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.
An interview with Mario Gerber, Austrian tourism expert.
The Covid-19 pandemic has accelerated existing trends which will continue to shape the real estate sector in the years to come.
The prevention of damage from severe weather events will play an important role in future risk management.
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
The international shipping industry produced just over one billion tons of greenhouse gases (GHG) in 2018, almost 10% more than in 2012.
Environmental protection and measures curbing climate change have not lost their geopolitical and socio-political relevance during the pandemic.
With new insurers having entered the market in the past few months, we should see a dampening of the price increases we experienced in the previous two years.
On average, premium rates are expected to increase between 5% to 10%, even for policies with a no-claim history.
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.
The United Nations has recently indicated that the youth of today have the most positive outlook on Artificial Intelligence (AI) with an astonishing 93.2% stating they feel positive about it
82% of Gen Z will buy a car with a combustion engine.
62% of the younger generation believe being vegetarian is a good way to help save the environment.
Companies need to think through these topics on time and think them through strategically, so they can build up strategic competitive advantages
August 2023 saw horrific flooding in Slovenia as a month´s worth of rain fell in just 24 hours. We ask: How can politics help in such a crisis?
Small steps by every business and every individual today will make a huge impact on our environmental footprint in the long run. We should all be thinking of cleantech living and doing whatever we can to help reduce our environmental footprint.
Austrian Post has laid the right tracks for vehicle fleet sustainability in the haulage and logistics industry with its future-oriented strategy.
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.
62% of the younger generation believe being vegetarian is a good way to help save the environment.
Nowadays, more and more companies are starting to realise the accepted traditional benefits offering is no longer relevant or appropriate, and the one-size-fits-all approach is a thing of the past.
We are in the fast-paced age of technology and Health & Benefits is having to transform and evolve at an alarming pace to keep up.
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.
From an HR perspective, the past three years were predominantly shaped by the challenges and crises that have influenced our activities since the beginning of the pandemic. The impact of volatility, uncertainty, complexity, and ambiguity – the VUCA world – has become more pronounced with each crisis that has hit both the economic environment of organisations and people`s personal lives.
The biggest problem of the insurance industry today is the fact that the sales of an insurance product are separated from the sales of the core product or service that the insurance is associated with.
Companies are exposed to various kinds of risks. At the same time, systemic transformation exacerbates existing risks and causes new risks to emerge.
We are excited to announce the release of the 5th Horizon Risk Thought » Fast Forward publication!
In this exclusive interview, we bring together two leading voices on digital transformation in Central and Eastern Europe: Ursula Deschka, CEO of ERGO Baltics and Georg Winter, CEO of GrECo Group.
Peter Papp, sat down with Peter Bešina, founder of Paralla and Cryptodiggers, to discuss the evolution of cryptocurrencies.
Fear appeal is a common tactic to highlight the dangers of unsafe cyber behaviour in many cybersecurity awareness campaigns.
One practical application of AI is in the digitalization of HR processes. Tasks such as document management and onboarding can be streamlined, reducing errors and saving time.
Excessive reliance on devices is leading to “digital dementia,” a rise in memory lapses, diminished focus, and cognitive fatigue – even among youth and the workforce.
Digital transformation is reshaping higher education, but what does that really look like for universities on the ground?
The new rules mean senior executives face increased scrutiny, greater personal liability, and must pay close attention to the role of D&O insurance in this new era of digital risk.
IT employees are under constant pressure. The threat landscape is dynamic, complex and often unpredictable
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