Connected risk has increased the frequency and severity of events including geopolitical risks or cyber, was the verdict of a panel of speakers at a Russell Group event.
The panel, which comprised several senior corporate risk managers said that (re)insurers and corporates must navigate a path through this complex landscape, to understand and rise to the threat of connected risk.
The panelists at the event were:
- Robert Makelaar, Regional Head ART EMEA, Allianz Global Corporate & Specialty SE
- Andreas Berger, Chief Executive Officer, Swiss Re Corporate Solutions
- Pam Joshi, Global Head of Insurance and Risk Management, Takeda
- David Broughton, Head of Insurable Risk, Centrica
- Suki Basi, Managing Director, Russell Group
What does it mean for risk managers?
Events like the COVID-19 pandemic and the Ukraine conflict are redefining the nature of systemic risk.
Previous perceptions and views on systemic risk need to be recalibrated to take into account today’s world with its interdependencies and connectedness.
The panellists argued that the world is too complex to be modelled in a one-dimensional way.
Therefore, organisations need to break out of their silos and…
