The complexity of today´s risk environment is changing at an accelerating pace, making risk management even more challenging. We address these challenges by highlighting underlying systemic transformations and their implications for future risk and insurance management in various sectors.
In the risk management context of these systemic transformations, we classified these “risk changers” that directly affect a company and use the terms:
- “Environment in danger” for ecological,
- “Beyond globalisation” for geopolitical,
- “Digital transition” for technological and
- “Social disruption” for social transformation
In the risk management context of these systemic transformations, we classified these “risk changers” that directly affect a company and use the terms:
- “Environment in danger” for ecological,
- “Beyond globalisation” for geopolitical,
- “Digital transition” for technological and
- “Social disruption” for social transformation.
We have created Horizon, firstly as a print publication and now as a platform for sharing the latest insights about ongoing transformations. Our risk specialists will continue to provide their expertise and knowledge to shine a light on the challenges of the future.
We have created HORIZON to share the latest insights about ongoing transformations.
Our risk specialists provide their expertise and knowledge to shine a light on the challenges of the future.
Discover all their latest insights, thoughts and viewpoints, or choose from our systemic risk categories to find out more.
Michael Groiss, CFO at F/LIST, talked with Norbert Bucher, Account Manager of F/LIST at GrECo Austria, about how they balance their vision of handcrafting the future of interiors with the growing demand for sustainable production.
HR alone cannot promote the openness to this learning journey; it needs ambassadors to help anchor the green mindset in the corporate culture.
With many countries across the world looking at coal and oil substitutes, renewable energy sources are becoming an increasing part of insurers’ and brokers’ portfolios.
In the face of growing environmental challenges and climate change, insurance companies like UNIQA Group are taking significant steps to embrace sustainability.
“At Erste Group, we have an ESG Office, a dedicated unit focused on sustainability. We are situated within the strategy department, and our main responsibility is to implement the entire regulatory framework of the EU Green Deal within the bank. ”
Procredit Bank, compared to its competitors in Georgia, is leading the charge when it comes to reducing the Georgia’s environmental footprint.
If carefully designed and managed, a captive is a tool in the risk manager’s toolbox for large companies that can help build resilience to future transformation risks as a result of climate change, amongst other things.
If you have followed the media recently, you are probably aware that the younger generation cares about the environment and their future, and that they are willing to go to the extreme to prove their point.
A third of the younger generations believe climate change is the biggest threat of our time, and over half believe they don’t have the power to do anything about it.
From the options available today, hydrogen is a promising alternative to fossil fuels with some companies, such as Wien Energie, already convinced of its benefits realising projects to test it as an alternative energy source.
The transformation of the Donaustadt power plant is not only a trailblazer for other companies, but also a clear signal that sustainable energy generation is the future.
Addressing physical climate risks is not just a regulatory requirement; it is a strategic imperative for businesses.
Martin Gary discusses whether the insurance industry is currently supporting the sustainable development of aviation, future trends and technologies being harnessed to meet ESG targets, and current restrictions impeding aviation’s sustainable future.
We invited stakeholders along the value chain to shed light on their strategies, new success models, opportunities and risks in the fight against climate change as part of a mini-series on the topic of “sustainable construction”.
General Manager of GrECo Sagauta, Katerina Pavlidi, recently met with Dr Tomas Kontautas, partner at the law firm Sorainen to discuss the sustainable development of the Baltic insurance market and just how green its future will be.
With the ESG spotlight upon us all, company’s need to meticulously craft their future communications strategies, making sure they truly understand the sustainable profile of their products, services, or activities.
The success of the global grid overhaul effort is instrumental to the success of green energy transition and indeed to the improvement of living conditions for the global population in this century and beyond.
Erwin Soravia, CEO of SORAVIA, talks to Fritz Neubrand, Chairman of the Supervisory Board of the GrECo Group, about the property developer’s responsibility in terms of sustainability, and how innovation and technology can strengthen the industry’s climate resilience.
Emerging risks and new threats that are hard to grasp and estimate are a much-discussed topic. Add to that today’s increasing number of Black Swan events. These are unprecedented and unexpected events which nobody could have imagined, making them almost impossible to predict.
According to the International Monetary Fund food and energy are the main drivers of today’s inflation. That is obvious to each of us as we pay more for both food and energy these days.
Max Pernsteiner, Vice President Global Purchasing & Supply Chain at ENGEL Austria GmbH, spoke with Johannes Vogl, General Manager at GrECo Risk Engineering GmbH, about supply chains and their risks.
In the last two years, supply chains were exposed to unforeseen risks. The impact of the pandemic, Evergiven’s blockade of the Suez Canal, or the recent disruptions as a result of Russia’s attack on Ukraine, to name a few. What else must we prepare for?
Krystle Lippert, Strategic Sales Manager at GrECo in Austria, has spoken with Dr. Gerald Dums, Head of Purchase of Technical Equipment & Logistics at Donau Chemie AG about supply chain problems and procurement and logistics resilience.
Our multipolar world and its myriad of geopolitical forces presents us and our clients with a vast, multidimensional array of risks. As bleak as this may sound, geopolitics and its impact on energy also offers a number of opportunities.
With the aftershocks of the pandemic, the ripple effects of the Ukraine war, and more frequent and severe natural catastrophes that affect our climate and today’s population, we are at a crossroads, and the construction sector is no exception.
For the past years and certainly since 24 February 2022, we have had many opportunities to witness the power of geopolitics, its decisive impact on domestic and international politics and the supply of energy throughout the world.
All over the world, uncertainty prevails. Action must be taken in the face of these turbulences while exploiting every possibility provided by available instruments.
Gabriele Andratschke, Head of HR at GrECo Group, recently shared her expertise on multigeneration workforces with Lisbeth Lorenz
Strategic acquisition strengthens GrECo’s market position and enhances service offerings in Southeastern Europe.
Ewelina Jaworska-Bein delves into this transformative trend and highlights the myriad of benefits these healthcare apps are bring to organisations and their employees.
This article explores how a health and organisational psychologist played a pivotal role in easing the merger transition at GrECo Hungary.
Ewelina Jaworska-Bien, Group Practice Leader for Health & Benefit at GrECo Specialty, shares her insights on the hot topic of the gender pay gap.
In recent years, Europe has been grappling with a serious labour shortage which is impacting nearly all economic sectors due to an ageing population, low birth rates, and migration.
Generation Alpha is the first generation to be born entirely in the digital age. This digital fluency presents both opportunities and challenges for organisations.
An air gap is the physical separation between critical systems and public networks theoretically minimising the risk of cyberattacks.
The recruitment landscape in real estate is becoming increasingly competitive, and companies need to differentiate themselves to attract top talent.
A Conversation with Fintech Visionary Magda Milas
Jurgen Spari, and Christa Zengerer, Managing Director of ACstyria Mobilitätscluster, the future challenges and opportunities in the automotive, aerospace, and rail systems sectors.
Laura Hochegger sits down with Janice Goodenough from HYDROGRID to discuss the untapped potential of hydropower.
How Robotics, Automation, and Artificial Intelligence Are Changing the Labour Market
We are in a time where advancements are once again having a profound impact on civilization but with one crucial difference.
Under the title “Environment in danger”, our upcoming HORIZON series concentrates on the ecological transformation and therefore looks at all its challenges from various angles.
Other crises, the climate crisis being a prominent example, are more likely to emerge as developments that gradually manifest themselves.
An effective risk management process is a basic requirement for tackling transformation risks.
Companies are exposed to various kinds of risks. At the same time, systemic transformation exacerbates existing risks and causes new risks to emerge.
Dive deep into our HORIZON print edition which focuses on various transformations and looks at all the challenges they pose from different angles.
Georg Winter
CEO GrECo Group
T +43 664 962 39 06