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?

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.

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.

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 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

Just a few months ago, the discussion about risk awareness and management was essentially about one topic: cyber, in all its facets.