Since March 2020, Airmic has been issuing Friday Reading, a curated series of readings and knowledge resources sent by email to Airmic members. The objective of Airmic Friday Reading was initially to keep members informed during the Covid-19 pandemic. Today, Airmic Friday Reading has evolved in scope to include content on a wide range of subjects with each email edition following a theme. This page is a searchable archive of all the readings and knowledge resources that have been shared.
The UK is less exposed to the direct trade effects of Russia’s invasion of Ukraine than its European neighbours. However, both the indirect and longer-term effects on UK trade are potentially significant. This briefing paper explores the four main impacts for UK trade.
While the ongoing conflict in Ukraine has focused the attention of markets on the European Union’s dependence on Russian oil and gas, the war has also highlighted the scale of Europe’s reliance on its strategic rivals for critical minerals.
Russia and Ukraine are among the most important producers of agricultural commodities in the world. Both countries are net exporters of agricultural products and are leading suppliers of foodstuffs and fertilisers to global markets, where exportable supplies are often concentrated in a handful of countries. The high concentrations could increase the vulnerability of these markets to shocks and volatility.
Cyber threats are considered worse in 2022 than they were last year and the greatest risk for business. Geopolitical, climate and supply chain risks are tied at second place. Diseases and the pandemic have dropped out of the top 10 list of risks – but has this been de-escalated too quickly? Have we learnt and embedded the right lessons from Covid-19?
The aim of this Guide is to provide a toolkit to assist directors in understanding and keeping pace with the ever more complex cyber-related threats faced by the companies they serve. It takes the form of 12 questions designed to break a diverse set of issues down into a manageable series of topics.
The Airmic objective to drive the integration of managing risk and insurance is moving in a positive direction, demonstrated by the increase in those who have joint responsibility for managing both risk and insurance. Environmental, social and governance (ESG) issues have become an integral part of the risk profession – 45% of survey respondents also have responsibilities in ESG.
Among the many impacts of climate change, one of the most dramatic is the rapid increase in wildfires. Wildfires have moved beyond a seasonal threat to a year-round peril in many areas. Several serious wildfires have already started this year — way ahead of the usual peak period.
The invasion of Ukraine will, at least initially, complicate the transition path to a net-zero economy, but this tragic development could still prove to be a turning point in accelerating progress in the medium run.