In an era where the impacts of climate change are becoming increasingly tangible, businesses are seeking new methods to quantify and combat the financial risks posed by our planet's evolving climate. WTW's introduction of Climate Quantified marks a significant leap forward in this endeavor. This
The ongoing conflict in Ukraine has sent shockwaves through the insurance industry, bringing into sharp relief the challenges of war risk insurance. With estimated losses at around $20.6 billion primarily in specialty lines like aviation, marine, and political risk insurance, the question of its
In 2024, businesses face a challenging landscape, peppered with advanced technological developments, environmental changes, increasing cyber threats, and changing global politics. Leaders are adjusting their tactics to these complexities with sophisticated risk mitigation strategies. Rather than
In an era marked by ever-changing risks, chief risk officers (CROs) in the insurance sector are steering their companies through tumultuous waters. Cybersecurity emerges as a critical challenge, with threats rapidly evolving and requiring vigilant defenses. Moreover, CROs are faced with the
As climate change intensifies, its influence on consumer choices and investment patterns is becoming more pronounced. The escalation in extreme weather occurrences is not only disrupting daily activities but also shaping financial decisions. People are increasingly considering the environmental
In an era where technological advancements and cyber threats go hand in hand, Chief Risk Officers (CROs) are on the front lines of the insurance industry's battle for security and ethical innovation. The following content takes a deep dive into the strategies and measures CROs are adopting to
