Top Risks for Businesses 2023
Originally published by Allianz. The Allianz Risk Barometer is an annual report identifying the top corporate risks for the year ahead. It’s based on the insight of over 2,700 risk management experts from 94 countries and territories. Here we look at the top five risks identified by UK participants. 1. Cyber Incidents (#1 in 2022) […]
Company Fined £180,000 After Accident
Vita Cellular Foams (UK) Ltd. was fined £180,000 and ordered to pay costs of £4,377 after an employee lost her hand following a machine maintenance incident. The employee was operating a blown line machine at the company’s premises in Dukinfield on 30th June 2020 when the apparatus became blocked with fibres. Attempting to identify the […]
Cyber-Incidents: The Biggest Risk in 2023
Cyber-incidents topped the list of risks facing businesses around the world in 2023 for the second year in a row, according to Allianz’s 2023 Risk Barometer. In addition to ranking as the number one risk globally, cyber-events like IT outages, ransomware attacks and data breaches captured the top spot in 19 different countries, including the […]
Disruptors to Watch in 2023
The insurance marketplace is hardening across most sectors as insurance companies re-evaluate their books amid many challenges for the industry. Spiralling inflation, supply chain issues and the effects of climate change are all growing concerns, and insurers may increase premiums or modify policies in response. As such, employers should carefully review policy terms and conditions […]
Cyber-Risks and Liabilities Sept/Oct 2022
The Benefits of Threat Intelligence Threat Intelligence (TI) refers to data that is collected, processed, and analysed to understand a threat actor’s motives, targets, and attack behaviours. Through TI, organisations can analyse both previous cyber-attacks and potential future threats. Rather than being reactive, TI allows organisations to adopt a proactive approach to cyber-security. This […]
Risk Insights – The Business Risks of Climate Change
Over the last decade, climate change has become a rising concern for businesses and their respective communities, evidenced by increasingly severe natural disaster trends and a growing sense of urgency found within climate reports. According to a recent survey conducted by Deloitte, business leaders across the globe currently consider climate change to be one of […]
HSE Safety Cornerstone – August 2022
Common Summertime Risks to Know There are many risks and hazards created or exacerbated by the higher temperatures and long summer days. During summertime conditions, organisations must be particularly aware of certain dangers, such as the following: Dehydration occurs when an individual’s body loses too much water. This may occur due to overexertion, working for too […]
Shop and Retail Industry – Services Overview
Is your retail business equipped to handle an unexpected disaster? Don’t wait until it’s too late to mitigate potential risks at your retail business. Implement proper risk management techniques with help from our library of resources, including an industry-specific risk management series, a comprehensive Business Continuity Planning Toolkit and step-by-step checklists. Are your retail […]
Motor Insights: Updates to Compulsory Vehicle Insurance on Private Land
Quick Facts: Compulsory motor insurance won’t need to cover vehicles used only on private land. Effective 28th June 2022, the Motor Vehicles (Compulsory Insurance) Act will nullify any retained European Union law relating to a ruling of a 2014 case. Motor insurers may be able to reject claims (subject to policy terms) resulting from the […]
Summer Safety Focus
The Hazards of Poor Housekeeping Poor housekeeping in the workplace can be a serious issue. Not only does it lead to a cluttered workspace, but it can also create additional workplace hazards. With this in mind, it’s important to be aware of housekeeping-related hazards and practise proper safety techniques to prevent any injuries. There are […]
