Up to now, we have always used the D-assessment in the process FMEA to evaluate the ability of one or more detection actions to detect a cause or its effects in time. From our (German) point of…

Safety of medical devices and risk management are two of the central demands of the legal requirements for manufacturers of medical devices in Europe. In the new EU Medical Devices Regulation…

Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a…

Easing the burden on banks in the Corona crisis so that the economy remains liquid is the declared goal that the European Central Bank (ECB), as the central supervisor in the Single Supervisory…

A trio of Covid-19 related risks heads up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic.…

In front of the hip hop stage of the open air festival „Rheinkultur“ the atmosphere was aggressive. Various incidents, especially physical clashes between rival youths, had already occurred. When…

The P-Diagram is frequently used when asking questions about supporting tools during the use of quality tools. In addition to the confusion about the abbreviation "P", it is often named the…

"If the ship is on the wrong course, it is not enough to change the captain – you have to change the course." The scenario described by the Czech writer Pavel Kosorin is a reflection for many…

The digital revolution is advancing. Technological developments are rapid and are changing the way we get information and communicate. In the age of digitalisation, it's only right that the ninth…

Digital transformation empowers consumers to be more informed and independent than ever before, and equips insurers with the tools to cater to customers' current and future needs. This leads to…

Artificial intelligence (AI) and increasingly complex algorithms currently influence our livesand our civilization more than ever. AI creates huge opportunities for businesses globally across all…

What direction is mobility developing in? What cyber risks are lying in wait for companies? Are radical trends contributing to increasing division in society? What risks are caused by increasing…

Climate change poses new challenges to central banks, regulators and supervisors. A new book, published by the BIS (Bank for International Settlements), reviews ways of addressing these new risks…

This year's risks landscape is green. The urgency of climate change dominates everything: all five of the top risks by likelihood and three by impact are climate related. The backdrop of…

Although the world's 7.6 billion people represent only 0.01% of all living things by weight, humanity has already caused the loss of 83% of all wild mammals and half of all plants. The current…

We live in uncertain times: Uncertainty is the new certainty! Many experts even consider this to be the dawning of a new era. Whether they view it as a cause for concern or a turning point, this…

Machines are the core of any production environment. If they come to a standstill, this can have wide-reaching effects on the company in question, from expensive and time-consuming repairs, to…

Technology is dramatically transforming the global business environment, with continual advances in areas ranging from artificial intelligence to the Internet of Things (IoT), to data…