The increasingly noticeable negative effects of climate change have led to many regulatory initiatives and requirements in the insurance industry, both European and national. For this reason and due to growing customer preferences for sustainable insurance and financial products, insurance Read More …
Tag: risk management
Insurance and ESG
What Does It Take To Build A Risk-Resilient Supply Chain?
Companies everywhere are following a new trend that goes by a number of names: onshoring, homeshoring, nearshoring – or my favorite, friendshoring. The idea is to move production closer to home to avoid the risk of disruption increasingly associated with Read More …
Adani risk casts doubt on Wall Street’s star Emerging Market bet
The start of 2023 was meant to be India’s. The nation’s fast-growing economy and rapidly expanding equity markets had convinced money managers from Morgan Stanley Investment Management to State Street Global Advisors to call it a top investment destination. Then Read More …
Navigating technology and data complexity in bank credit analysis
As financial institutions grapple with a period of heightened uncertainty, credit risk managers are under more pressure than ever to provide credible assessments of what might happen next. And a volatile market outlook, questions over the direction of monetary policy Read More …
A good risk manager must be willing to take risks
“In the old days, risk managers just purchased insurance and didn’t have to worry about the other financial aspects of the organization,” Aucoin told Insurance Business. “In the past 10 to 15 years, with the advent of enterprise risk management, organizational Read More …
ESG grounded in reality: greater scrutiny calls for robust risk assessment
There are two things on which it is easy to agree regarding Environmental, Social and Governance (ESG). First, with sustainability having become the focus of huge attention in recent years, it has stormed up the corporate agenda. Second, and less Read More …
Reducing Operational Risk with Systems Engineering
Costly, impactful operational risk events – ranging from fraud, money laundering and record-keeping failures to geopolitical risk and Libor manipulation – grabbed many headlines in 2022. The businesses at the heart of several scandals, including Deutsche Bank, Goldman Sachs, JPMorgan Chase, Read More …
Risk management ‘not just about ticking boxes on compliance issues
With ESG becoming more prevalent in the financial sector, and the Sustainable Finance Disclosure Regulation (SFDR) bringing major reporting requirements for companies in 2023, risk managers could, if they plan ahead, use data to play an important role towards a Read More …
Environmental, Social and Governance Credit Risks to Rise in 2023
Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody’s said on Monday. The cost-of-living crisis stemming from Read More …
5 steps for effective fraud and risk management in the payments industry
With the advancement of technology, digitisation has taken a central spot in the payment landscape. Digital payments are omnipresent in today’s interconnected world and have made transactions faster and simpler. This paradigm shift has revolutionised e-commerce and trade. The immense Read More …