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  1. Editorial

    Powering through uncertainty

    In this issue 1/2026 of Risk Consulting, we explore these questions from multiple perspectives. We examine the shifting dynamics of work practices, the importance of business continuity in an unpredictable global landscape, and the evolving risk landscape for natural catastrophes. We also look at the engineering challenges behind slowing onshore wind development, as well as resilience strategies for data centres. 

    Poul Steffensen
  2. Video

    Insights from If's experts: Preventing hot work incidents

    During heating, welding, cutting, soldering, maintenance, repair, or installation tasks, substantial heat is generated, increasing the likelihood of fire hazards. These risks require thorough assessment and mitigation prior to commencing work. 

    welding
  3. Insights

    Oil-filled transformers at risk 

    Oil-filled transformers are critical assets, but corrosive sulphur compounds in insulating oil can turn them into a costly source of operational and business interruption risk. The issue is not only technical failure but also the wider impact on production continuity, replacement lead times and total loss exposure. This article explains how copper corrosion develops, why early detection matters and which preventive actions can help reduce the risk of severe transformer damage. 

    Kristian Orispää, If 20/05/2026
    power transformer
  4. Insights

    Rising natural catastrophes 

    The 2025 loss year confirmed what the insurance industry has already been experiencing for several years. Natural catastrophes are no longer rare and exceptional, but they have become persistent, high-severity events that shape the operating environment for societies, businesses, and insurers. 

    Vilma Torkko, If 20/05/2026
    city flooding
  5. offshore windmill farm