Extreme weather conditions — from fluctuating temperatures, to increases in severe storms and hurricanes — all continue to have a lasting impact on businesses worldwide.
In an effort to tackle severe weather and volatile storms, The Institutes has created Helix, an advisory board aimed at utilizing technology to assess natural disaster risk.
Could the risk management industry have been prepared for the risks 2020 presented? In a time where organizations may feel on edge, now is the time to trust that risk management is up to the job.
If 2020 has taught us anything, it is that risk does not discriminate, it does not care about economic status, race, gender, or nationality. To face the new level of complex risks and uncertainties facing our global markets, more innovative and resilient risk management models are needed in 2021 and beyond.
Insurers pay when wildfires rage and hurricanes thunder in from our oceans. The drive is on for the industry to reduce its support for the fossil fuel use that contributes to climate change.