How can businesses, especially those with an international footprint, ensure employee health, well-being and security amid the pandemic? Deborah Ritchie spoke to Harriet Brennan and Dr Mark Parrish to find out
Over a third of small businesses admit to having had to address a legal issue within the last 12 months, over a fifth more than once. Despite this, nearly seven in ten do not consider third-party legal advice a priority.
The COVID-19 pandemic has brought about complex and varying responses by governments and businesses, in turn wreaking havoc on supply chain continuity. This week, BSI's latest quarterly review reveals that cargo theft, smuggling, and child labour are all persistent themes in global supply chain threats and trends.
So far, 2020 has certainly been a challenging year. Risk managers have been at the forefront of managing the COVID-19 crisis response from organisations around the world. There is no doubt that lessons have already been learned in respect of approaches to enterprise risk management -- lessons which will be assessed in the coming months and perhaps even studied for many years after.
As the country faces a second spike in the coronavirus, crisis management teams have been urged to look after themselves so that they are fit to look after their organisations. Speaking to press on the first day of Airmic's annual conference, deputy CEO and technical director of the risk association, Julia Graham, said the second spike comes at a time when businesses are still trying to recover from the first.
The largely prompt response of APAC insurance regulators to the coronavirus crisis will help insurers weather the storm, according to Fitch Ratings, which says industry watchdogs in the region introduced measures both to safeguard policyholder interests while ensuring the industry's resiliency.
A single disruption in an organisation causes an average culture of quality to drop 9%, according to a survey by Gartner. The research, conducted among more than 1,200 respondents, found that the primary tools quality leaders use to maintain a culture of quality during a disruption – reinforcing the importance of quality and ensuring access to quality tools such as trainings and knowledge hubs – have little to no impact.
There has been an increase in the theft of medical devices including PPE and ventilators, according to the BSI's latest supply chain report. Additionally, theft of consumer goods such as cleaning solutions have risen in Mexico, alcohol and tobacco thefts have increased in South America, food and beverage thefts continue to lead in Asia; and electronics remain the top target for cargo theft in Africa and the Middle East.
It is fair to say that the commercial insurance world has been rocked by the pandemic. Garon Anthony looks at just some of the issues arising out of the global COVID-19 crisis
The drive towards a greener economy, energy transition and its challenges, and recent shifts in market prices are just the tip of the iceberg of risks faced by the energy and renewables sector. Cyber and digital innovation and the COVID-19 pandemic bring even greater disruption to the sector, at a time when it is already under immense pressure.
Cyber attacks do not necessarily lead to a loss of data if they can be adequately defended or if data can be restored from backups and, if the findings of a poll released today are anything to go by, investment in that area of information security may be starting to pay off.
Castel Europe has acquired the renewal rights for Navigators Europe in an agreement which includes a book predominantly of Dutch marine cargo, inland hull, land-based equipment and liability business.
The Navigators Europe marine underwriting team based in Rotterdam will transfer to Castel Europe and will continue to be led by Duco Teijema, as marine manager, Netherlands. Duco will report into Gert van Middelkoop, head of Castel’s Marine Centre of Excellence.
Figures released today by the Office for National Statistics confirm the significant and wide-ranging negative impact of the lockdown and social distancing on the UK economy in May, as well as some green shoots of recovery.