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Why risk management is more important than ever
Forbes
There is no doubt that 2020 will go down as a year to remember. While the COVID-19 pandemic has had an enormous impact, the year has brought many challenges — from the forest fires in Australia at the beginning of the year to the Taal volcano eruption in the Philippines — followed by a long list of high- force hurricanes and widespread social unrest here in the US.
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The art of communicating risk
Harvard Business Review
Most organizations can cope with straightforward bad news, and so can most people. We absorb the shock, and move on. But what happens when we don’t know how bad the news actually is?
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The 5 must do's for every workplace risk management plan
Security Magazine
COVID-19 has unleashed unprecedented challenges for all businesses. Workplaces are going to need to adapt and adopt training and risk assessment protocols to keep employees healthy and safe. In my over 30 years of experience in civilian and law enforcement response to active threats, it is clear to me that the business community will never “go back to normal.” While there is no single, turn-key solution, the most critical action is to have a clear plan.
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Why specialty insurance is ripe for innovation
Property Casualty 360
For the majority, insurance is commonplace when it comes to protecting valuable interests and assets. Homes, cars, businesses — many examples come to mind. But, how far do individuals and organizations go to protect any investments they can? Lottery insurance? Hole-in-one prize insurance? Multiple birth insurance? As these examples demonstrate, quite far, and it is the foundation underpinning what is known as specialty coverage.
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Insurance uptake and its impact on disaster recovery
Insurance Business Mag
Global insurance and reinsurance firm AXA XL recently released a report alongside the Centre for Risk Studies (CCRS) at Cambridge Judge Business School, which analyzes the impact of insurance and reinsurance on the speed and quality of recovery following natural catastrophes.
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Rethinking risk and compliance for the age of AI
World Economic Forum
Artificial Intelligence (AI) has become an imperative for companies across industries. Despite the hype, AI is creating business value and, as a result, is rapidly being adopted around the world. Last year, the McKinsey Global Survey reported “a nearly 25 percent year-over-year increase in the use of AI in standard business processes”.
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