Risk Frontiers is partnering with Optus Macquarie University Cyber Security Hub to develop insurance and reinsurance industry focussed solutions for analysing cyber security risk.
Australia, like many other Western countries, faces the threat of terrorist attacks on home soil. To help understand the financial impacts of explosive devices arising from potential terrorism-related events, Risk Frontiers has developed a deterministic model that combines detailed exposure modelling and bomb blast damage footprints calculated from over-pressure impulse loading of buildings.
The World Economic Forum has identified extreme weather and the failure of climate change mitigation and adaption as the most likely and highest impact risks globally. Company directors are now required to consider risks associated with climate change, which extends beyond physical property to supply chains and intangible assets. Meanwhile, cyber risk is a constantly evolving threat that remains a significant challenge for industry.