Managing extreme risks: how the new government can learn from Covid to be better prepared for the next crisis
The COVID-19 pandemic exposed weaknesses in the United Kingdom’s approach to managing extreme risks. This report looks at some of the problems that emerged and sets out recommendations for how the UK government could strengthen its risk management to ensure that the nation is better...
This paper considers the options, implications and communication of scenario analysis for underwriting non-life insurance. It raises awareness of different natural catastrophe modelling approaches and highlights the valuable insights that can be generated across the insurance business
This review of sexual harassment as a potential cause of consumer harms in the legal profession was prepared to assist regulators in reducing and eliminating sexual harassment in all professions.
Specifically developed in the context of Australian financial services organisations for internal auditors, senior management, board audit committees and other assurance providers, this 40-page guide will be useful more broadly: in non-financial organisations and both within and outside Australia.
Confidence testing for at-border delivery of critical human biosecurity functions – Ruby Princess cruise ship incident
This review examines the level of confidence that can be had in Agriculture’s management of the Vessels Pathway to deliver critical human biosecurity functions at the Australian border.
The benefits of professional standards schemes – limitation of liability and consumer protection measures
This report examines and evidences the benefits delivered by professional standards schemes, using quantitative and qualitative measures. The report shows that professional standards schemes help improve risk management in the professions, which is to the benefit of Australian consumers, scheme participants and insurers.
This report exposes gaps in New Zealand’s risk management ecosystem and argues that countries need to rethink how they prepare for and manage high-impact risks.
This report looks at the areas likely to be driving changes to risk management in 2025, including business continuity and resilience, regulatory change and compliance, and cybersecurity) — and how these impacts will evolve by 2030 (with climate change and artificial intelligence becoming increasingly prominent).
The construction industry is known to be overwhelmed with resource planning, risk management and logistic challenges which often result in design defects, project delivery delays, cost overruns and contractual disputes. The overall aim of this article was to review existing studies that have applied deep...
Psychological safety is a construct that can help to bridge the gap in our knowledge of the influence of human factors in the design and success of construction processes, and is based on assessments about the risks associated with an action. Lean principles, such as...
The project delivery system and the contracting strategy adopted are the main governing factor that decides the success of a construction project in terms of time, cost, and quality. With the rising complexity of projects and stringent legal regulations, traditional practices turn out to be...
Additive manufacturing: technology, applications, markets, and opportunities for the built environment
This paper aims to provide a comprehensive and evidence-based baseline along with progresses in relevant disciplines related to 3DP in construction, which will provide an opportunity to experts in all domains to understand the multi-dimensional constraints and to specify the future research directions in these...
This report taps into the views of nearly 350 senior risk professionals who participated in the COVID-19 Risks Perception Survey. They were asked to take a view on 31 risks across three dimensions: most likely for the world, most concerning for the world and most...
The exceptional situation of the COVID-19 pandemic underlines the importance of regulation, alongside taxing, spending and communicating, as one of the most relevant levers of government action.
This guide has been prepared for every member of the Australian Public Service involved in policy making. It provides the context for regulation and encourages policy makers to think about potential impacts early in the policy process.
The Global Compact Network Australia, the local network of the United Nations Global Compact, has released this discussion paper on climate change and human rights. The paper highlights the central role businesses play in determining whether or not global temperature increases can be limited to...
Produced to assist government procurement professionals understand cartel behaviour, this guide considers some steps that might be taken to maximise competition and save money, while also disrupting the possible operation of cartels by suppliers.
This report provides information on the major threats that may impact global prosperity in 2020 and over the next decade. The 15th edition of the report draws on feedback from nearly 800 global experts and decision-makers who were asked to rank their concerns in terms...
Illustrating the trend to increasing vulnerability, this paper examines two case studies, South Eastern Australia and California USA, examines the potential effectiveness of land use planning as a means of reducing bushfire risk and argues the need for anticipatory planning to prevent an expansion of...
These guidelines have been developed for, and in partnership with, the Australian university sector, to help manage and engage with risk to deepen resillience against foreign interference. They are designed to build on risk management policies and security practices already implemented by many Australian universities.
Financial implications of parched power: insights from an analysis of Indian thermal power companies
This paper has global implications for investors in the thermal power sector. Although it focuses on a small subset of Indian thermal power companies, the analysis suggests that other thermal power companies in drought-prone areas, like Australia, could also have exposure to water-shortage risks.
Climate change poses a ‘direct threat’ to Australia’s national security. It must be a political priority
A Senate report recommended several measures the government should take to prepare for climate-fuelled migration, natural disasters and conflicts. The response so far has been underwhelming.
This report sets out the Taskforce's observations on director and officer oversight of non‑financial risk. The seven financial services institutions selected for this review are those that many Australians are exposed to, through their personal and business banking, superannuation or insurance, or as shareholders.
Forces disrupting markets and changing the nature of work present a fundamental challenge to prevailing employment-based risk-sharing policies in countries at all levels of development. This publication proposes a package of protections, labor benefits, and services that are more relevant to the diverse and diversifying...