Read the latest edition of AIR and MEIR as an Interactive e-book

Oct 2021

Global Risk Management

Southeast Asian farmers find climate change a major challenge

A significant number of farmers (68%) in Southeast Asia’s largest agricultural-producing countries are concerned with the impact of climate change according to new research released in August 2021.

Poor security controls could lead to cyber insurance refusals

Most cyber insurance buyers have been hit by complex and time-consuming renewals and many buyers have been left with ‘less coverage at a higher cost’ in the first half of 2021 according to insurance broker Arthur J Gallagher (Gallagher).

Australia: Agriculture profits will continue to fall

Agricultural profits in Australia have fallen by 23% over the last two decades (2000-2020) and the trend is likely to continue due to significant impacts of climate change according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

Significant workforce privacy gap still exists

While 64% of companies believe it is important to protect employee privacy, only 34% say they are effective or very effective in doing so.

Young impacted by climate anxiety but no power to limit its impact

Climate change has significant implications for the health and future of children and young people, yet they have little power to limit its harm, making them vulnerable to increased climate anxiety.

France: Majority concerned about growing Nat CAT risks

Nine out of 10 people in France are worried about weather-related events and believe Nat CAT risks are getting worse in the country as a result of climate change.

Cautious support for building recladding

Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings according to a new survey conducted by the International Underwriting Association (IUA).

German Chamber of Commerce supports risk-based approach to flood risk

The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility to help with the reconstruction process following the recent catastrophic flooding.

Weather-related disasters cause more damage but fewer deaths

Climate change and increasingly extreme weather events have caused a surge in natural disasters over the past 50 years disproportionately impacting poorer countries according to a new report by the World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction (UNDRR).