QBE and Airmic publish Agility and Adaptabilty 2021 research report
Authored by QBE
Businesses have shown incredible resilience in adapting to the coronavirus pandemic, with many coming up with inventive ways to stay afloat. Covid was an unprecedented shock to the global economy in 2020/21, but uncertainty isn’t new. Before the pandemic, we were already in the middle of a period of heightened uncertainty and the issues that were driving it have not gone away. We’ve just been driven by something more prolific.
If there is one positive to be had from Covid, it is that Airmic members now consider their organisations to be more agile and adaptable than they were before. This is important as planning and executing in uncertainty is no longer the exception, and operating flexible and adaptable business models is critical to success.
The risk management profession has been under immense pressure in recent times and has responded admirably as the impact of change after change has been laid at its door.
Whether it is the lasting impacts of Covid, the impacts of Brexit, wider geopolitical uncertainty or the responses to climate change, there will continue to be uncertainties that businesses need to consider as we chart the path out of the pandemic. Preparing for shocks is no longer just the preserve of risk managers, but instead needs to be part of board-level debate, with the time spent discussing risks and mitigation strategies commensurate with the potential impact of that risk.
To view the full report CLICK HERE
About QBE
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.