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.
“The important thing here is that managers not only need continuity, but also openness to innovation and change. At the same time, they must stand on a foundation of values and principles that is stable.” – interview with Heimo Scheuch, CEO at wienerberger.
From one of the leading hotels in Innsbruck we learn how the world’s focus on ESG is affecting the hospitality industry and what businesses can do about the increased pressure to change.
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.
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.
Employers need to go back to basics and look at the structure of the benefits they offer and determine if it must be changed or stepped up. Now is the time to do it.
Nowadays, employees expect more from their employer than ever before. Meeting these expectations will involve more personalisation of the benefits offering.
An interview with Mario Gerber, Austrian tourism expert.
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 continuous digital transforma tion of workplaces and the accel eration of mobility bring about hybrid work models and new values that shape work environments.
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