Posts Tagged ‘Marsh & McLennan Cos’

March 18th, 2019

Climate Change Has Claimed Its Biggest Corporate Victim; Now Banks Are on Alert

Posted at 1:00 AM ET

Rob Bailey, Director of Climate Resilience at Marsh & McLennan Insights


When PG&E filed for Chapter 11 protection in January, The Wall Street Journal dubbed it the “first climate change bankruptcy.” The California power utility was facing USD 30 billion in potential liabilities following a series of devastating wildfires linked to its equipment — wildfires made more likely by a prolonged period of hot, dry weather that had reduced the surrounding forests to tinder and which scientists have since attributed to climate change.

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March 12th, 2019

MMC Cyber Risk Handbook 2019

Posted at 1:00 AM ET

cyber-handbook-cover-image-smallCyber risk is a critical concern for business leaders. According to the World Economic Forum’s 2018 Executive Opinion Survey of more than 12,500 executives, large cyber-attacks are ranked as the #1 risk for doing business virtually across all advanced economies. As companies develop their approach to this dynamic and challenging threat in 2019, there are some emerging trends that they should consider.

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March 11th, 2019

Prioritizing Business Risks in Japan

Posted at 1:00 AM ET

In 2019, technological and geopolitical threats continue to be at the center of the risk landscape for businesses in Japan. Other vulnerabilities have also resurfaced, notably the persistent threats of natural catastrophes, the country’s tight labor market and the specter of an asset bubble.

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February 26th, 2019

Asia Region Most affected by Rising Sea Levels

Posted at 1:00 AM ET

extreme-weather-2On a global scale, some cities are sinking faster than sea levels are rising, says the Global Risks Report 2019, which was produced by World Economic Forum with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies.

Asia will be the worst affected region as a result of a combination of hydrology, population density and asset concentration. Continue reading…

February 20th, 2019

Risk Financing Strategies Needed as Exposure to Flood Increases

Posted at 1:00 AM ET

extreme-weather-2The affordability of flood resilience will become an increasingly critical issue as rising sea levels and urbanization expose a growing number of people and population centers to floods, says the World Economic Forum’s Global Risk Report 2019.

The 14th edition of the Global Risks Report, prepared with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies, states that robust risk financing strategies will be required to fund investment in adaptation and to pay for recovery when floods occur. Continue reading…

February 11th, 2019

Cybersecurity, Strategic and Financial Risks to Dominate Risk Landscape

Posted at 1:00 AM ET

thumbnailAccording to nearly 400 treasury professionals surveyed, strategic and financial risks, along with cybersecurity, will dominate the risk landscape for the next 18-36 months.

This finding from the 2019 AFP Risk Survey: The Evolving Treasury Ecosystem highlights the challenges facing finance and treasury professionals as they help their organizations navigate the deep disruption occurring across all economic sectors. Continue reading…

February 5th, 2019

Environmental Disasters Leading to Increased Disruption to Supply-Chains

Posted at 1:00 AM ET

extreme-weather-2As environmental risks crystallize with increasing frequency and severity, the impact on global value chains is likely to intensify, weakening overall resilience, according to Global Risks Report 2019, which was produced by the World Economic Forum with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies. Continue reading…

January 28th, 2019

Chart: Top Risks Expected to Increase in 2019

Posted at 1:00 AM ET

The chart lists the top ten risks expected to deteriorate in 2019 across five areas of concern highlighted in this year’s Global Risks Perception Survey (GRPS). The results of GRPS are analyzed in the 14th edition of the Global Risks Report, prepared by the World Economic Forum with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies. The chart shows the percentage of respondents who are concerned about each risk. Continue reading…

January 24th, 2019

New Approaches to Understanding and Modeling Cyber Risk

Posted at 1:00 AM ET

On October 21, 2016, a distributed denial of service attack (DDoS) rendered a large number of the world’s most popular websites inaccessible to many users, including Twitter, Amazon, Netflix, and GitHub.

The internet outage conscripted vulnerable Internet of Things (IoT) devices such as routers, DVRs and CCTV cameras to overwhelm DNS provider Dyn, effectively hampering internet users’ ability to access websites across Europe and North America. The attack was carried out using an IoT botnet called Mirai, which works by continuously scanning for IoT devices with factory default user names and passwords. Continue reading…