LONDON, June 18, 2018 /PRNewswire/ -- Chubb today
announced the launch of a special new environmental risks report -
Global Management of Environmental Risk, created in collaboration
with global law firm Clyde & Co. The report, which was
previewed at last week's Airmic Conference in Liverpool, explores the impact of
environmental risk on multinational businesses. It is an updated
version of a report that was first published in 2015 and focuses in
particular on how recent increases in global legislation have
become the biggest change to environmental risk in years. It
reviews the different types of environmental risks facing a
multinational corporation, and how traditional risk management
techniques are leaving companies exposed to unnecessary risks –
both financial and reputational.
The report also provides a practical four-point checklist of
questions to ask when establishing insurance and risk management
programmes, as well as overviews of the latest regulatory changes
across a number of leading regional markets.
Suresh Krishnan, Head of Global
Accounts division, Chubb Europe
said:
"Environmental risk is one area which has grown exponentially as
a result and it is increasingly important for businesses to
understand the multitude of potential threats they now face.
Building a multinational programme from the ground-up locally
brings to the forefront the preventive aspects of risk management
and is a vital perspective for a company looking to protect itself
against environmental risks. The consequences of not being
prepared locally can be severe and the impact of an environmental
incident resonates on many levels."
Neil Beresford, Partner, Clyde
& Co, said:
"There has been a significant tightening of environmental
regulation around the world and this is now the biggest
environmental risk faced by organisations. Not only that, but
organisations operating globally are faced with an extremely wide
range of regulations and enforcement regimes that add complexity to
their risk management and mitigation processes."
Note for Editors
A copy of the Global Management of Environmental Risk can be
seen here
About Chubb
Chubb is the world's largest publicly traded property and
casualty insurance company. With operations in 54 countries and
territories, Chubb provides commercial and personal property and
casualty insurance, personal accident and supplemental health
insurance, reinsurance and life insurance to a diverse group of
clients. As an underwriting company, we assess, assume and manage
risk with insight and discipline. We service and pay our claims
fairly and promptly. The company is also defined by its extensive
product and service offerings, broad distribution capabilities,
exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock
Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New
York, London and other
locations, and employs approximately 31,000 people worldwide.
Additional information can be found at: chubb.com/uk
About Clyde & Co
Clyde & Co is a leading, sector-focused global law firm with
400 partners, 2000 legal professionals and 3600 staff in over 50
offices and associated offices on six continents. Its core global
sectors position it at the heart of global trade and commerce:
insurance, trade & commodities, energy, transport and
infrastructure. With a strong emerging markets focus, the firm has
achieved compound average annual revenue growth of 12% over the
last five years, making it one of the fastest growing law firms in
the world with ambitious plans for further growth.
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