Risk Management
Crowded places initiative take-up positive for UK resilience in light of Paris attacks
Promising early take-up of the government’s crowded places initiative has been “positive for building the resilience of British infrastructure” if faced with a similar attack to that witnessed in Paris last week, according to Pool Re CEO Julian Enoizi.
Space support for planned subsidence mapping tool
A UK-based service to assess the risk of subsidence using satellite observations and property data is a step closer following a study.
Paris attacks to cost French economy up to $12bn
The deadly attacks in Paris on Friday night will cost the French economy between $9bn and $12bn over the next nine months, predicts Andrew Coburn, from the Cambridge Centre for Risk Studies.
Risk mapping software for underwriters launched by Business Insight
Business Insight has launched a new risk mapping software for insurers.
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
FCA paves way for insurers to take advantage of cloud services
The Financial Conduct Authority says there is no "fundamental reason" why cloud computing cannot be used by financial services companies in a manner that complies with its rules.
Innovation Broking attracts £2m VC investment
Venture capital investor Albion Ventures is to invest £2m in commercial broker Innovation Broking.
Talk Talk reveals cyber attack cost but stays on track for financial targets
Talk Talk is aiming to hit its fiscal targets for 2016, set before last month’s cyber attack on the telecoms company.
LMA starts new committee to focus on CROs
The Lloyd’s Market Association has set up a new committee of chief risk officers to examine best practice and promote high technical standards among CROs.
Travel: Winter Sports: Prang on the piste
Snowflakes have barely started falling in the Alps but already the media is asking how well our travel insurance policies will protect holidaymakers if their trip is hit by cancellation or calamity
Increased city populations to spur flood exposure in Asia, says JBA study
According to catastrophe modeling company JBA Risk Management population increases in four major Asia cities will lead to a large rise in flood risk exposure.
In Series: Windstorms: Lessons from history
Debate over how European windstorms are evolving can be fierce, with data available to prove virtually every possible variation. But, with this weather phenomenon seriously battering Europe and its insurers’ claims funds, a greater understanding of what…
Company bosses urged to see business benefits of insurance
Business leaders have been urged by risk management association Airmic and the Institute of Directors to stop seeing insurance as a ‘grudge purchase’ and start using it to enable them to take risks as they grow their business.
Flood Re hires Bartholomeusz as CRO
Flood Re has appointed Michael Bartholomeusz as its chief risk officer responsible for the scheme's risk management framework.
Blog: The end of the commodities super cycle and its effect on the risk climate and the claims environment
On the surface, all indicators point towards positive growth in global gross domestic product. But this cannot hide the serious effect the changing macro-economic trends are having on the risk environment, notably the end of the commodities super cycle.
Halloween Costumes: The burning issue
A high-profile Halloween accident has put the classification of fancy dress costumes into the spotlight, but current standards fall well short of consumer expectations
Editor's comment: Great Scott!
Last week was Back to the Future day – 21 October 2015 – the date film character Marty McFly travels to in the second instalment of the sci-fi trilogy.
European firms not doing enough to understand cyber risk, Marsh finds
Most European organisations are not doing enough to identify, analyse and understand their cyber risks, according to Marsh's 2015 Cyber Risk Survey Report.
Adaption and innovation key themes from Ferma 2015
Insurers and brokers must be more agile to keep up with the emerging risks facing their clients, such as the sharing economy, according to commentators at the Federation of European Risk Management Associations Forum 2015.
C-suite - Insurer: A change in perception
Businesses feel their risk profiles are increasing – so how are they adapting?
Board-level influence of risk managers growing
The level of influence of risk managers at board level appears to be growing, according to a survey by Ace European Group.
Risk modelling should have foreseen VW scandal, claims Russell Group
Volkswagen’s industrial-scale emissions fraud could have been better assessed using state-of-the-art scenario modelling.
Ferma 2015: Willis launches motor risk forecasting tool
Willis has launched a tool that allows risk managers to forecast third party motor risk across Europe.
Ferma 2015: Insurance Act guide published for Ferma members
The Federation of European Risk Management Associations has today (6 October) published a guide for its members on the implications of the Insurance Act 2015.