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.
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.
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.
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.
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.
Insurers are faced with a challenge during the energy transition. The past loss experience can no longer be used for predictive scenarios. New risks will emerge.
Comprehensive risk analyses combined with a presentation of the risks will be necessary for a successful renewal.
Amongst those most affected by decarbonisation efforts is the financial services industry, such as equity investors, lenders and insurers.
New modelling and technical tools are being utilised more than ever as insurers want to understand the complex technicalities of cargo risks.
The insurance sector has adopted the ESG targets with every company developing an ESG strategy. The sector is particularly affected by climate change,
The prevention of damage from severe weather events will play an important role in future risk management.
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.
When geopolitical shockwaves hit, PRI doesn’t flinch. And that stability is often exactly what lenders, investors, and boards need to see.
The priority right now for Financial Institutions and Property related industries must be to make sure their KYC and other anti-money laundering controls are as tight as possible
This article summarises the key insurance‑relevant developments and outlines what aviation customers must consider immediately.
Robust crisis protocols are not just a protective measure, they are essential for operational continuity in today’s unpredictable landscape.
In times of geopolitical uncertainty, attempting to predict events is less important than preparing for rapid change.
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.
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.
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