industry claims show cyber incidents, including crime, is the top cause of loss - AGCS


Physical climate risk to test limits of diversification - Fitch

Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks

green, net zero, climate change

WTW launches climate transition risk framework

New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance

ship cargo

COVID-19 continues to test supply chains

Pandemic is exacerbating trends such as cargo crime, man-made disruptions, and political protests, which all threaten supply chain resilience in 2021

climate change

Financial sector grossly underreporting climate exposure

Just a quarter are reporting portfolio emissions, which are on average 700 times higher than direct emissions

SR_web_Charles Minutella

The road to future-proofing your supply chain

As companies look to pivot from the pandemic, their focus of attention is turning towards building sustainability in supply chains

Vietnam flood

Asian corporates gain climate risk tool

Swiss Re CorSo risk framework helps firms assess physical climate exposure; Many climate ‘hotspots’ are located in Asia Pacific

climate change

COVID-19 a “foretaste” of climate shocks

Effective governance is at the heart of addressing climate risk and transitioning to a low carbon economy

SR_web_Atul Vashistha

Financial firms face a risk reckoning

As the sector faces further regulatory intervention, what will it take to bring about real change?

Climate change suspended world

Climate change analytics tool launched

Data suite from JBA will help global financial services firms plan for their future and understand possible flood risk under different climate scenarios

Jacinda Ardern

New Zealand introduces climate risk disclosure regime

New rules will require firms to disclose how climate change will affect their business on a ‘comply or explain’ basis


Due diligence the key for third-party risks

Research from Refinitiv reveals 43% of third-party relationships are not subject to any form of due diligence checks

SR_web_ Mark Convery

Health & safety post COVID

Health and safety regulations are under the microscope more than ever before, but significant global differences in approach remain


Corruption to increase post-COVID

Disruption to traditional working patterns and an increase in remote working is the top risk to the ethical conduct - EY

SR_web_specialreports_Supply chains

Special report: Supply chains

Supply chains may be complex and suppliers remote, but you must know their ESG strategies well.

cyber security

Singapore government says raise cyber security now

Cyber Security Agency (CSA) to advise owners of critical information infrastructure (CII) on what they can do to further beef up their defence.