The process of applying powder coating is a potential fire hazard. In his article, Hans Raeder, Risk Engineer at If Insurance, explains how companies can ensure that their equipment meets local regulations and good practice guidelines.
Physical damage to battery cells, pollution in the electrolyte or the poor quality of the separator, may cause a fire in li-ion batteries. Learn about the risks and take a look at our top tips for better battery safety.
If Insurance offers flexible, high-quality services for clients all around the world. Our unique international network covers 170 countries globally, working to serve our clients wherever they operate.
Minimizing a company’s legal exposure when entering the U.S. marketplace
Guest writer Lindsay E. Dansdill highlights why foreign companies entering the U.S. market should be familiar with the U.S. legal system and more importantly, why they should have strategies in place to prevent unnecessary litigation.
What happens to product liability in the age of digitalisation?
Matti Sjögren, Nordic Liability Risk Management Specialist, provides insights into the emerging risks around product liability in the digital age. Read the article to understand how legal rules are evolving to keep up with technology.
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We would like to explore If Login with you. But right now, we thank you for exploring Risk Consulting Magazine. In the magazine, as on if-insurance.com and at our client events, we share knowledge so that corporations can learn from best practices and avoid large losses.
We hope the magazine provides useful insights into a simpler future.
Poul Steffensen Head of BA Industrial, If
Trees reduce flood risk
Planting trees can lessen flood risk, but a high intensity forest land use, such as grazing, can counteract the positive effect of the trees, a new study suggests. When rainfall exceeds the rate at which water can enter the soil it flows rapidly over the land’s surface into streams and rivers.
Trees can help to reduce the risk of surface runoff by increasing the number of large pores in the soil through which water can drain more easily. The study, undertaken by Lancaster University and the Centre for Ecology and Hydrology and published in the journal Geoderma, investigated the rate that water infiltrated the soil under trees at an experimental agroforestry site in Scotland.
Researchers found that infiltration rates were between ten and a hundred times higher under trees, when the forested area remained relatively undisturbed, compared with adjacent pasture.
Fire protection on the rise worldwide
The global fire protection materials market size is anticipated to grow to around USD 9.9 billion by 2026. This market is anticipated to grow with 8.6 percent during the forecast time period, according to Acumen Research and Consulting. The market is foreseen to develop with the execution of fire safety regulations and strict construction regulations. There are additionally different authority models built up to neglect and guarantee item adequacy. Enhancing frame of mind toward building safety codes, alongside expanding fire danger occurrences, is foreseen to support offers of flame insurance materials around the world.
Keys and chips are vulnerable hardware
Researchers have developed an algorithm that safeguards hardware from attacks to steal data. In the attacks, hackers detect variations of power and electromagnetic radiation in electronic devices’ hardware and use that variation to steal encrypted information, according to researchers at the University of Wyoming and the University of Cincinnati. Devices such as remote car keys, cable boxes and even credit card chips are all vulnerable to hardware attacks, typically because of their design.
Attack traffic up by 32 percent
New research from cyber security provider F-Secure reports a significant increase in attack traffic last year. But while attacks are increasing, it seems many companies are struggling with incident detection. Attack traffic observed by F-Secure’s network of decoy honeypots in 2018 increased by 32 percent over the previous year. The companys survey found that 22 percent of companies did not detect a single attack in a 12-month period. 20 percent of respondents detected a single attack during that time frame, and 31 percent detected two to five attacks.
High costs in insured losses
2018 was the fourth-costliest year since 1980 in terms of insured losses from natural distasters for the insurance industry, according to Munich Re. The figure for insured losses – 80 billion US dollars – was significantly higher than the 30-year average of 41 billion dollars.