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Jan 2022

Global Risk Review

Ninety-five percent of global insurers believe climate risk is investment risk

Insurers are increasingly concerned about the implications of climate risk, with 95% confirming it will have a significant impact on portfolio construction over the next two years according to BlackRock’s 10th annual Global Insurance Report.

Environmental risks rank bottom of business leaders' concerns

Environmental issues are at the bottom of business leaders’ concerns and set to fall further in 2022 according to specialist insurer Beazley’s new report Spotlight on Environmental Risks.

Climate risks: Investment capital needed to protect global economy

Resilience to severe climate impacts will only be possible when existing systemic market failures are addressed according to a new report Risk & Resilience by Coalition for Climate Resilient Investment (CCRI).

Senior citizens targeted by ransomware, young fall for TikTok

Older and younger generations are targeted differently by cyber attackers based on the primary device they use to go online.

5,000 new homes to be built in areas at highest risk of flood

Over 5,000 new homes have been approved to be built in the UK in areas that are at the highest risk of flooding according to a new report released in November 2021.

US: Climate change will push up property insurance costs

Homeowners and residential real estate investors in the US should be prepared to face a rise in property insurance rates according to real estate financing solution provider SitusAMC.

Looming threat of fraud on global insurance

Nearly 60% of those responsible for thwarting the multi-billion-dollar threat posed by global crime rings are not yet up to the task according to a new study by the Coalition Against Insurance Fraud.

Over half of patients don't trust telehealth services

A new study by cyber security firm Kaspersky has revealed that while 91% of medical organisations have already implemented telehealth capabilities, almost 52% of the patients refuse to use these services due to security concerns.

One third of critical infrastructure organisations will experience a security breach by 2025

By 2025, at least 30% of critical infrastructure organisations will experience a security breach that will result in the halting of operations- or mission-critical cyber-physical system according to a new survey by Gartner.