Insights & Impacts

The inherent randomness of equipment failures raises the relevance of implementing more frequent monitoring throughout the lifespan of a piece of machinery to avoid unplanned shutdowns.

It’s impossible to mitigate all of the risks in your supply chain but there are lots of ways to minimise your exposure.

Companies with no response plan — or an ineffective one — suffered an average loss of more than $2 million. Companies with effective response plans in place suffered 70 percent lower losses.

There are three key aspects to managing cyber risk – physical security, industrial control systems and information security. Boards and leadership teams looking to ensure their businesses are protected effectively must implement products, processes and educational initiatives taking each of these areas into account.

While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.  

Australia’s resources sector has bounced back in 2018. This is great news for a cyclical industry that’s been through a tough spell but the upswing has an impact on risk profiles that must be taken into account.

“If you see this text then your files are no longer accessible, because they have been encrypted,” read the message on the computer screen. “Please follow the instructions and send $300 of Bitcoin to the following address.”

In the face of global climate change, Australia’s energy future is one of the most important issues facing our government and business leaders.

Whilst brokers have provided the opportunity to get clients insured more easily, we’ve seen that focus has drifted away from the quality of the underlying risk to the price of the insurance contract.