This Market Briefing will discuss how connected risk operates across vertical markets and the wider global economy, highlighting how a systematic approach to risk management across all insurance will help to understand that events are effectively “multi-class” in nature.

In an increasingly connected world, businesses are progressively relying on direct and indirect networked relationships but this brings with it an ever-growing “connected business exposure” and networks need to prepare for unpredictable events.

When a major event occurs, not only will an organisation itself be affected but also everyone connected to its trading network, whether they are suppliers, partners or customers, and the converse applies. The key drivers for connected risk are the ways in which political, environmental, supply chain, cyber and credit risks combine to cause financial, operational and reputational loss.

Whilst events are becoming ever more time-critical, corporates need to have a comprehensive and systematic approach to risk management across all insurance and to understand that events are effectively “multi-class” in nature.

At this International Underwriting Association (IUA) market briefing, our speaker will discuss how connected risk operates across vertical markets and the wider global economy and why insurers need to embrace a “multi-class” approach to navigate this new world. To better understand connected business exposure throughout commercial trading networks, helps reduces risk.