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.
In einer Zeit, die von geopolitischen Umbrüchen, wirtschaftlicher Volatilität und zunehmendem ökologischen Druck geprägt ist, sehen sich österreichische Unternehmen mit einem immer komplexer werdenden Risikoumfeld konfrontiert.
Ist es ein Klischee zu glauben, dass Frauen härter arbeiten müssen, um in männerdominierten Branchen erfolgreich zu sein?
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.
Mariana Kühnel, Deputy General Secretary of the Austrian Chamber of Commerce spoke about staying calm in these unpredictable times and how Europe can gain comparative advantages.
Economic sanctions used for foreign policy purposes are economic penalties – such as prohibiting trade, stopping financial transactions or barring economic and military assistance – used to influence a nation and provide incentives for obedience with the rule of law or other governing rules and regulations.
This article will provoke thoughts and create awareness about the new political world order, the changing influence of Western and Eastern powers as well as the emergence and formation of a new centre of gravity in the global economy. It takes a close look at an emerging geopolitical dominance and focuses on the new crossroads between the West and the East – the New Silk Roads.
Plans are underway to construct a new power plant fuelled by waste material on the premises of Rondo Ganahl AG as part of the Initiative “Energy Autonomy Frastanz”. The new plant in Austria’s most western province will cover the future thermal energy demand of the Rondo paper mill and corrugated board plant and will also supply other businesses and private households.
IIZI’s journey with bespoke solutions has been a testament to the power of tailored services in enhancing client satisfaction.
Considering that play is central to developing imagination, agility, creativity, resourcefulness, adaptability, and innovative capabilities, why would we want to limit it?
Austria’s pension system is facing significant challenges, hampered by a reluctance to adapt to demographic and economic pressures.
With fewer young people pursuing farming careers and the worsening of our perceptions about the agricultural industry and its impact on the environment, Maksym Shylov, Group Practice Leader, Food & Agriculture, at GrECo Group hosted a virtual roundtable discussion
The conversation delves into the distinct roles of training, mentoring, and coaching, the unique benefits of coaching, and how it can enhance efficiency and effectiveness within organisations.
Petya Ivanova delves into the complexities of the generational gap within Bulgarian workplaces.
As businesses and societies navigate these complexities, adopting a holistic approach to supply chain management is crucial.
Can AI ever fully replace human judgment? And perhaps most crucially, how can AI and human expertise complement one another to bolster cybersecurity?
Glass is a sustainable packaging material which consists of 100% natural raw materials and is endlessly recyclable.
How will global insurance and reinsurance adapt to new challenges and navigate the stormy waters of the 21st century?
Driverless transport systems, packaging, loading and reloading are already typical robotic examples which will gain in importance.
The Covid-19 pandemic has accelerated existing trends which will continue to shape the real estate sector in the years to come.
Motor insurance used to be a pretty standardised product. This will change.
There are three megatrends which will affect the entire healthcare system in the near future: an increasing and aging population, lack of medical staff as well as a rising dependency on new technologies
At the same time and with increasing urbanisation, infrastructure and smart city developments, a stronger focus will be put on making infrastructure and transport more efficient and sustainable.
Traditional B2B and B2C companies are increasingly working together and are increasingly building a new B2B2C business (Business to Business to Customer). “Affinity” is the buzzword of the hour.
For industries to remain properly insured, we must be able to quantify the severity of a drought.
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