As we usher in a new year, insurers and risk managers alike will continue to focus on exploiting technology advances to prevent and mitigate risk.

Building insurance solutions for extreme risks creates the "illusion" of security and certainty, according to Zurich Insurance Group AG’s top risk officer.

The insurance giant Travelers Cos., which employs thousands in downtown Hartford, is delaying indefinitely its broad-based return to the office as concerns grow about the COVID-19 omicron variant and a recent spike in infection rates.

There is a misconception that in a mentoring relationship, the primary objective is for the mentor to help the mentee grow and accomplish established goals. While this is a part of the mentor/mentee relationship, what does the mentor receive?

Insurers could use artificial intelligence to identify risks and prevent losses from happening. Why don’t they?

A new report from global reinsurance giant Swiss Re puts in human terms the financial impact of biodiversity loss as the ‘twin risk of climate change.’

Risk managers didn’t think there could be a bigger curveball than 2020. A global pandemic, a massive hurricane season and geopolitical unrest combined forces to make 2020 a year to remember as we faced both new risks and ones that have grown familiar over the last few years.

Crawford & Company, the world’s largest publicly listed independent provider of claims management and outsourcing services to carriers, brokers and corporations, and global professional services firm Aon have announced the joint publication of the Aon|Crawford Guide to Successfully Managing Cyber Claims.

In 2019, 181 CEOs signed a Business Roundtable pledge committing to serving the interests of ‘all stakeholders,’ especially local communities, the environment and investors. This pledge and countless individual company statements that have followed have raised expectations that companies and corporate board members would put greater emphasis on environment, sustainability and governance (ESG) efforts.

In many ways, we are blessed with today’s buildings and engineering marvels. We often don’t think of the challenges involved in building these structures, or the maintenance and upkeep needed to keep them safe and secure.

Insurance agents and adjustors are often away from their desks attending to customer needs and inquiries in the field. Typically, property insurance adjustors are some of the first on the scene after a natural disaster or personal property emergency.

The Hartford Financial Services Group Inc. announced Tuesday that it anticipates exiting all tar sands investments by Dec. 31, two years ahead of its commitment announced in 2019.

The PwC Insurance Banana Skins 2021 survey shows that cybercrime is ranked as the number one risk by carriers globally, while climate change tops the list for reinsurers amid a rise in natural catastrophe events.

We begin our brief narrative where the Wall Street Journal ended its coverage late last month: ‘Investors want to make money while feeling they are contributing to a more sustainable and fair world. Given the demand, firms are rushing to classify their investment offers as ESG-friendly, sometimes stretching the definition, or making overblown claims.’

The risk management profession measures success by the extent to which it can best help forecast, evaluate and protect organizations against financial and reputational risk. Grey swan events—long-tail risks, known but believed to be highly unlikely—complicate this mission.