Spring Risk Management: preparing for the months ahead


Authored by Aviva

As we all look forward to spring and to enjoying some warmer weather, the changing season is a good time for businesses to review their risk management practices. Whilst economic pressures will be front of mind over the next few months, it’s also important to consider how seasonal related risks may impact your clients’ businesses.

We’ve recently updated our Spring Risk Management guidance which can be viewed on our Aviva Risk Management Solutions website here. Whilst spring can bring us some improved weather conditions, this time of year can still mean heavy rainfall and an increased risk of flooding. Climate change is forcing us to deal with unexpected weather changing patterns more and more. It’s important for your clients to equip their business with up-to-date resources so that they can mitigate against weather-related damages and business interruption.

The combination of global crises at the end of last year has contributed to the current difficult economic issues many businesses face. The combination of high inflation, rising energy costs and supply chain problems means businesses will be focusing on how they can stay resilient and adapt at this time of uncertainty.

Our recent Risk Insights report data revealed that 56% of businesses cited economic concerns as one of their top three risks, up from 37% in the previous year. Relating to supply chains and energy costs, vulnerabilities in global networks have been exposed due to the global events of last year and this continues to play a role in 2023. In fact, 45% of companies reported supply chain disruption, 38% are experiencing significantly higher supply costs and 16% have experienced total supply loss in the last 12 months.

Understanding the resilience of a business’s supplies and suppliers helps in being able to provide the product or services as expected. Business resilience planning is fundamental to finding weaknesses in a supply chain and acting upon them, which ultimately helps to maintain customer sentiment, brand reputation and business continuity. For more information and tools on supply chain risk management visit our website.


About Aviva

Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.

In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price. Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running. youTalk-insurance sharing Aviva insurance news and video.

Latest video

Aviva 2022 full year financial results video featuring CEO Amanda Blanc

Watch Aviva Group CEO, Amanda Blanc, talking through the 2022 full year results.Download Aviva’s full year 2022 results announcements HERE click here for more