The sharing of assets and services creates new opportunities but also new risks. It can be difficult for traditional insurance coverages to be applied to disruptive sharing economy models as assets are fragmented – owned and shared amongst users – and new multi-party relationships between platforms, providers and consumers draw further questions around who is ultimately responsible for managing and mitigating risk.

Last year political risk increased in eleven countries, compared to only two countries that saw reduced risk, showing the persistence of political risk across the globe, highlighted by increases in political violence and supply chain disruption. Many countries’ risks of supply chain disruption have risen due to both climate shocks and weakening fiscal positions.

The thing about cyber risk is that it is evolving at a pace which most companies will find hard to keep up with; attacks are getting more sophisticated – from distributed denial of service attacks to ‘man-in-the-middle’ attacks, the risk just keeps changing.

Arun Arora, principal chief mechanical engineer, NR, said, “The Online Monitoring of Rolling Stock (OMRS) system involves the placing of microphones and sensors in such a way that they record any audible noise or measure forces generated while a wagon, coach or locomotive is in motion.”