Risk Management
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.
Ferma 2015: Businesses say cyber is the greatest threat
Cyber and IT-related risks are the most likely to occur and carry the greatest potential impact on operations, according to the 2015 International Business Resiliency Survey, jointly conducted by Marsh and the Disaster Recovery Institute International.
Ferma 2015: Ferma to forge relationship with systems provider Axco
The Federation of European Risk Management Associations is to partner with Axco Insurance Information Services to give its member associations access to Axco's database of global regulatory requirements.
Ferma 2015: Ferma appoints first CEO as Bindelle exits
The Federation of European Risk Management Associations has appointed Typhaine Beaupérin as its first CEO following the departure of executive director Florence Bindelle.
Ferma 2015: Lloyd's and Ferma to launch ‘masters' training programme
The Federation of European Risk Management Associations and Lloyd's today (6 October) launched the third edition of their joint professional development programme, including a masters' day for experienced risk managers.
Ferma 2015: Ferma launches certification scheme at forum
The Federation of European Risk Management Associations today (5 October) launched its certification scheme, RIMAP.
Ferma 2015: Cyber risk ‘not fully understood'
The vast majority of businesses believe that cyber risk has still not been fully understood, according to Aon Risk Solutions.
Risk managers admit need for new skills in face of emerging risks
More than seven out of 10 (71%) risk managers consider their overall level of influence is greater now than it was three years ago, according to Ace European Group research.
C-Suite - Insurer: Navigating the risk landscape
The industry is responding well to emerging risks but flexibility, creativity and client service are still key.
Willaert to succeed Graham as Ferma president
The Federation of European Risk Management Associations has announced its 2015/2016 executive committee to be led by president Jo Willaert.
Expertise From A-Z: SMEs - Better use of data
There are huge amounts of data out there and it is now much easier for brokers to use and place business online – if only they were more aware of this
Expertise From A-Z: SMEs - Protecting SMEs
A Financial Conduct Authority thematic review found SMEs were being let down by claims handlers. What can the industry do to improve?
C-Suite - Broker: Strike it lucky
Emerging markets may be taking a bit of a hit at the moment, but opportunities within still abound.
AGCS predicts global cyber premiums will reach $20bn per year by 2025
Allianz Global Corporate and Specialty forecasts cyber insurance premiums will grow globally from the current level of $2bn (£1.3bn) per year to more than $20bn over the next decade, representing a compound annual growth of more than 20%.
CFC launches global cyber risk portal
CFC has extended its cyber product suite with the launch of an online hub, which it claims enables brokers to deliver an end-to-end solution to their clients.
How insurers can get ready for the Fourth Anti-Money Laundering Directive
The Fourth Anti-Money Laundering Directive applies to a range of businesses, including insurers. After its formal adoption in June, European Union member states now have two years to implement the new rules into national law.
Europe: Challenges and rewards in driving Enterprise Risk Management
Enterprise Risk Management has become an important tool to analyse companies and improve operational performance. Its adoption was led, initially and for the most part, by important institutions in the United States and in Europe, but it is now slowly…
Editor's Comment: Time to shine
In a year’s time the Insurance Act 2015 will come into force and the UK insurance market, or at least practices within it, are set to look very different.
Win John Lewis vouchers with Post's natural hazard survey
Post, in partnership with the Met Office, is running a natural hazard risk survey to provide in-depth insights into how insurers manage these risks to improve underwriting performance and mitigate claims exposures.
C-Suite - Broker: Insure my Christmas drone
With the market for drones increasing, there are opportunities for insurers to provide new solutions.
Hundreds of London market wordings threatened by Insurance Act
Hundreds of model policy wordings used by the London market may require amendment in light of the new Insurance Act, according to the Lloyd's Market Association.
MARM elects new president
Ian-Edward Stafrace has been elected president of the Malta Association of Risk Management, the association that has been representing the risk management profession in the country since 2011.