Title: Managing supply chain disruption risks through insurance solutions: current practices and challenges
Authors: Linda Eggert; Annette Hofmann
Addresses: Institute for Risk and Insurance, University of Hamburg, Von-Melle-Park 5, Hamburg 20146, Germany ' School of Risk Management, Insurance and Actuarial Science (Manhattan Campus), Tobin College of Business, St. John's University, 101 Astor Place, New York, NY 10003, USA
Abstract: Supply chain risk management is receiving increasing attention by both academics and practitioners. This paper challenges the management of supply chain disruption risks, which may arise from economic frictions or natural catastrophes and puts a specific focus on insurance solutions. Major insurability issues regarding supply chain disruption risks are discussed, and insurance is integrated into a holistic catastrophic risk planning approach. The approach adds value to the whole supply chain risk management process.
Keywords: catastrophic risks; disruption risks; insurability limits; operational risk; supply chain management; SCM; supply chain disruption; insurance; risk management.
International Journal of Management and Decision Making, 2016 Vol.15 No.2, pp.154 - 166
Available online: 14 Jul 2016 *Full-text access for editors Access for subscribers Purchase this article Comment on this article