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Jul 2021

Global Risk Management

EIOPA chooses 44 insurers for COVID-19 stress test

The European Insurance and Occupational Pensions Authority (EIOPA) has launched its 2021 insurance stress test for the European insurance market.

Response to weather risk in Australia will be strengthened

Aon will partner with Catalyst Technologies to help strengthen the response to weather climate risk in Australia.

Mandatory income-protection insurance suggested

Governments should consider introducing mandatory provision of income protection insurance following the COVID-19 pandemic according to a new research by the University of Oxford and Zurich Insurance.

Businesses still have remote working cyber security concerns

Four out of five businesses still remain concerned about the security risks of employees working remotely, according to the 2021 Thales Global Data Threat Report. This concern is despite organisations being over a year into remote working and looking ahead to likely shifts to hybrid remote.

Climate change could be responsible for 37% of global heat deaths

While around one third of heat-related deaths can be attributed to climate chvange, there have been no systematic efforts to quantify the heat-related human health impacts that have already occurred due to climate change.

Governance risk and compliance insights survey

COVID-19 has brought about unprecedented challenges and as companies resume operations and adapt to new ways of working, many are looking inwards to see how they can tackle urgent and complicated governance, risk and compliance (GRC) issues.

Financial and reputational damage from governance weaknesses on the rise

Stakeholder’s tolerance for idiosyncratic governance weaknesses continues to decline raising the likelihood that governance will increasingly weigh on credit ratings, according to Fitch Ratings.

Taskforce on nature-related financial disclosures launched

A new market-led initiative Taskforce on Nature-related Financial Disclosures (TNFD) to support financial institutions and corporates in assessing and managing emerging nature-related risks and opportunities has been launched.

People risk intensified on back of pandemic

People risk and the challenge of finding adequately skilled and qualified labour has been exacerbated by COVID-19 and the acceleration in the shift towards a more digital economy in Italy.

Leading cyber insurers launch CyberAcuView

Hotter cities by 2050 will hit productivity and supply chains

The number of the world’s cities at extreme risk from heat stress is forecast to rise 58% from 482 today to 762 by 2050, according to a new research by Verisk Maplecroft.