Risk Management

The new battlefront is hackers exploiting human vulnerabilities, not systems or software. Coverage needs to adapt. 

There is one common thread: Organizations must understand where data is located, the context of the data and if it is at risk.

Pressure from threat actors will increase, but innovations will provide tailored coverage options and services to curtail threats. 

Recognizing your cognitive biases (confirmation, availability, etc.) is the first step toward sidelining them and making better decisions.

Cyber and business interruption top Allianz's annual survey, while nat cats, fire, explosion and political risks are the biggest risers. 

Political risk, financial pressures, the complexity of AI, fallout from bank failures and claims related to ESG all pose challenges.

When adjusting catastrophe models for current and future climates, consider whether unquantified risks could be lurking in the tail.

Though historically neglected, agribusinesses now have innovative technologies, granular data and specialized risk management tools.