While pandemic and infectious diseases rank as the top current risks, climate risk was identified most often as the top emerging risk, followed by cyber/network risks, according to the 15th Annual Survey of Emerging Risks sponsored by the Canadian Institute of Actuaries, the Casualty Actuarial Society and the Society of Actuaries.
A lack of regulatory guidance is preventing companies from investing more in environmental, social and governance (ESG) initiatives, according to a new survey.
January 2022 was recorded as Earth’s sixth-warmest January since global record-keeping began in 1880.
The second part of the 6th Assessment Report of The Intergovernmental Panel on Climate Change (IPCC) has been published. Released on 28 February 2022, it has several important inputs for insurers and risk managers. It primarily deals with impacts, adaptation and vulnerability of climate change.
The annual report of FS-ISAC on cyber threats for financial firms has said the same top three risks, as in 2021, would continue to dominate in 2022 as well, on the back of increasing digitalisation in the financial services sector.
Cyber attacks on businesses and government agencies have increased following Russia President Vladimir Putin’s invasion of Ukraine, with the risk of spill over cyber attacks against non-primary targets becoming much more widespread.
Only 45% of respondents in a new PwC 2022 survey predict supply chain disruptions are likely to ease by the end of the year and 62% of business leaders indicate they will increase the price of goods and services in 2022 to manage against these risks.