Chief financial officers of corporations that have already set up captive insurance companies or are thinking about setting one up should ponder the benefits of self-insuring cyber perils and supply chain business-interruption risks via a captive to supplement commercial insurance coverage.

Panjiva is now providing access to its trade data via an application programming interface (API).

Companies are looking more towards chief purchasing officers to help them understand supply chain risks, while firms which are collaborating and sharing information about their suppliers are reducing the cost of due diligence for themselves and making their business more competitive.