The Allianz Risk Barometer 2023 reveals growing civil unrest as a top concern. Here are the top things for risk and insurance professionals to consider.
Enhancement of building defenses, emergency planning and financial risk transfer can help businesses recover in the face of increasingly frequent and strong storms.
Better data analytics is enabling a number of new parametric insurance solutions from a product to cover losses caused by an active assailant to ways to manage supply chain risk.
In March, a large container ship blocked the Suez Canal for six days, costing nearly $400 million an hour in global trade losses. Now, cargo and vessel owners are asking, “Who foots the bill?”
At the heart of every plan should be strategies to maintain the effective delivery of critical products and services. These must include giving people charged with responsibility for crisis management clearly defined actions that could be taken to maintain the business.