Willis has upgraded its Climate Diagnostic platform to help organisations assess exposure to 16 physical climate risks across their assets, operations and supply chains.

Quantexa and PwC have launched a supply chain risk solution designed to help businesses identify fraud, compliance issues and other risks among suppliers several tiers removed from their direct operations.

The gap between businesses adopting artificial intelligence and those yet to make use of the technology is set to persist, with larger organisations continuing to pull ahead of smaller firms, according to new research from the OECD. It projects that, by the end of the decade, AI uptake among large firms could be nearly 80% higher than the average across all businesses.

UK businesses are increasingly concerned about cyber attacks and artificial intelligence disrupting their supply chains, with both risks reaching their highest recorded levels in the latest Office for National Statistics survey.

Cyber incidents cost UK financial services firms an average of £726,000 over the past year, potentially representing total industry losses of more than £1bn, according to research by cyber security company ESET. A survey of 500 businesses found that 97% had experienced at least one cyber incident in the previous 12 months, with 62% reporting multiple attacks.

Insurance technology company tigerlab has launched a new broker management system for marine cargo insurance, developed to manage the high volume of shipment declarations and financial transactions associated with open cargo policies.