Risk Consulting 2/2020

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    Risk Consulting 2/2020

    Read the latest articles from If.

    You can also download the magazine pdf (3,4 MB, new window)

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    COVID-19 disrupts supply chains

    One of the outcomes of the coronavirus COVID-19 outbreak has been the impact on global supply chains. These disruptions have impacted economies around the world and put companies at serious risk, interrupting the flow of goods and services in the global economy.

    What are the impacts of the pandemic?
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    Shutting down operations in an emergency

    An unplanned shutdown of operations, whether due to a strike, catastrophic equipment failure, a pandemic, or other unforeseen sudden events is always a difficult decision that is ultimately harmful to business operations. Often such incidents can occur when least expected.

    How to reduce the risk
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    Critical Infrastructure Resilience in Sweden

    Elsa Axelsdóttir and Rasmus Jonason Bjärenstam, both students at Lund University, studying in the Division of Risk Management and Social Safety won the Swedish Risk Management Association (SWERMA) award in 2019, sponsored by If P&C Insurance. Their essay, Critical Infrastructure Resilience, compared Swedish critical infrastructures based on interruption data.

    Learn more about the results and conclusion
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    5G and the VUCA world

    Digital disruption is about transformation, as conventional ways of doing business and working have changed irrevocably.  For companies, 5G technology opens up almost limitless possibilities when it comes to collecting and utilising data. To help grasp an uncertain future, it is important to seize opportunities and understand the risks simultaneously.

    Read why 5G matters
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    Attempting to distance businesses from litigation in the US during and following a pandemic

    The economic impact of COVID-19 remains unpredictable as unemployment rates reach unprecedented levels while a significant part of the world remains shuttered with a staggered timeline for reopening.  To date, numerous lawsuits related to COVID-19 have been filed in the United States.

    Article by Lindsay E. Dansdill
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    How to work safely and efficiently from home

    Today remote working is an integral part of our ways of working. Employees can face various hazards while remote working.

    Tips for successful remote working
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    What makes a sustainable insurance company?

    Climate change continues to pose serious risks on business operations. Extreme weather, climate action failure, natural disasters, biodiversity loss and human-made environmental disasters were ranked as the top risks in terms of impact and likelihood. Insurance companies play an important role in supporting the transition to greener and cleaner ways of operating. 

    How to handle damages in a sustainable way?
  • Working and conducting surveys during the pandemic

    Risk Engineers spend a great deal of time meeting with customers, conducting on-site surveys and engaging with external stakeholders. During the pandemic, this type of work, which includes extensive international travel and face-to-face meetings with clients has been impacted heavily. How are we supporting our customers during the covid-19 outbreak?

    Read about changes and learning new ways
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    If Learning Hub launched

    Digital trainings for increased safety and risk management. With our new digital service concept, If supports companies with risk management training - whenever and wherever needed. 

     

    Read how digital trainings add benefits

Editorial:

COVID-19 impacts all of us

The lockdown following the coronavirus COVID-19 outbreak pushed us all to adapt to a new and uncertain situation over the course of just a few weeks. Restaurants, stores and offices closed around the world as global trade slowed significantly. Supply chains were interrupted, greatly impacting normal operations for businesses of all sizes.

The travel sector was hit especially hard, while other industries saw a boom in demand as sales of products such as pasta and hand sanitizer grew. Some companies managed to maintain production and manufacturing operations, however many public sector and service industry employees were hit with unemployment at an alarming level.

According to the United Nations in March 2020*), the coronavirus outbreak may potentially cost the global economy up to $1 trillion this year. In the Nordics, trade has slowed down significantly, and the global economy faces its biggest challenge to date.

At If, we have been working hard through this crisis to provide the best possible support to all our clients, partners and communities. During this exceptional spring, I am proud to say we have maintained the good service level and accessibility we are known for.

In this issue of Risk Consulting Magazine, we take a look at topics that relate to the impacts of COVID-19, including supply chain disruption, locking down of facilities and how to efficiently and safely work remotely. We also provide insights into sustainability in the insurance industry, take a look at 5G technology and launch our new  If Learning Hub service. 

Poul Steffensen
Head of Business Area Industrial, If

Poul Steffensen.

Creating certificates in If Login

Our digital service, If Login, is constantly being updated and recently we introduced the new certificate functionality. The update includes the possibility to create certificates for Employee Benefits and Worker’s Compensation directly via If Login. If you need a certificate for Travel or an Expat employee, you can now access these anytime, 24/7.

The renewed service is even more user-friendly than before, we are happy to offer pre-filled forms, to help clients remember all the necessary policy details and information when creating certificates.

 Visit If Login page to learn more!

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