Articles - Father Christmas' top 10 risks this year


 With the holidays fast approaching, Aon plc unwrapped its list of the top 10 risk and people challenges and opportunities on Father Christmas’ mind for the holiday season this year:

 1- When Santa double-checked his list of naughty and nice kids, he noticed an unusually high number of nice kids this year. To be sure all of the nice kids are rewarded for their good behavior, Santa has to increase his access to capital.

 2- Santa’s workshop is not exempt from the impact of technology on today’s world. Rather than hand-writing his naughty and nice list, Santa updates and stores this vital information in the cloud. The security required to protect against cyber risk cannot be overstated as every child’s presents (or lack thereof) rely upon it.

 3- Shipping to the North Pole can be tough due to its isolation and extreme conditions. Santa and his trusty elves carefully manage supply chain risk year-round so all of the materials get to the workshop in time for the Christmas push.

 4- For some areas of the world, including the North Pole, the holiday season is synonymous with flu season. Santa and his elves can’t afford to get sick on the days leading up to Christmas, so they use Aon Hewitt health and wellness consultants to support their efforts to stay in top shape.

 5- These days, elves are expected to embrace toy-making beyond the standard wooden clocks and chess boards in the workshop. From laptops to video games, Santa’s elves have to be knowledgeable of all the latest gift items. 

 6- Employee engagement is a top priority in Santa’s workshop. Ensuring top performers remain happy and productive employees of Santa’s workshop is of the utmost importance for the big man in red. 

 7- With only one night to travel millions of miles, Santa relies on cutting-edge data and analytics to identify the potential risk exposures related to his big trip.

 8- Since it snowed in Egypt for the first time in 112 years, Santa is a little nervous about the weather he may face on Christmas Eve, so Aon Benfield’s Impact Forecasting team is helping him prepare for the potential elements.

 9- Travelling the globe in a 24-hour period can present some risks for Santa and his reindeer and sleigh. Back at the North Pole, Mrs. Claus can report on the location of Santa and his reindeer at the touch of a button.

 10- Santa’s elves work extremely hard all year long to reward all of the nice children on his list on Christmas Day. As we understand the average elf life is longer than the human life span, elves enjoy a longer retirement. To meet the future security needs of his workers, Santa works closely with his elves to properly plan for their retirement years. 

Back to Index


Similar News to this Story

The real risks of freedoms
When pension freedoms first came into play there was no doubt that while they offered welcome flexibility, they also resulted in more risks that cou
Skilled actuaries required
Since the upheaval of pension freedoms in 2015 when drawdown rules were relaxed and annuity sales declined, the role of actuaries in the DC space has
A step change is expected for DB pension scheme funding
Mike Smedley, Pensions Partner at KPMG in the UK discusses some of the changes expected for DB pension scheme funding in 2019

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.