We are thought leaders in global strategy, policy and risk, contributing frequently to advancing the standards of practice and knowledge in these domains. See below for expert analysis on risk management, insurance, and other topics.
As employers grapple with the impact of medical inflation to their benefits budget, brokers can provide critical assistance. Risk Cooperative helps organizations navigate the complex world of health insurance and ...
Recognizing when it’s time to move on from your current benefits broker is essential for continued growth and success. Stay informed. Our Insights Newsletter highlights the latest news and analysis ...
With the potential to significantly reduce healthcare costs while providing a more individualized care, DPC is rising in popularity among patients and employers. Stay informed. Our Insights Newsletter highlights the ...
The Biden Administration’s mental health strategy holds the potential to usher in a new era of mental health care in the U.S. Stay informed. Our Insights Newsletter highlights the latest ...
Current legal trends cast a shadow over claims management, but partnership between claims and legal could be the necessary light in the darkness. Below is a summary. Additional details are ...
Andres Franzetti, CEO and Cofounder of Risk Cooperative, shares where he thinks the risk management industry could grow and how the pandemic fostered resiliency. Below is a summary. Additional details ...
The benefits package an employer can now provide an employee goes well beyond what was once the status quo. Below is a summary. Additional details are outlined in the full ...
First a 2023 Employee Benefits Power Broker award winner, and now named a Risk & Insurance Rising Star, Derrick Wong embodies Risk Cooperative’s commitment to serving clients with all-around excellence. ...
Employers need to support the resiliency of their workforce amid ominous economic conditions in 2023. Below is a summary. Additional details are outlined in the full article, written and published ...
Reviewing our predicted 2022 hurdles to pandemic recovery, we take a fresh look at how these issues are still at play one year later. Stay informed. Our Insights Newsletter highlights ...
As climate-related disasters increase, insurers need to rethink their approach to insuring against the risks posed by climate change. If they want to stay in business, they must make combatting ...
In the ‘new normal’, companies of all sizes have prioritized operational resiliency, yet succession planning remains a large gap for many small- to mid-size business. Below is a summary. ...
Despite surging demand for their services, low wage home health workers are often without proper healthcare themselves. Below is a summary. Additional details are outlined in the full article, published ...
M&A is surging in health care. Les Williams weighs in on the risks and rewards of industry mergers and acquisitions. Below is a summary. Additional details are outlined in the ...
While airline profitability remains elusive and traveler numbers unpredictable, the industry must look at ways to mitigate airline business interruption risk. Below is a summary. Additional details are outlined in ...
Using demographic information as a proxy for assessing risk, traditional underwriting models have created unequal access to insurance. Stay informed. Our Insights Newsletter highlights the latest news and analysis on ...
Disruptions to the global supply chain, made vulnerable by COVID and destabilized by war, could be exacerbated by Russian sanctions. Below is a summary. Additional details are outlined in the ...
How can employers support the paradigm shift in how employees feel about work, while maintaining standards of service and productivity? Below is a summary. Additional details are outlined in ...
Expanding their value proposition, Anthem is the most recent health insurance provider to rebrand and reposition their role for consumers. Below is a summary. Additional details are outlined in the ...
The ongoing Russian aggression in Ukraine has highlighted the resolve of the Ukrainian people and the highly volatile nature of our geopolitical landscape. Stay informed. Our Insights Newsletter highlights the ...
Recent, tragic residential building fires in NYC and Philadelphia are a wake up call for housing safety reform. Below is a summary. Additional details are outlined in the full article, ...
Though “Medicare for All” was backed by many federal lawmakers, the legislation never came to pass despite reaching a fever pitch in 2019. Stay informed. Our Insights Newsletter highlights the ...
Recalling our 2021 predictions, we take stock of the lessons-learned in the past year in order to help build resiliency for the coming year. Below is a summary. Additional details ...
As the world closes the chapter on the second year of the pandemic, the risks created by the novel coronavirus continue to impact humanity. Our 2022 predictions include four key ...
When cyber attacks on hospitals threaten effective medical care, which party is responsible for patients’ outcomes? Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, ...
Global cooperation became more problematic during the pandemic with the rise of vaccine nationalism and other forms of protectionism. We must shift toward paradigm of cooperation post-pandemic to meet ...
The pandemic exposed deficits not only in our healthcare infrastructure but in how we care for our workforce. More flexible work schedules and better access to childcare and mental ...
Global supply chains were strained by COVID-19 barriers to trade and travel, yet climate change and cyber threats will challenge future supply chain resilience.
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Government contractors must meet more stringent vaccine requirements to remain competitive.
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The time has come to form uncommon coalitions—focused on action—to manage multifaceted global problems.
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While no evidence has linked climate change and the Surfside collapse, many speculate it could be a factor.
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As the U.S. economy returns to normal, businesses turn to upskilling their workforce to navigate the challenges of the post-COVID world.
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A recent ransomware attack on the Colonial Pipeline left much of the Eastern U.S. in fear of serious fuel shortages. This attack highlights inconsistencies and weakness within the U.S. ...
Hospitals weathered massive financial hits in 2020 and it's likely that COVID-19 will impact the industry throughout 2021.
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The COVID-19 pandemic has taught us the world can accomplish a lot when countries work together.
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To enact a meaningful climate plan, investing in climate-resilient infrastructure needs to be a top priority.
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While the debate over extreme weather causality rages on, the impact these harsh events have on U.S. infrastructure cannot be disputed.
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Originally published about California in May 2018, this article could just as easily answer the question, "How can we build energy resilience and avoid future crises?" in the aftermath ...
Even though pandemic preparedness and biodefense have had ardent and clarion supporters, COVID-19 proved how ill-prepared we were to combat a 100-year pandemic.
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An abundance of injuries in Amazon warehouses may damage more than just the e-commerce behemoth’s reputation.
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The events unfolding in the wake of the GameStop drama involving “David” retail investors and “Goliath” institutional investors will be immortalized in investor lore for generations to come.
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With 2020 officially “in the books,” focus now shifts to what the year ahead has in store.
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Amazon, Berkshire Hathaway and JPMorgan Chase have announced their joint venture, Haven Health, would be shutting its doors.
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Businesses of all sizes should revisit their cyber insurance policies in the aftermath of this widespread attack.
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Many of the Top Risks to Prepare for in 2020 came to fruition as a direct result of the global pandemic.
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Insurers have been increasing their adoption of technology like blockchain to help build resiliency and manage risks.
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The pandemic has revealed vulnerabilities in the U.S. healthcare and economic systems, including the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public ...
While large corporations can afford to extend reopening timelines, smaller businesses need to rely on prevention, monitoring, and responding to a resurgence of COVID-19 in the workplace for the ...
The suspension of D&I programs may result in an increase of EPLI claims among employees who face real or perceived racial discrimination in an environment without D&I training.
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No country, community, or household (anywhere in the world) has been spared from the acute and attritional effects of climate change. So much so, that we must treat the ...
While 2020 has been a tumultuous year for risk managers domestically, California has seen more than its fair share of difficulties.
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With the present COVID-19 pandemic, many organizations have moved to ...
This piece was written for the 21st Century Diplomacy project to address climate change and financial stability. Learn More
As the global economy becomes increasingly interconnected, so too have the ...
Risk Cooperative helps organizations build cyber resiliency and implement pro-active cyber risk management strategies. Learn More
While 2020 has given the U.S. a multitude of challenges to manage simultaneously, a ...
This material has also been developed into a downloadable resource to read and share. Insurance Insights | Business Coverage
Insurance is a necessary function for organizations, although not all view ...
A Pandemic FDIC structure can provide the coordinated approach necessary to address the widespread impacts caused by novel diseases like COVID-19.
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Risk Cooperative helps organizations navigate the complex world of health insurance and employee benefits. Learn More
Running a business presents many challenges but working with your insurance broker should not ...
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The Chronicle of Higher Education has been working with Davidson ...
Risk Cooperative helps organizations navigate the complex world of health insurance and employee benefits. Learn More
Whether you need a comprehensive benefits package or general liability coverage, your insurance broker ...
Risk Cooperative helps organizations build cyber resiliency and implement pro-active cyber risk management strategies. Learn More
Imagine you are the CEO of a software company and you experience a ransomware ...
Contact us today Learn how you can safeguard your organization’s customers, resources, and future with a 30-minute consultation.
Despite COVID, deployment of requirements for CMMC compliance are moving forward, ...
Risk Cooperative helps organizations build resiliency and implement pro-active risk management strategies. Learn More
According to Educationdata.org, in 2019 the total number of international students studying in U.S. colleges and universities ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights This is the third and final installment of our business ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights This is the second of three installments of our business ...
This is the first of three installments of our business resiliency best practices, covering responses to an active crisis. Part two will address components of a post-crisis recovery. Part three ...
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Health insurance carriers have made efforts to support subscribers and ...
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The global pandemic has changed workplaces throughout the U.S., placing a spotlight on employers to reevaluate ...
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While the COVID-19 pandemic has caused health care facilities to ...
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Partnerships between technology firms and hospitals play an important role ...
Choose an insurance broker who's a trusted partner, invested in your success. Broker Resources
The United States has a long history of workplace conflicts, including personality differences, cultural expectations and ...
Choose an insurance broker who’s a trusted partner, invested in your success. Broker Resources When the Dean of Harvard Business School, Nithin Nohria, gave his inaugural interview with the school’snewspaper The Harbus in September ...
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The U.S. Supreme Court recently ruled unanimously against the arguments of Intel Corp. in a significant ...
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First identified in Wuhan, Hubei Province, China in December 2019, ...
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By Dante Disparte and Tom Ridge
Published April 24, 2017
When the ...
Choose an insurance broker who’s a trusted partner, invested in your success. Broker Resources The early part of 2020 has been dominated by uncertainty.We highlighted five key risks in our ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights UPDATED: February 28, 2020 Globally, the coronavirus has infected more ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights The Department of Defense has announced a new initiative to ...
Choose an insurance broker who’s a trusted partner, invested in your success. Broker Resources Healthcare in the U.S. remains a complex and costly item for all companies. From shifting regulations, ...
According to the World Economic Forum’s (WEF) top 10 business risks of highest concerns globally released this past October, the top 10 global risks are: Fiscal crises Cyber attacks Unemployment or ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights Thursday, January 3, 2020, may very well be an inflection ...
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Technology that once seemed like science fiction taken from a ...
This article was originally published on LinkedIn in January of 2015, just a few months after Risk Cooperative was founded. Its premise at the time was that risk was dynamic ...
Dante Disparte, founder and chairman of Risk Cooperative, recently co-authored a book entitled Global Risk Agility And Decision Making. The early chapters of the book discuss an issue that many risk managers ...
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September 20 through 27 commemorated a historic week around the globe.
According to ...
What happens when foreign powers start holding U.S. companies liable for gun deaths suffered by their citizens on U.S. soil? A whole new area and era of risk exposure. Read ...
This article was originally published at Forbes.com in November of 2018. Since then, Amazon has been quietly making moves to solidify its place in the healthcare conversation. From the formal ...
While this article was originally published in January 2019, the specter of a government shutdown is perpetually on the horizon. The effects of a shutdown are particularly acute for Federal ...
Subscribe to Insights Newsletter It happened again. According to the Texas Department of Information Resources, on August 16, 2019 twenty-two Texas towns were simultaneously targeted by a coordinated ransomware attack. ...
The enormous strain California wildfires place on the insurance marketplace requires alternative solutions to help communities recover. This article was originally written by Les Williams and published by Risk & ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights As the October 31st deadline for a Brexit deal draws ...
Subscribe to Insights Newsletter Health care has dominated each of the 2019 Democratic Primary Debates. The first question posed to the candidates on July 30th in Cleveland focused specifically on a ...
Equifax is back in the news with regards to its 2017 cyber breach which saw the records of 147 million Americans exposed. This time around however, it’s not Equifax’s cybersecurity ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights UPDATED: March 2, 2020 Boeing’s woes continue into 2020. According ...
Cyber risk has become as ubiquitous within the American lexicon as apple pie, yet few truly understand it or even worse how truly exposed to it they are. Over the ...
Earlier this Spring, Tesla announced that it would be rolling out loan programs for its employees. This unique announcement offers a ray of light for employees during an otherwise cloudy ...
For most people, their property is their principal financial asset. For those so fortunate to have more than one property, whether a vacation home or a source of “side-hustling” revenue ...
Since the mysterious Satoshi Nakamoto white paper first spoke of a “peer-to-peer version of electronic cash” more than a decade ago, social impact applications for blockchain, bitcoin’s underlying technology, have ...
The city that reads, Baltimore, is only the latest U.S. city to fall prey to a crippling ransomware attack. This time, the attackers appear to have leveraged a new ransomware ...
Blockchain technology, like other innovative breakthroughs before it, is undergoing a rapid prototyping and adoption phase. A big percentage of the largest companies in the world are embarking on all ...
Putting ethics front and centre of senior management decision makers is vital if risk managers want to stay ahead of ethical violations, says Dante Disparte, founder and CEO of Risk ...
Smart Dubai, an ambitious technology-powered transformation project that aims to put a smile on the faces of the residents of the city-state, is now making a big bet on the ...
The right to trial by a jury of peers formed from and representing the diversity in a community is a unique feature of the U.S. legal system, along with numerous ...
As more and more policymakers and elected officials in the U.S. and around the world try to flex their regulatory muscles on cybersecurity and privacy, calls for a citizen data ...
As one major technology player after another enters the enterprise blockchain arena, each promising some blockchain-based magic bullet such as end-to-end supply chain tracking without fully answering the essential question ...
Peer to peer money transfers across borders, or remittances in the short form, are arguably the world’s most important international cashflow. Compared to other cross-border capital flows, such as foreign ...
Risk Insider Les Williams, partner and chief revenue officer of Risk Cooperative, recently shared his insights on some of the top challenges facing the insurance industry today, from talent recruitment ...
As 850 years of world heritage burned in Paris, with the dreadful scenes the heart of France Notre Dame cathedral set ablaze, the morning after will show a shell of ...
As leaders gathered for The World Bank Group and International Monetary Fund’s spring meetings in Washington, D.C., the question of how to confront and reverse the tide of extreme poverty ...
The month of April is “Celebrate Diversity Month,” which begs the question for many: What exactly is diversity? We sometimes hear the word ‘inclusion’ used along with diversity, as in ...
While the threat of ransomware has been around for a while, new more potent strains of this attack vector have emerged. From the May 2017 WannaCry dragnet, which held computer ...
For a firm that has grown accustomed to long lines and breaking the retail mold, Apple’s March 25th event marked new territory for the firm, the world’s first trillion-dollar company, ...
In October 2018, a Boeing 737 Max 8 Lion Air jet crashed shortly after takeoff from Jakarta claiming the lives of 189 people. Just last week, a similar model aircraft ...
The scope, scale and cunning of the college admission conspiracy that has embroiled more than 50 elites, including Hollywood stars Lori Loughlin and Felicity Huffman, CEOs, prominent lawyers and others, ...
Presidential candidate Sen. Amy Klobuchar (D-Minn.) is again taking aim at Big Tech — this time with an audacious idea to tax big technology companies when they share users’ data. ...
You know the enterprise blockchain wars are heating up when a ConsenSys enterprise blockchain startup, Kaleido, partners with not one, but two technology majors that collectively comprise 80% of public ...
t was a fitting scene, on a fitting day, at a fitting place to sit down for an exclusive interview with Dr. Aisha Bin Bishr and her colleague Zeina El ...
The imperative to equip the governance bodies of companies with diverse directors has never been higher – how the U.S. gets there is up for grabs. The EU has already ...
IBM, a global leader in technology services spanning hardware, software and cybersecurity, has deployed its considerable cybersecurity SWAT team, X-Force Red, to the growing enterprise blockchain arena. While blockchain as ...
Ransomware is a business and as such, it has rules, requirements, customer support, and a driving need for customer loyalty and trust. Trust your attacker? Featuring commentary by CEO, Dante ...
With a tempering of blockchain fanfare as the technology crested the peak of the hype cycle, Oracle’s two-year-old foray into the blockchain domain may have gone largely unnoticed. Especially as ...
Fewer places offer a more compelling (and urgent) case for digital transformation than the affairs and functioning of states and cities. The world over, national and municipal governments continue to ...
In the world of cryptocurrencies, after Nouriel Roubini, an economist of repute for calling market failures and pouring cold water on crypto, Jamie Dimon, JP Morgan’s chairman and CEO, may ...
Release date: February 12, 2019 Release Number: HQ-19-006 WASHINGTON—FEMA announced today that Administrator Brock Long appointed 10 new members to serve three-year terms on FEMA’s National Advisory Council (NAC). The ...
As if crypto winter could not get any colder, the bizarre case of QuadrigaCX, a Canadian cryptocurrency exchange, is both a bucket of cold water and a 101-level lesson in ...
Now that the longest and most damaging government shutdown in U.S. history is over (at least for the next few weeks), the lingering uncertainty that this will not happen again ...
In the world of cryptocurrencies and digital assets, which by default are intangible, trust, risk management and reasonable assurance are key. One firm, Gemini, started by bitcoin billionaires the Winklevoss ...
Now that the 21st government shutdown has ended — the longest and most damaging in U.S. history — at least temporarily, a clarion call was sent declaring that not even ...
While one of the main criticisms of cryptocurrencies is their use in crime, particularly financial evasion and ransomware payments, crypto criminality appears to be taking a new violent turn. The ...
Last year, at the World Economic Forum, blockchain was one of the most widely cited words echoing through the alpine town of Davos. So much so that it signaled how ...
As the world’s elite gather in Davos, Switzerland for the 49th World Economic Forum annual meeting, perhaps the most notable aspect of the event so far is the absence of ...
Midnight Saturday, December 22, 2018 marked the beginning of the longest United States Federal Government shutdown. While there have been 20 previous government shutdowns in our nation’s history, Shutdown 21 ...
It is unsurprising that the U.S. descent into political tribalism, where red lines and blue ones are uncrossable, would also produce the longest government shutdown in U.S. history. Like the ...
Crypto winter, which has produced a massive market correction on bitcoin and other cryptocurrency prices, may now extend the big chill on blockchain as well. Beyond the rather convenient management ...
It is unsurprising that a risk that evolves according to Moore’s law would continue to outpace the world’s ability to put cyber threats in check and privacy in focus. 2018 ...
For the first firm to crack the trillion-dollar valuation ceiling, Apple’s performance is usually a bellwether of broader market confidence and conspicuous consumption among fawning technophiles. It should worry more ...
As we enter the final year of this decade, the list of concerns that will keep risk managers up at night continues to grow. The inextricable linkages between political, economic, ...
It seems fitting that a year as turbulent as 2018 ends at the edge of chaos. The month of December, a period where business and markets are usually buoyed by ...
If 2018 was the year blockchain came out of beta, it is also proving to be the year of the great crypto correction and the culling of unstable coins and ...
While Europe and France have a long history of popular manifestations, something feels different about the gilet jaunes movement, which has not only remained a persistent weekend phenomenon in France ...
Since 2013, more than $12 billion has been unwittingly sent by 78,617 firms through the successful exploitation of CFOs and finance leaders in the U.S., UK and Europe. These usually ...
The trajectory of the $87 trillion global economy seems to be on a collision course with economic variables that were once thought to be safe or “conforming” to long range ...
Credit-fueled consumerism is the grease that oils the U.S. economy. The economist Thorstein Veblen popularized the notion of conspicuous consumption, which explains why people covet luxury items and the latest ...
Last year, California’s fire season was the worst on record, both in terms of loss of life and destruction of property. In keeping with a national pattern of increasingly severe ...
After much national fanfare, Amazon, the second firm to join the trillion-dollar club, has announced the new homes of its much sought after HQ2. Not one home, but two, as ...
For Californians — many of them inured to routine annual fires, mudslides and earthquakes — a key question is not whether to rebuild when catastrophe strikes yet again. It’s whether ...
Many would argue that the enthusiasm for blockchain and cryptocurrency is waning. Indeed, according to Gartner’s hype cycle, blockchain is tumbling into the trough of disillusionment where the fleet of ...
I reached out to over 30 CEOs running blockchain startups across the world. I wanted to ask them a couple of simple questions. What are you most excited about right ...
A failed series of coordinated mail bombs targeting the “liberal establishment,” including the Obamas, the Clintons, Joe Biden, George Soros, CNN, former CIA director, John Brennan, Eric Holder, representative Maxine ...
In risk management there is an adage that complex systems fail in complex ways. Yet, many risk management approaches deal with risk as if it were a discrete, time-defined event, ...
For the world’s elite, what bankers and financial services providers refer to as private clients, the mass affluent or the ultra-high net worth, the lines between their personal wealth, assets ...
A new report looking at the behavior, market conduct and outcomes of ransomware attacks, suggests that there is not only honor among cyber thieves, but that the ransomware market is ...
The economist, Nouriel Roubini, who goes by the apt nom de guerre Dr. Doom, has made a declaration of open warfare against cryptocurrencies and blockchain, or what he refers to ...
In Roman mythology the two-faced god Janus has one face looking forward towards the future and one backward toward the past guarding against any lurking surprises. This may be an ...
Elon Musk, Tesla’s crestfallen chairman and CEO, is arguably a controversial leader. At once heralded as the type of prolific entrepreneur and visionary for whom space and the internal combustion ...
The concept of a financial or technology sandbox, popularized over the last decade, is gaining sway around the world, particularly as regulators try to put cryptocurrency, blockchain and technology genies ...
Today marks the one-year anniversary since Hurricane Maria’s deadly direct hit on the island of Puerto Rico. The devastation to Puerto Rico’s already enfeebled infrastructure was so complete that the ...
It may not be widely known looking at the embarrassment of riches on Wall Street, but the world’s best hope of reining in the modern era’s four horsemen riding on ...
Cybercrime damage costs are predicted to hit $6 trillion annually by 2021, however the Trump administration’s recent repeal of the Presidential Policy Directive 20 could see that number increase dramatically. ...
As Hurricane Florence intensifies in the Atlantic Ocean and is expected to arrive on the Southeast coast of the U.S. as of strong category 4 or category 3 hurricane, the ...
Just because today’s tech titans are the new robber barons, does not mean data is the new oil. This oft made comparison not only smacks of convenience, it lacks imagination, ...
With the world’s population skyrocketing to 8.5 billion over the next decade, and global food demand expected to increase by 70% through 2050, there is growing pressure on the agriculture ...
The Connection Between Diversity, ESG and Profitability Recent research has underscored the strong relationship that exists between diversity among leadership and ethical behavior, and superior resilience and long-term profitable sustainability. ...
We cannot protect our electoral systems from cyber and misinformation risks by today’s standards. Whether the threat is domestic or foreign, it has become increasingly clear U.S. midterm elections (and ...
For a sector where the outcomes matter so much more than the inputs, the diagnosis on the U.S. healthcare industry is not great. The prognosis is not much better, especially ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights Of the $337 billion in insured losses from disaster ...
A video montage superimposing the faces of CEOs from the top 100 firms on the Fortune 500 list reveals a startling lack of diversity showing only 2 women, Marry Barra ...
Apple’s gravity defying exploit in becoming the world’s first trillion-dollar company is no small feat. It is very likely the next firms to join the trillion-dollar club will all benefit ...
2018 must be a bitter sweet year for Mark Zuckerberg, Facebook’s founder and CEO. He has at once become the world’s 3rd richest person, while at the same time the ...
“Risk is everywhere,” says Noah Skillin, MSRM Class of 2018. “It’s in all organizations, and it’s not going away. We live in risky world; it continues growing, and the question ...
You know we are at the top of the hype cycle on blockchain and cryptocurrencies when examples of peak crypto include glistening fleets of Lamborghinis as a reflection of price ...
The world is an increasingly the turbulent place, with natural, man-made and emerging risks etching the landscape. 2017 may very well mark the beginning of what is now considered a ...
An indictment of 12 Russian operatives filed on July 13, 2018 goes to great lengths in describing the techniques, tactics and technologies used to sow havoc on the 2016 U.S. ...
As of the first quarter of 2018, Twitter boasted of more than 336 million monthly active users (MAU), the key performance indicator tracked by social medial firms and their investors. ...
Since the earliest times our social rhythm has been set by the natural world. The rise and fall of the sun and moon, the firmament full of stars and other ...
The 88-year-old Bank for International Settlements (BIS), a concentration of 60 central banks representing 95% of global GDP, does not like cryptocurrencies but is compelled by blockchain. In a newly ...
A new cryptocurrency startup, Reserve, with backing from investors including Peter Thiel and others, aims to solve one of the biggest challenges with cryptocurrencies. Namely, price stability and functionality as ...
The SEC’s increasingly favorable posture towards decentralized cryptocurrencies, such as Bitcoin and Ether, signals that a bellwether regulatory regime is emerging and with it a pathway for broader institutional adoption. ...
When President Trump was elected his posture on global trade and the international system were quite clear. The campaign slogan “Make America Great Again,” rooted in economic nationalism, says it ...
First launched in 2015, an update to the Lloyd’s City Risk Index, a collaborative effort with the Centre for Risk Studies at Cambridge University, acknowledges that we are firmly in ...
A particularly damning report published by the New England Journal of Medicine, which can hardly be characterized as fake news, shows the likely death toll in Puerto Rico following hurricane ...
Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for sizable ...
At last week’s Blockchain in Insurance Summit, there were contrasting views about the potential for blockchain. The majority of incumbents focus on the efficiencies that blockchain digitization can bring. Others ...
The profit motive, which has driven private enterprise since prototype multinationals emerged more than 500 years ago, such as Portugal’s Casa da Índia or the British East India Company, is ...
At the Blockchain for Insurance summit in London, a gathering of major insurance players, technologists and thought leaders promoting digital transformation using blockchain, a clear pattern is emerging. While the ...
There’s an increasing number of entrepreneurs looking to put their newest product “on the blockchain” — from food delivery to social media to dating apps. One startup is doing something ...
Solar panels. Batteries. Emergency fossil fuel-fired generators. They’ve all been deployed across Puerto Rico to help get the lights back on in the months following devastating hurricanes Irma and Maria. ...
May is here and like Y2K before it this may be one of the more cautiously anticipated moments in business because of the oncoming wave of privacy and cybersecurity regulations ...
Insurer Beazley BEZG.L has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. The registry ...
After 2017, which was an annus horribilis for the world with an unprecedented wave of man-made, natural and emerging risks, two critical flaws in the insurance industry’s operating model were ...
It does not matter if you are small or big; hackers do not discriminate. While larger companies have a legal team and big pockets to recover from breaches, smaller companies ...
Blockchains record trust like an atomic clock records time. Unlike trust, time marches ever forward and is irreversible. What if trust could be recorded in the same manner, with exactly ...
For Starbucks, a company that has had its mix of praise and criticism for its proactive stance on addressing race relations in the U.S. with its Race Together campaign, it ...
It is ironic that the economic infrastructure contributing most significantly to global carbon emissions, is also the most vulnerable to its climate-changing impacts. Insidiously, the people who suffer the most ...
The grinding civil war in Syria, already a fierce proxy battle between the U.S., Russia, NATO allies, Turkey, Israel, Iran and Isis, has entered a new and perilous stage with ...
Time has run out on the city of Atlanta to respond to cyber extortionists who have successfully crippled several critical systems across the city. From first responders like the police ...
Well before Hurricanes Irma and Maria delivered a one-two punch to the U.S. territory of Puerto Rico and the wider Caribbean, Puerto Rico has had its fair share of dubious ...
If the internet created a world of low friction communication, blockchain can create a world of low friction value transfer. Indeed, blockchain’s power to transform the world can only be ...
The coat of Teflon that usually shields Facebook and its affable leader, Mark Zuckerberg, who has matured into a techno statesman in the public eye, is beginning to wear thin. ...
The recent news that the Kingdom of Saudi Arabia is postponing the planned IPO of Saudi Aramco stock to 2019 is both a challenge and an opportunity. Saudi Arabia, under ...
In a grim case of societal Darwinism mixed with tragic irony, 147 million people struggle to protect their identities due to the Equifax breach (which recently added 2.4 million additional ...
As Bitcoin’s price vacillates between a high of $20,000 and the current figure of $11,063, the most widely known cryptocurrency is not alone in the digital asset universe, nor is ...
Under the decidedly grim moniker creating a shared future in a fractured world, the world’s elite gathered in Davos, Switzerland for the annual meetings of the World Economic Forum. Awaiting ...
Long before Hurricanes Irma and Maria delivered their knockout blow to Puerto Rico and many islands in the Caribbean, the U.S. territory was suffering a long-standing economic malaise. The human ...
While we may not realize it, a mix of natural tendencies, social norms and codes of conduct give us an almost algorithmic framework to how we make decisions. Add in ...
Puerto Rico is now ground zero for U.S. emergency response and public health efforts to avert a worsening humanitarian crisis. Puerto Rico, the U.S. Virgin Islands and other parts of ...
Long-term asset holders, such as pension funds, sovereign wealth funds and insurers, hold their capital – and with it the retirement, security and educational dreams of their customers – in ...
Disaster fatigue is an understatement for how insurers, first responders and relief agencies such as the U.S. Federal Emergency Management Agency must be feeling about 2017. Communities around the world ...
For a digital asset that began its life in 2009 and began the year trading around $1,000, the fact that Bitcoin is set to break the $10,000 ceiling is certainly ...
Uber is truly a fascinating company. The 8-year-old firm is at once the source of strategy and business model admiration, as well as the source of a growing volley of ...
The motto of the United States is E Pluribus Unum – out of many one. At no time is this message of unity more important than during times of crisis. ...
When Hurricane Hugo destroyed my house in Punta Las Marias, Puerto Rico in 1989, I had just turned 12 years old. The category 3 storm devastated much of the island, ...
A bold, innovative vision is emerging for how to rebuild after hurricanes Irma and Maria battered the island’s shattered infrastructure. But some worry the staggering challenges could overshadow it. As ...
Yardley, PA, October 18, 2017 – Gamma Iota Sigma (GIS), the insurance industry’s premier talent pipeline, is pleased to announce the appointment of new members and changes to the Executive Committee and Board ...
Risk Cooperative, a specialized insurance and risk advisory firm, has been approved as a Lloyd’s coverholder giving it the ability to provide up to $10 million in stand-alone cyber insurance ...
For many decades, climate scientists have warned of an accelerating rate of climate change, which would bring about more extreme weather patterns heralding an age of consequences. These dire warnings ...
The Earth’s climate is changing at a rate that has exceeded most scientific forecasts. Since the turn of the century the Earth’s surface temperature has increased over one degree Celsius, ...
Today, nearly two weeks after Hurricane Maria slammed into the island, Puerto Rico should be in the midst of a recovery process, instead power is out for the entire island. ...
The massive Equifax data breach of 143 million personally identifiable records – a staggering treasure trove of data on nearly the entire U.S. workforce – changes everything or at least ...
When New York Gov. Andrew Cuomo arrived in a Maria-devastated Puerto Rico Friday, he brought with him a half-dozen electrical generators – coveted assistance for an island that officials estimate ...
No sooner than the record-breaking hurricane Irma wrought havoc across the Caribbean as the most powerful and persistent Atlantic storm ever, the region braces for yet another monster category 5 ...
Reports that Equifax’s chief information officer along with their chief security officer were retiring should alleviate few concerns and not divert scrutiny from the company’s risk governance standards. While this ...
No sooner than hurricane Harvey’s nuclear rain bomb devastated Houston and parts of the Gulf, strained disaster response and recovery resources turned to hurricane Irma. Irma, a monstrous category 5 ...
Since hurricanes Harvey and Irma have unleashed their wrath on the U.S. – 2 ‘thousand year’ and $100+ billion in damage events in one month – the battle lines that ...
Equifax, one of the 3 major credit bureaus in the U.S., recently revealed a cyber breach resulting in the exfiltration of more than 143 million personally identifiable records – these ...
If the internet augured a world of frictionless information sharing, can blockchain augur a world of frictionless value transfer? A standards war – or better still a use case knife ...
In this debut issue of Risk Matters, we present curated content and wide ranging analysis from Risk Cooperative’s team of experts, as well as our featured guests and risk leaders. ...
An undeniable change is afoot. No country is spared from the forces of digital disruption. Experts are sounding dire warnings of a near-future that will be profoundly disrupted by digitization, ...
As the countdown clock continues to speed toward the May 2018 imposition of the General Data Protection Regulation (GDPR) in Europe, many public and private sector leaders remain either oblivious ...
With our propensity to connect every gewgaw and curio in our lives to the internet, the surface area and vectors of cyber threats are expanding exponentially with each Consumer Electronics ...
Artificial Intelligence (AI) broadly refers to the study and creation of information systems capable of performing tasks that resemble human problem-solving capabilities, using computer algorithms to do things that would ...
At a board meeting of a top ten multinational corporation, the question of whether to invest $80 million in a project in an African country was discussed. The President of ...
Set on Sir Richard Branson’s Necker Island, the third annual Blockchain Summit, hosted by BitFury, a leading full service Blockchain company, and Bill Tai, a venture investor and technologist, has ...
Data reusability will lessen the response time to emerging opportunities and risks, allowing organisations to remain competitive in the digital economies of the future. If data’s meaning can be defined ...
Risk Cooperative CEO Dante Disparte sits down with Brunswick’s Siobhan Gorman to discuss how cyber attacks are redefining what “risk” means for M&A The infamous political adviser Niccolò Machiavelli wrote, ...
Some lawyers and insurance professionals are still getting up to speed on “blockchain” – the technology that allowed bitcoin and other cryptocurrencies to develop, and that many experts say has ...
While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or ...
Are you concerned about cybersecurity? You should be. We read of Russian meddling in our last election. We hear about ransomware attacks bringing large and small organizations to a standstill. ...
The use of blockchain technology is taking a small step forward in the commercial insurance industry as early efforts aim to highlight how the tool can be used to streamline ...
It was recently announced that the largest financial institutions in the U.S. all passed their regulatory stress tests, which gauges their financial soundness against a 2008-style crisis. This “clean bill ...
The ability to effectively manage cross-border risk used to be considered either something an international business may not need or could not afford, but the risk management landscape has experienced ...
U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion ...
Blockhain technology company The Bitfury Group said it is partnering with the Washington, D.C. insurance advisory and brokerage firm Risk Cooperative to pioneer blockchain applications in the $60 billion insurance ...
U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion ...
Stay informed. Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk. Subscribe to Insights With the Trump Administration’s surprising U-turn on the COP21 Paris ...
The increasingly uncertain political landscape around the world has bewildered politicians, pundits, and businesses alike. Yet, bullish equity markets and a low global volatility outlook has stumped even the most ...
Prime Minister Theresa May has called for international agreements to regulate the internet, after a spate of terrorist attacks in Britain. This is long overdue, and May is right to ...
How well do your benefits attract today’s top talent? Despite best efforts to contain costs and broaden coverage under the changing health-care-reform political landscape, providing employee benefits remains one of ...
Two devastating terror attacks in the UK in as many weeks, remind us of the vulnerability in the West to domestic and transnational acts of terror. Soft targets, such as ...
While it was Alan Joyce, CEO of Qantas who suffered the ignominy of pie in his face, despite the Qantas’ otherwise stellar reputation. He is perhaps an unfair emblem of ...
Data is a strategic asset that allows companies to acquire or maintain a competitive edge in the knowledge economy. To unlock the hidden value of data, firms should treat data ...
The importance of project finance in promoting infrastructure development in the developing world is well known. Without the billions of dollars of support generated for infrastructure projects using project finance, ...
As the scale and complexity of the cyber threat landscape is revealed, so too is the general lack of cybersecurity readiness in organizations, even those that spend hundreds of millions ...
As the scale of the WannaCry cyber-attack continues to astound security experts and law-enforcement officials, we need to realize that its unprecedented spread, spanning more than 150 countries, occurred over ...
Financial institutions recognize the importance of valuation of intangible assets, but few of them recognize just how valuable their data is, and how critical it can be to the success ...
High level jurisdiction risk assessments alone are often too broad in scope to include in anti-money laundering policies; Micro-jurisdictional risk analysis could help allay model bias. Some aspects of AML ...
With the ongoing attempts to repeal the Affordable Care Act, one key argument against the ACA is that the mandate for all individuals to have health insurance coverage strips Americans ...
It stands to reason that rising populist sentiments combined with economic and social turmoil, particularly in single-cylinder economies, will give rise to economic nationalism. This tendency naturally coincides with a ...
Economic nationalism is upsetting the risk management landscape by presenting challenges in once stable environments. Economic nationalism not only has an impact domestically but presents significant risks for the global ...
In the summer of 2007, an unexpected threat was on the horizon for the U.S. and global economy. August 2007 marked an opening salvo in how systemic risk can affect ...
Anti-money-laundering rules have always been a challenge in the financial services arena, with regulatory bodies demanding high standards of compliance and levying fines for noncompliance. Financial institutions have long struggled ...
As United Airlines hits a completely avoidable yet violent bout of reputation turbulence over its aggressive customer disservice, we must ask how one of the world’s largest airlines could suffer ...
The transformation of Latin America’s economy towards knowledge and technology dependence begs American businesses to engage more in the region than ever before. The “pink tide” of economic orthodoxy and ...
Cyberspace has been used to recruit, fund, coordinate, and execute terrorism for well over a decade now, however the threat posed by Virtual Terrorism (VT) has never been greater, nor ...
Despite all the headlines about risk and uncertainty – of which I have been a serial contributor – the world is flush with cash and ripe with opportunity. While the ...
Globalization was intended to eliminate borders for the benefit of the free flow of trade, investment, information and people. It has had a good degree of success in accomplishing that, ...
Senior executives and boards are learning the hard way that the buck does, in fact, stop with them. This is painfully true when it comes to risk governance and the ...
Few areas of technology are as contradictory as governance, risk and compliance. A company might do everything to be secure yet still not be in compliance. Evan Schuman investigates. For ...
International political observers were shocked by Brexit and then Donald Trump‘s US Presidential victory. These two events are potent enough to unnerve the contemporary global order: first, in matters relating ...
Man-made risks, such as cyberrisk, physical security threats and climate change—are the driving forces in the global threat landscape. Unlike natural risk, which remains a central preoccupation, man-made risks have ...
Confronted by so much short term political uncertainty and lack of coordination, many systemic risks, particularly in the financial sector and the economy writ large, are going unnoticed. One of ...
In our last article on Corporate Growth, Capital Style, we featured part one of a two-part interview with Natasha Barnes, a Technology Risk Services Manager at Aronson LLC, and Andres ...
Cyberattacks are becoming increasingly common and their impact on enterprises can be substantial and severe. When a company is breached, there can be significant financial repercussions, as well as negative ...
There is no doubt cybersecurity has become a key focus in establishing business resiliency. It is perhaps of most concern to those in the risk and insurance domain, who, in ...
VW has paid a deservedly high price for its emission scandal, with more than $20 billion in total fines, having suffered severe damage to its reputation, and with some of ...
As the world grapples with the consequences of an inwardly focused U.S. and UK, both of which rejected multilateralism in 2016 with the Brexit vote and the election of Donald ...
This article published in CFA UK’s magazine Professional Investor (PI) suggests that despite the fact that cyber-attacks occur with greater frequency and intensity around the world, many either go unreported ...
The Rebalance author Mercy Kuo regularly engages subject matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into the U.S. rebalance to Asia. This conversation ...
Political risk exists everywhere, as does uncertainty about how, when, or whether it will manifest itself in ways detrimental to international traders, investors, and lenders. For decades, conventional wisdom dictated ...
Since Lloyd’s was established in a London coffee house in 1688 by Edward Lloyd, the insurance industry has always had a property akin to gaming. In fact an insurance policy ...
In this era of dramatic, rampant, and incessant political change, predictions about the future can no longer be based either on conventional wisdom or historical precedent. We are, after all, ...
There is no denying that 2016 was a year filled with significant and tangible unanticipated events in the political, economic, and security realms. Whether considering Donald Trump’s election, the first ...
The United States and indeed the world are entering a period of great turbulence with unforeseen consequences at every turn and cascading events at every failure to anticipate risk and ...
Despite the fact that cyber-attacks occur with greater frequency and intensity around the world, many either go unreported or are under-reported, leaving the public with a false sense of security ...
Everyone pays a price for complexity, whether in the form of reduced profits in a business, diminished efficiency in the public sector, or excessive cost imposed on consumers, who must ...
President-Elect Trump’s threat to withdraw the U.S. from the Trans-Pacific Partnership (TPP) should be taken seriously, despite how mercurial he has already proven to be in failing to follow through ...
With a lame duck session of Congress looming, federal lawmakers are scrambling to push key legislative items through last-minute. One key area of concern is cybersecurity. Recent headlines have exposed ...
For decades, Asia was thought to be unable to translate populist political sentiment into change at the ballot box, with communist autocracies, military dictatorships and paternalistic strongmen ruling so much ...
For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. But as more organizations fall prey ...
This September, Puerto Rico suffered an island-wide blackout that left 1.5 million utility customers without power for more than 50 hours and reportedly resulted in multimillion-dollar losses for its already ...
Public and private sector experts are planning resiliency efforts to combat potential disaster losses and the problem of underinsurance. Representatives from the private and public sector met with policymakers and ...
Historically the principal forces shaping the world were of the cold economic variety. Trade growth, GDP, global integration were among the principal preoccupations of state houses and board rooms, interspersed ...
A recent study published in the “New York Times” highlighted an interesting discovery. Scientists researched how special operations soldiers and race car drivers achieved resilience during the physical and emotional ...
The damage that has been done to the American psyche as a result of this circus of a presidential election is disastrous and will have lingering consequences. The American political ...
With the growing number of firms falling prey to cyber risk, governance failures and market forces, there is a need for greater agility in how decisions are made and risks ...
History will remember the oversight of popular sentiment for American isolationism in the 21st century as one of the key mistakes of the American political system. The “unprecedented” trend towards ...
We have become accustomed to presuming that what has happened in the past will give us a good idea of what may happen in the future, whether in determining insurance ...
Uncertainty, volatility and correlations have crept into advanced economies giving rise to a dangerous mix of political risks and social upheaval typically reserved for emerging markets. According to Ian Bremmer, ...
Cyber security is a rapidly growing area of concern for executives across the world. The costs that can arise from a cyber breach can be catastrophic to a business. As ...
Argentina’s economic reforms have surprised investors around the world. Yet, double digit inflation and an economic recession have stifled progress moving forward for the country’s new president, Mauricio Macri. As ...
While electricity will eventually return to Puerto Rico following a massive island-wide blackout that left 1.5 million residents in darkness, it may take decades for the island to return to ...
It was not so long ago that managing political risk had a primarily developing world connotation, referring to those ‘other’ countries half a world away, where poverty, coups and corruption ...
For the past several years at various government agencies, there has been a growing gap between the need for Science, Technology, Engineering and Math (STEM) expertise and the availability of ...
Accurately measuring enterprise value (EV) has never been more important or challenging. Even more so because firms are confronted by growing volumes of data, and the stakes implied in misinterpreting ...
Traditionally, Latin America’s role in global trade has been impeded by the same anti-trade suspicions which are now discrediting the benefits of globalization in the United States. The TPP is ...
Thanks to a new law that went into effect last month, college students starting a new school year in Texas will be greeted with the newest in campus mainstays: concealed ...
The emergence of a new global power has often profoundly shifted the geopolitical landscape and caused considerable discomfort among the established order. China’s economic and political resurgence is doing that, ...
Across the U.S., like much of the world, fast-cycle news often drowns out pressing human challenges that should not only capture our attention, but garner our collective response over the ...
The recently completed work of the Anthropocene Working Group, a group of scientists studying the advent of a new geologic age – the Anthropocene – went largely unnoticed until recently. ...
While cyber risk continues to dominate headlines keeping many a board room, state house and situation room awake at night, those responsible for the physical infrastructure and the machinery that ...
Since Direct Recording Electronic voting machines first came into vogue in the U.S. in 2002, a team of cyber-academics (known as the Princeton Group) has been busy demonstrating how easy ...
The wave of mass casualty events across Europe and the U.S. raises serious questions about the cornerstones of liberal democracies, which are not only anchored in the concept of ‘freedom ...
The islands comprising the Spanish-speaking Caribbean, Cuba, the Dominican Republic and Puerto Rico respectively, not only have deep historical roots, dating to the colonial era, their paths to prosperity may ...
Ask yourself this question; during the last fire alarm at your job did you follow one of the building captains down the proper stairwell to safety, or did you cower ...
Citizens of any nation will naturally rally around their flag when they believe they are under attack, have been offended, or want to flex their muscles. Doing so has implications ...
The term “new normal” was previously used to describe the aftermath of the Great Recession and the economic impact it had on individuals, organizations, governments and societies. It has subsequently ...
Alarm bells should be ringing about the risks posed by cyberattackers who are penetrating physical infrastructure with greater frequency. Last December, Ukraine’s power grid was hacked, presumably by Russia, in ...
The concept of a supply chain as it is now understood borrows heavily from military strategy, where those armies that could assure the supply of critical materiel when it was ...
Over the past several weeks, hundreds of thousands of Venezuelans have crossed the previously closed border with Colombia to purchase the basic necessities they can no longer buy at home ...
As the tug-o-war pulling apart Europe’s political, social and economic cohesion plays out on the fringes – with the improbable Brexit vote on one side and the failed coup in ...
The world is being consumed by unforeseen man-made events that have taken the pundits and prognosticators by complete surprise. Whether it is the outcome of the Brexit vote, successive terrorist ...
China is not happy about Tuesday’s ruling at The Hague, which stated that its de facto expropriation of islands throughout the South China Sea is illegal. The Annex VII Tribunal ...
When I last visited Paris, exactly two years ago, Charlie Hebdo, Bataclan, the Brussels and Istanbul airport attacks, and this year’s other terrorist attacks had of course not yet occurred. ...
As the world reels from the once improbable unraveling of the European Union and the United Kingdom, grim prognostications of the economic and political fallout betray a more immediate and ...
The Brussels, Istanbul and Paris terrorism attacks on soft targets and airports are all designed to maximize fear among two target populations: citizens and tourists. Citizens of the places where ...
One of the most important reminders of the slaughter in Orlando and San Bernadino is that terrorists often prefer to attack “soft” targets because they usually lack strict security, and ...
When it first began at the end of December 2013 in a rural village in Guinea, the Ebola virus had been restricted to a few neighboring villages. By March 2014, ...
The threat of economic disruption to the global economy has never been greater than it is today. Countries and advanced economies the world over are facing threats on multiple fronts. ...
Despite the fact that cyber-attacks occur with greater frequency and intensity around the world, many either go unreported or are under-reported, leaving the public with a false sense of security ...
At the conclusion of the second World Bank Group Development Finance Forum, which brought together a select group of development experts, private sector players and thought leaders for working sessions ...
As risks have evolved from being phenomenological occurrences in the natural world, the twenty-first century is in many ways the era of man-made risk and man-stoked fires. From cyber risk–which ...
Man-made risks — such as cyber-attacks, climate change and terrorism — have become so prevalent and severe that they now impact most everyone, as well as the ability of organizations ...
Expropriation of foreign-owned assets—considered passé in the 1990s—became en vogue in the first decade of the 21st century, as the race to control national energy supplies and gain market share ...
by Dante Disparte and Daniel Wagner Technology continues to develop and change at a lightning pace. Socioeconomic forces are shifting. Collective revulsion at income inequality is growing. Concern about human ...
Now that the FBI has magically cracked an iPhone used by San Bernardino gunman Syed Farook, the vitriol has calmed down in Apple’s very public battle in defense of privacy. ...
The terrorist attack on the Brussels airport has once again raised question about airport and airline security. In spite of the many attacks on airports and aircraft that have occurred, ...
Since the earliest times, our social rhythm has been set by the natural world. The rise and fall of the sun and moon, the firmament full of stars and other ...
What is unforeseen is not necessarily something that was unknown, but rather was not predicted or anticipated. By contrast, what is unknown is ambiguous and a mystery, so it cannot ...
We are currently experiencing an unprecedented period of radical social, technological, economic, and political change. Policymakers across the globe are rushing to cope with this shifting landscape and must adapt ...
It is ironic that the first country to enforce the latest UN sanctions against North Korea by impounding a cargo vessel is the Philippines. That is because, until the election ...
The following presentation was delivered by Risk Cooperative CEO at Georgetown’s Center for Security Studies as a guest lecture analyzing the long range geopolitical and economic implications from climate change. ...
There has been plenty of discussion about the impact of the persistent low oil price on economic performance, employment, and political stability. Less discussed has been its impact on foreign ...
If Saudi Arabia sends ground troops to Syria, it would be the first time that the kingdom has fought two wars at the same time in the Middle East. In ...
Indian Prime Minister Modi invited French President Hollande to be the guest of honor at India’s Republic Day Celebrations in New Delhi last month. The seat is generally reserved for, ...
When competing with global headlines, which are keeping many a policymaker awake at night, Puerto Rico can hardly hold attention for very long — especially in a politically gridlocked Washington ...
China has long mastered the art of casually sitting on the sidelines while regional and global economic and political forces clash, then deliberately and swiftly swooping in to scoop up ...
The government of Saudi Arabia has been roundly criticized for its brazen attempt to retain oil market share while driving the price of oil into the ground, its beheading of ...
By Dante Disparte and Daniel Wagner Risk managers and decision makers may already have been inclined to think that 2016 will be a challenging year, but based on the degree ...
Last November Haaretz reported that Israel plans to open a rather unconventional mission in Abu Dhabi, which will mark Israel’s first diplomatic presence in the United Arab Emirates (UAE). The ...
It has become an annual ritual: at the end of every year, risk managers look into their crystal balls and try to predict what challenges and surprises may be in ...
Since the turn of the century, more people live in cities than in rural areas. This profound shift in human habitation heralds a new era – one rife with opportunity, ...
by Dante Disparte and James Sisco Traditional insurance coverage acts as a passive mechanism to protect against an unlikely but extreme financial loss. Particularly in emerging markets where historical loss ...
The horrific attacks executed by ISIS foot soldiers in Paris brings a new face of this menace to the West. This face more closely resembles al-Shabaab’s brazen attack on the ...
The term failure is often treated like a 4-letter word — one that would make your grandparent’s blush. No one wants their children to be failures when they grow up ...
While the noxious smog is still spreading over Volkswagen’s alleged emission-rigging, questions emerge about how and if the world’s largest automaker by volume can regain its footing. Mr. Matthias Mueller, ...
The central tenant of the insurance industry is that the law of large numbers drives down the average price of risk. This principle of diversification has broadly withstood the test ...
On June 10, 2015, at the 25th African Union Summit in Cairo, Egypt, African leaders signed the Tripartite Free Trade Agreement (TFTA). Prior to its signing, the agreement had been ...
As the Global Entrepreneurship Summit comes to a close and President Obama begins the second chapter of his African tour in Ethiopia, it is hard not to see the enormous ...
For all the research on the state entrepreneurship in Africa, and there have been many high quality studies like the collaborative project between Omidyar Network and Monitor Group, there is ...
White House invitation in hand, I am honored to speak at the Global Entrepreneurship Summit this weekend in Nairobi on the topics of innovation, navigating the funding cycle and entrepreneurial ...
As Uber continues to make headlines with both fawning stories of its hyper-valuation and grim tales of popular dissent, it is clear that risk is beginning to creep through the ...
Looking at the role of corporations in society, we have entered a new era. The model previously taken for granted, one guided by a philosophy of passive shareholder value creation, ...
For more than 80 years, the Export-Import Bank of the United States has played a central role in facilitating market access for U.S. firms and for providing a fixed price ...
In the past few years more than 80 innovative startup companies as of April 2015 have been valued at more than $1 billion. With the most innovative and those with ...
McKinsey recently extolled the virtues of their alumni network, announcing that approximately 450 ex-McKinsey consultants are CEOs of companies with more than $1 billion in annual revenues. This is an ...
The nation is facing a grave problem that threatens the economic future of every worker, every company, and the country at large. Over 9.1 million Americans are unemployed and millions ...
This week’s power failure in parts of Washington, D.C. are a reminder, as if one were needed, about the deplorable state of infrastructure more generally in the United States. Many ...
With the rise in popularity of shows like Shark Tank, The Profit and Restaurant Startup, funding a business may appear as simple as having a good idea and knowing your ...
With emerging technology causing a shift in consumer engagement, companies are being forced to revise their strategies to stay relevant to a younger consumer base raised on the internet. The ...
Entrepreneurs are often thought of as risk-takers and visionaries who sometimes pursue lofty goals well beyond their financial resources. Revered for their ability to either enhance the value of existing ...
For the first time in nearly half a century the discussion of lifting the Cuban embargo seems to have gained momentum. The recent easing of travel to Cuba in addition ...
As Puerto Rico careens towards a preventable default on its eye watering $73 billion public debt (which is greater than 100 percent of the island’s GDP), Congress would be wrong ...
While the small American territory of Puerto Rico struggles to overcome the most significant economic crisis that it has faced in its history, the importance of this affair is receiving ...
Countries the world over are seeking growth, leveraging a wide array of tools and incentives to entice business development. From tax incentives, to reducing regulatory hurdles, governments and investors alike ...
As the Paris UN climate summit nears, the halls of power in Washington and other major cities around the world are abuzz with activity. Diplomats, climate specialists and others are ...
MetLife’s recent designation by the Financial Stability Oversight Council (FSOC) as a Systemically Important Financial Institution (SIFI) has sparked furor by the life insurer and a series of lawsuits contesting ...
Lost in the morass of sensational news headlines is the impact such news can and does have on a risk manager’s ability to function effectively. While the focus so often ...
In a low interest rate environment, the search for yield is sending investors of all stripes to far flung places and uncharted territories looking for a decent return. These days ...
Today, roughly 95 percent of the world’s potential consumer population resides outside the United States. This substantial and largely untapped market is eager for consumer goods. International expansion has clearly ...
Last week the President signed the reauthorization of the Terrorism Risk Insurance Act (TRIA) of 2002, it begs the question whether a siloed risk transfer approach is the most effective strategy ...
In risk management there is an old adage that complex systems fail in complex ways. Yet, many risk management approaches deal with risk as if it were a discrete, time-defined ...
In today’s modern frictionless economy, the principal requisite for growth and order is the free flow of sensitive information, banking transactions and private data on a global scale. With this ...
As the scale and sovereign culprit behind the attack on Sony were revealed, the world awakens to the specter of an uncomfortable new normal emerging in warfare – cyber terrorism. ...
Home to around 42 million people and 28 island nations and territories; the Caribbean has a hard time competing for resources on the global stage. Yet, this region of the ...
As African leaders gather for the US-Africa Leaders Summit in Washington, it is hard to ignore Egypt. If countries can be too-big-to-fail, Egypt is that country for the North Africa ...
For most firms risk management is a necessary evil, increasingly consigned to being an adjunct to compliance, finance and other so called “business prevention” functions. Non-financial firms traditionally address risk ...
In this hyper-connected, globalized world, the traditional risk management model—in which risk is assessed on an annual basis and interaction with an insurance broker is typically limited to claims filing ...
The biggest risk in sub-Saharan Africa for firms looking to invest in the region’s growing insurance market, will be staying on the sidelines, says Dante Disparte and Papa Madiaw Ndiaye. ...
Firms are not only scrambling to compete in BRIC countries, they are also looking beyond the horizon for growth in frontier markets in Sub Saharan Africa, Southeast Asia, the Middle ...
Rarely will you find agreement among military brass, business leaders and academics on issues of national security. Yet this convergence occurred between Harvard Business School’s (HBS) U.S. Competitiveness Project and ...
Walmart’s alleged violation of the Foreign Corrupt Practices Act (FCPA) in Mexico raises the profile of the controversial law to a new level. Some U.S. businesses have long questioned whether ...
Among the many challenges facing risk managers in what has become the new normal is how to effectively manage cross-border risk, which is more important today than in recent memory. ...
As global politics continue to gyrate, the pace of change poses ever-greater challenges to accurately predicting the future. Many forecasters have gotten into the habit of declaring—ex post facto—that they ...
While international business assignments seldom confer diplomatic benefits, by definition, they can have political connotations, and many international assignees often find their freedom held in the balance by kidnappings, unlawful ...
Expropriation of foreign-owned assets—ruled passé just a decade ago—is again very much en vogue as the race to control national energy supplies and gain market share prompts an increasing number ...
Although most international risk managers have become accustomed to operating in the “new normal” that has prevailed over the past 4 years, 2013 is likely to prove a real challenge ...
When most consumers analyze why they should buy insurance coverage, they often focus on protecting their tangible items, such as their homes or possessions. They may be acutely aware of ...