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Supply Chains Force Majeure, what to do if?
Provided that external, unforeseeable circumstances not susceptible by supplier have an impact upon the proper fulfillment of a delivery commitment towards the customer, the question is typically arises who will be liable for any disturbances caused by this.
Water damage restoration in production operations After the severe flooding at the automotive supplier ZF in Passau
Damage management in extreme situations
Fire damage Immediate measures, main causes for the scope of fire damage – subsequent damage
Decision makers must initiate immediate measures and minimise secondary damage.
Professor Dr. Ferdinand Dudenhöffer Full speed ahead to a standstill?
Supply-chain risks in the car industry
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From “Black Swans” to Risk Management The “Black Swan” – is risk controllable?
With a clear position on traditional risk analyses in particular from the financial sector, Taleb, now Distinguished Professor of Risk Engineering at New York University, analyses the power of the most unlikely events and their consequences. And now? Are the core subjects of Taleb’s eleven-year-old book on “Black Swans” still valid today? Are we still surprised by unlikely, impossible or unexpected events?
Prof. Dr Fred Wagner presented the study “Risk Management in Industrial Enterprises” at the 2018 GVNW Symposium. Is risk management actually worth it?
Companies deal with “Black Swans” as part of their risk management. When properly in place, it allows them to react to unforeseeable events faster and more appropriately. But how is risk management currently applied in industrial medium-sized businesses in Germany? And what are the benefits for the companies? A current study provides answers.
Sue Taylor, Claims Specialist at Miller Insurance Services LLP Scenario testing: flip the switch in your head
Who knows where the “Black Swan” will land? If this question could be answered, and the possibility or probability of a landing could be ruled out, then a lot would change. This would also include the requirements of insurance policies, since the extreme (outlier) risk would be largely removed.
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Managing risks correctly Have we learned from Coronavirus?
The Coronavirus Pandemic has taught us on the one hand how networked we are today and how quickly we slide into a crisis. On the other hand, companies would have to be in much greater pain if they really wanted to learn from it and prepare themselves appropriately for future events, says Benedikt Hintze, Head of Insurance & Senior Risk Management Officer at Georgsmarienhütte Holding GmbH, with whom Martin Schachtschneider, Head of Business Development BELFOR Germany, spoke about risk management during and after Coronavirus.
The case and the facts BELFOR and Generali Italia - Together against Coronavirus
The Coronavirus pandemic has made it necessary for companies to take immediate measures and protocols to ensure the safety of workers and to contain the spread of the virus. BELFOR and Generali Italia have made the BELFOR disinfection service available to Generali's customers at a special price during this period
Special issue: How Corona is changing risk management. The value of resilience
Just a few months ago, the discussion about risk awareness and management was essentially about one topic: cyber, in all its facets.