HORIZON Risk Thought >> Fast Forward
Our HORIZON initiative has always stood as a beacon for those who dare to strive forward in business. HORIZON is a platform where boundaries are pushed and the future is envisioned with clarity and determination.
This year, we embrace a renewed spirit of courage – a quality that is not simply admirable in business, but essential. This campaign brings together thinkers and innovators who are challenging the status quo across key areas – risk, sustainability, social change, technology, and governance. Their reflections invite you to consider what courage means personally: how it shapes your ambitions, fuels your imagination, and helps transform the ordinary into the extraordinary.
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.
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.
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.
Huge change is happening in all sectors of the marine insurance sector and cargo risks and associated insurances.
State-sponsored cyber-attacks usually exploit infrastructure weaknesses, gather information or skim off money to recover losses from sanctions.
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.
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.
Finding the right speed and assessing the market correctly is the biggest challenge. Transformation must take place, but at what speed?
DECCI is a Czech energy group founded in 2007, focused on modern and renewable energy sources. DECCI pioneered renewables with one of the first solar power plants in the Czech Republic.
Nearly one in four companies in Romania (23%) has already experienced a cyberattack, yet many still treat the risk as moderate until disruption becomes real.
Daniel’s message to companies is simple: give people with disabilities the chance to do an apprenticeship, show appreciation, and make work assistance available.
The courageous move is not the grand statement. It is the willingness to be inconvenienced, today, for fairness, and to take responsibility for impact, not just intent.
Fragmentation is usually discussed as a weakness. However, I believe that for the Georgian insurance market, it can also be an advantage.
Through directives and requirements, we try to improve cybersecurity in general. But in cybersecurity, the courage to transform does not lie only in adopting new technologies.
What the world faces currently is not a single crisis. Some will define it as a “reset” – not a conspiratorial event, but a fundamental restructuring of economic rules, valuations, and mechanisms.
Lukáš Vodička, Group Practice Leader Trade Credit Specialties at GrECo Holding speaks with Gejza Trgiňa, Senior Underwriter at Atradius about what Czech exporters need to watch today and what it takes to build resilience when geopolitical unrest becomes a business issue, not background noise.
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