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In an increasingly regulated business landscape, compliance is not merely a legal requirement—it's a strategic necessity. This blog post explores the potential costs of non-compliance and why businesses should prioritize compliance in their operations.

While compliance audits may seem daunting, with the right preparation, they can become a strategic asset rather than a hurdle. In this post, we’ll explore the basics of compliance audits and offer some practical tips to prepare your business for a successful audit.

Among the various hurdles startups face, understanding and managing regulatory compliance often stands out. In this blog post, we aim to demystify regulatory compliance for startups and provide practical steps to navigate this essential aspect of business.

At the heart of this compliance lies the importance of effective employee training. This article explores the role of employee training in ensuring compliance and offers strategies for implementing effective training programs within your organization.

In this blog post, we take a deep dive into the world of compliance technology, exploring the latest trends and innovations that are redefining this crucial business area.

Checklists with a lot of questions can quickly become super messy, and a hassle to keep up with. To solve this issue we are introducing conditional viewing on our platform.

Successfully implementing ISO standards involves a systematic approach, informed by real-world examples like Siemens, Toyota, and Nestlé.

The increasing number of severe flooding events in China highlights the importance of understanding and managing flood risk for businesses, and taking crucial steps such as assessing flood vulnerability, implementing flood protection measures, and developing a flood emergency plan can help protect business operations from the impact of flooding.

Managing accurate COPE (Construction, Occupancy, Protection, and Exposure) information is crucial for assessing risk and securing appropriate insurance coverage, and capturing information about construction details, occupancy type, fire protection measures, security features, and exposure to hazards can help ensure effective risk management.

Maintaining accurate and up-to-date COPE (Construction, Occupancy, Protection, and Exposure) information is crucial for effective risk management and can lead to better risk assessment, insurance underwriting, loss prevention, claims processing, regulatory compliance, and long-term success of a business.

To purchase insurance for a location exposed to natural catastrophes, one must assess local risk factors, customize their coverage to address unique risks, and collaborate with experts such as insurance professionals and risk management experts to develop a comprehensive insurance plan. 

Automated tests are essential for delivering high-quality software. Since 2018 we have been using Cypress, but have decided to move to Playwright. Hype or great - read our verdict 🤓

Send an email when an action changes status to completed? Automations are now live at 21RISK. It's a powerful feature that makes it easy to cover your exact needs and requirements, directly in our software.

According to Marsh, we have had more than 20 consecutive quarters with a hard insurance market. 

The premiums are primarily driven by the direct insurers but after the latest re-insurance meeting in September in Monte Carlo, the re-insurers seem to follow up.

If your company has suffered a major damage, e.g. fire damage, then you will probably look into a renewal where the insurance companies are reluctant and will demand higher premiums or support with less capacity.

On top of that, inflation and a shortage of production will contribute to an increase in insurance premiums in 2023. 

We are excited to announce that we are merging our web application and marketing website. This means that from now on, you only have to visit 21RISK.com. In this blog post, you can read more about the benefits this will provide.

21RISK establishes a global partner hub.

21RISK has established a partner hub, where experts that work with risk management, compliance and auditing can use our software for free to support their own business, and at the same time obtain a membership that provides referrals to customers who pay for a subscription with 21RISK.

Open Insurance / API - Insurance, is all about creating an open environment where data is shared between stakeholders to minimize uncertainties about the risk that needs to be insured.

You will have the power of real-time analytics and data to share between several insurers, letting the lead insurer, as well as co-insurer / re-insurer, share the same data, enabling your insurers to participate with full knowledge of your risk, at a level never seen before.