3 Emerging Risks That All Businesses Face in 2017

Posted by Andrew Masini on Mar 9, 2017 9:47:36 AM

Last month, Risk.net, a UK-based website that covers operations risk at financial services firms, released its list of top 10 operational risks for 2017. It's no surprise that financial services companies face many of the same risks that businesses in all industries face.

So what are those top three risks and how can organizations combat them?

Read More

Topics: Cyber Security, Political Risk, Strategic Risk Management

Presidential Election Cyber Vulnerabilities | What Can We Learn?

Posted by Jon Edwards on Nov 1, 2016 3:54:15 PM

With the Presidential Election only days away, the question remains: Will the election be hacked? In this case, a cyber breach can lead to two major issues. The first is stolen data of registered voters; the second issue and perhaps the more frightening one – manipulation of the election results.

Read More

Topics: Breach of Security, Cyber Breach, Cyber Insurance, Cyber Liability, Cyber Risk, Cyber Security, Data Breach, Political Risk, Risk management, Risk Management Blog

Doing Business Abroad: Supply Chain and Political Risk Issues – Don’t Ask…Don’t Tell?

Posted by The ALS Group on Nov 17, 2014 10:35:26 AM

As organizations increase their operations abroad, their supply chain risk also increases. A risk in doing business abroad is the reality that overseas supply chains are increasingly vulnerable to political uncertainties. According to a study reviewed by Zurich® Insurance, supply chain disruptions can cause an average 25 percent reduction in share price over two years. Can your company afford that risk? Other studies show that the stronger a company’s risk management practices, the more robust its growth. Those companies with “emerging risk practices” were less profitable, according to Zurich®. According to the American Quality and Productivity Center in a recent survey of 196 companies, 77 percent of the respondents experienced at least one supply chain glitch in the previous two years. And given companies’ tendency toward lean manufacturing, a chink in the supply chain can drastically hurt production and profits almost immediately.

Read More

Topics: Business Abroad, Political Risk, Risk Management Blog, Supply Chain Risk

Political Risk - It Is More Than Just Insurance Coverage

Posted by The ALS Group on Oct 16, 2013 1:41:19 PM

Civil unrest in nations formerly viewed as politically stable, such as Sweden and Brazil, is forcing global organizations to consider Political Risk insurance coverage. A recent paper by nationally recognized insurer called the need for Political Risk coverage a “top emerging concern” for global companies.  This coverage is meant to help mitigate political exposures that are, normally, excluded from standard property policies to cover the risk to a company’s physical and financial assets. Some of the perils this policy will insure against are Terrorism, Riots, Deprivation or Confiscation of Assets, Strikes, Civil Commotion, Exchange Transfer Risk, Rebellion, and Insurrection. It is very difficult to model, price and determine the appetite for this coverage in the existing insurance marketplace. One thing that is important to note is that coverage is not guaranteed for the reason that rating basis in each country is based entirely on the underwriter’s evaluation of the risks in countries.  Coverage is available in both the public market, through OPIC and Miga, as well as the private insurance market.

Read More

Topics: Cross Border Risk, Enterprise Risk Management, ERM, Political Risk, Risk Management Blog, Strategic Risk Management, TCoR, The ALS Group, Total Cost of Risk, Travel Risk

New Commercial Property Endorsement Can Mean Problems for Landlords

Posted by Albert Sica on Sep 5, 2013 2:45:26 PM

Each week, landlords and authorities discover 300 methamphetamine labs in the United States, according to National Public Radio. If you own apartments, rent hotels or run boarding homes, you may run into a tenant who decides your rental properties are a great place to cook meth. Better check your commercial property policy now, because recent changes in commercial property insurance coverage forms may significantly restrict coverage for the resultant clean-up from meth “cooking” operations.

Read More

Topics: Construction, Political Risk, Property Risk, Real Estate, Risk Management Blog, Strategic Risk Management, TCoR, The ALS Group, Total Cost of Risk, Total Cost of Risk (TCoR)

Map Out Your Risk - Beware of High Hazard Flood Zones

Posted by Albert Sica on Jul 25, 2013 8:58:42 AM

Real estate is one of the most important assets one can have regardless of owning personally or as a business entity. As they say, it’s all about location, location, location – so you better know exactly what risks you are going to be exposed to when looking to purchase new property or simply evaluating your current location(s). In the aftermath of Superstorm Sandy the scrutiny of flood insurance policies is at an all-time high, particularly, in the northeast. When assessing the value of any new or current property and the insurance requirements and costs that come with it, understanding where it is in relation to local flood zones is critical.

Read More

Topics: Flood, Flood Zone, Political Risk, Property Risk, Risk Management Blog, TCoR, Total Cost of Risk, Total Cost of Risk (TCoR)

Out of Pocket Limits Changes Begin in 2014

Posted by The ALS Group on Jun 27, 2013 2:39:50 PM

In employers’ 2014 plan year, all companies must ensure their non-grandfathered plans adhere to a single out of pocket (OOP) maximum for their employee’s health care plan expenses. This requirement applies to both fully insured and self-insured plans. Going forward, the OOP limit must include all spending on medical, prescription drugs and both mental health and substance abuse treatment benefits. Actuarial estimates indicate this change could increase employer health care costs between 1.5% and 2% next year.

Read More

Topics: HCP, Healthcare, Human Capital, Human Capital Practice, Political Risk

Wellness Plans – Don’t Throw the Baby Out With the Bath Water

Posted by The ALS Group on Jun 19, 2013 3:55:07 PM

Many of today’s employers offer robust wellness programs, which, typically, offer employees incentives for certain types of behaviors in an effort to improve health and, ultimately, reduce employer medical costs. These rewards can include premium discounts, membership in gyms and cash.

Read More

Topics: HCP, Healthcare, Human Capital, Human Capital Practice, Political Risk, Risk Management Blog

Preventive Care Under The PPACA May Increase Your Health Care Costs

Posted by The ALS Group on Jun 11, 2013 12:51:13 PM


Read More

Topics: HCP, Healthcare, Human Capital, Human Capital Practice, Political Risk, Risk Management Blog, Strategic Risk Management, TCoR, Total Cost of Risk, Total Cost of Risk (TCoR)

Human Capital Risk Abroad: How to Protect Your Employees Abroad

Posted by The ALS Group on Mar 19, 2013 5:49:29 PM

The world economy is becoming even more global and with that, exposure to risks posed to employees traveling abroad continues to grow; thus it becomes ever more apparent that any company should take a more 3-dimensional approach to risk. This means that as your employees travel abroad in order to bring in more business, Senior Management must also consider how they [employees] are protected.

Read More

Topics: Construction, HCP, Human Capital, Human Capital Practice, Political Risk, Risk Management Blog, Risk Review, Strategic Risk Management, Travel Risk

The ALS Group

Risk Management Blog

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all