Tag: risk policy & strategy

The development of Cyber Insurance

Cyber Risk & Insurance Forum (CRIF)
“In Boardrooms around the world cyber insurance is an important subject that is gaining in profile and importance. In this article Daljitt Barn, Cyber Director of PwC, looks at the how the Cyber Insurance Sector has evolved over the past four years and what the next few years may bring.
For purists out there, I acknowledge that what might be termed Cyber Insurance has been around as a specialty line for some years. More recently hacking and data losses, that have been increasing globally have been a real wake up call, highlighting to many the value and importance of the Insurance needed to cover the Cyber risks business faces.
Looking back over the past four years shows that some of the world’s most prestigious organisations have felt the impact of major breaches – incidents that could compromise not only valuable digital property, but also their physical security.” Read more >

Europe policy change migration

Migrant deaths may force Europe policy change

Times of Malta

The outrage Europe’s leaders face over the deaths of hundreds of refugees trying to reach its shores may force a shift in a policy critics decry as letting people drown to deter others in desperate need.

The moat that the Mediterranean forms between Fortress Europe and less fortunate neighborus may become slightly less forbidding, even if the focus will still be to discourage the crossing in ways other than raising the risk of dying at sea.

Scrambling to respond to the deaths of up to 700 people on a fishing boat making for Italy from Libya, EU foreign ministers meet today, and government leaders, some of whom are already calling for change, may also gather soon. Read more >

La collectivité dans la Troisième Révolution Industrielle

3 mars, 2015, PRIMO France

Vers une nouvelle revolution industrielle

La Première Révolution Industrielle naît de technologies mécaniques utilisant la vapeur d’eau comme force motrice, permettant l’essor de transports rapides et augmentant la vitesse de communication tout en réduisant les coûts d’impression. Locomotives, presses rotatives et linotypes sont quelques-uns des outils mis à disposition, et ont favorisé l’alphabétisation de masse et la communication, en convergence avec une volonté politique d’enseignement public. Tout ceci contribue à faire émerger une main d’œuvre plus qualifiée et capable de mettre en place des processus complexes nécessaires au développement industriel.

Quant à la Deuxième Révolution Industrielle, elle naît de l’apport de l’électricité et du moteur à combustion interne; ces deux innovations ouvrent une ère de production de masse, et provoquent également un bouleversement des modes de vie observés jusqu’alors. Les dynamiques spatio-temporelles et sociétales sont renversées, avec la mécanisation des campagnes et du transport, ainsi qu’avec l’emballement des industries pétrolière et pétrochimique. D’autres modèles de communication et d’échanges se créent: téléphone, radio, télévision… En savoir plus >

UK to tackle cyber risk

UK cyber security: the role of insurance in managing and mitigating the risk

From the formal press release:

“A new report has been published on the joint initiatives between government and the insurance sector to tackle cyber risk.

Last year 81% of large UK businesses and 60% of small companies suffered a cyber security breach. A report published on 23 March by HM Government and Marsh, one of the UK’s leading insurance brokers and risk advisors, announces new joint initiatives between government and the insurance sector to help firms get to grips with cyber risk; to establish cyber insurance as part of firms’ cyber toolkits and cement London as the global centre for cyber risk management.

The report, ‘UK cyber security: the role of insurance in managing and mitigating the risk’, has been produced in collaboration with the UK’s insurance market and a number of top UK companies. It aims to make the UK a world centre for cyber security insurance. In particular, it highlights the exposure of firms to cyber attacks among their suppliers with a key agreement that participating insurers will include the government’s Cyber Essentials certification as part of their risk assessment for small and medium businesses.

Cyber threats are estimated to cost the UK economy billions of pounds each year with the cost of cyber attacks nearly doubling between 2013 and 2014. The report found that, while larger firms have taken some action to make themselves more cyber-secure, they face an escalating threat as they become more reliant on online distribution channels and as attackers grow more sophisticated. It issues a call to arms for insurers and insurance brokers to simplify and raise awareness of their cyber insurance offering and ensure that firms understand the extent of their coverage against cyber attack.” Read more >

Malta: Risk Assessment

Source: Global Edge

Resilient growth but dependent on European demand

Malta’s economy is the most open in the EU after Luxembourg. Growth still depends on the economic situation in the rest of the EU, which absorbs nearly half of exports. The production of electronic components and exports of pharmaceuticals are expected to remain buoyant in 2014. Moreover, the strong tourist industry (25% of GDP) still supports the services sector. The number of holidaymakers (85% coming from Europe) has been growing strongly since 2010. On domestic demand side, household spending is expected to rise in 2014 in line with the labour market resilience to the economic slowdown, with an unemployment rate below 7% since 2011.


At the same time, the rate of women’s participation in the labour market, the lowest in the Eurozone at 48%, continues to improve as a result of tax incentives introduced since 2011 and providing a sustainable boost to household income. In an electoral context, public investment is expected to remain stable in 2014, but the fiscal constraints made necessary by the Maastricht criteria persist. The banking sector’s robustness will preserve the supply of credit and ensure the financing of the private sector. Finally, inflation will remain subdued due to energy price cuts. Electricity and water tariffs are expected to be lowered by 25% and 5% respectively in March 2014 for households (2015 for companies) and will limit inflation. Read more >

Paris: Seine flood

Paris should prepare now for risk of a costly Seine flood

January 24, 2014, Organisation for Economic Co-operation and Development (OECD)

Quote press-release:

“24/01/2014 – A major flooding of the Seine River similar to the flood disaster of 1910 could affect up to 5 million residents in the greater Paris area and cause up to 30 billion euros worth of damage, according to a new OECD report. Economic growth, jobs and public finances could also be significantly affected.

The OECD Review on Flood Risk Management of the Seine River – commissioned by the Basin Organisation Seine Grands Lacs with the French Ministry of Ecology and Ile-de-France regional council – recommends that city officials work to raise risk awareness among citizens and businesses and improve the resilience of the metropolitan area to flood risks.

Recent floods in Europe and New York City’s Hurricane Sandy disaster in 2012 illustrated the vulnerability of today’s ever-denser cities to flooding and the need to adapt critical infrastructure systems to be able to cope with extreme weather events. The 1910 Paris flood took several weeks to subside.

“The impact on Paris of a major flood would be much greater today than a century ago, with serious economic and social consequences on top of the temporary disruption and material losses,” said Rolf Alter, Director of the OECD’s Public Governance and Territorial Development Directorate. “The better Paris prepares itself to manage this risk and improve its resilience, the less vulnerable it will be, to the benefit of the city and the country.” Read more >

Read Executive summary

El Ayuntamiento de Getafe gana el Premio Udite

Es esta la Segunda edición del premio que se otorga a entidades locales por su gestión en las categorías de Bienestar Social, Bienestar económico, Bienestar ecológico, Gestión y Gestión del Riesgo.

La votación final, tras un largo proceso de selección que se inició en junio de este año, tuvo lugar el pasado lunes 5 de octubre en Bruselas, en el marco de las Jornadas de Puertas Abiertas del Parlamento Europeo, en las que estuvo presente la Federación de Directivos Territoriales de Europa (Udite), organización de la que es miembro el Consejo General de Secretarios, Interventores y Tesoreros de Administración Local (COSITAL).

El Premio fue recogido por Ana Isabel Olivella Antela, Concejala de Juventud, Cooperación Internacional y Plan Estratégico del Ayuntamiento de Getafe.

El otro finalista en la categoría de Gestión, y que competía con el Ayuntamiento de Getafe,  fue el Ayuntamiento de Rennes (Francia) con el proyecto: Servicios de Operaciones de Limpieza, para el establecimiento de nuevas modalidades de trabajo de limpieza / instalaciones, para el personal encargado de este trabajo. A esta categoría se presentaron un total de 4 ayuntamientos Europeos.

El plan estratégico de Getafe 2010

Por unanimidad del Ayuntamiento Pleno se aprueba el 13 de Septiembre de 2000, la elaboración de un Plan Estratégico para el Municipio de Getafe.

Entendiendo que el diseño de una ciudad no se puede acotar en un espacio de tiempo determinado, ni se puede establecer un modelo inalterable o perenne para el futuro porque la Participación, concepto clave en todo el proceso, es un elemento dinamizador de la convivencia ciudadana que genera continuas innovaciones, pero que el Conocimiento es el combustible que mantiene los ritmos de crecimiento y transformación de nuestra ciudad, se asumen para el proceso de elaboración del Plan Estratégico de Getafe 2010, los siguientes Valores o Principios clave. Leer más >

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