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Interview July 23, 2024

Navigating Concentration Risk for Enhanced Business Resilience in a Geopolitical Landscape

Gemma Stewart, Global Head of Vendor Risk Management, Zurich InsuranceLinkedIn profile for Gemma Stewart

  • Effective concentration risk management starts with early data-driven identification of risks in new third-party relationships.

  • Ongoing risk monitoring, including setting up alerts for geopolitical events and natural disasters, is essential for maintaining business resilience.

  • Leveraging centralized data inventories allows for swift responses to emerging risks and facilitates informed decision-making.

  • A strong mandate from top executives is crucial for ensuring consistent data sharing and risk management across global operations.

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