Risk management role evolving positively in the Netherlands: Narim

Risk management role evolving positively in the Netherlands: Narim

Risk management role evolving positively in the Netherlands: Narim

The Dutch risk management association Narim is attracting growing interest from younger risk managers as it continues to evolve from its core insurance management supporting function. More experienced Narim members whose traditional role was previously focused on insurance management are also finding that they are increasingly involved in broader business risk matters, a development that they accept with open arms.…

Risk managers urged to sign up early for Ferma Forum to gain discounts

Risk managers urged to sign up early for Ferma Forum to gain discounts

Risk managers urged to sign up early for Ferma Forum to gain discounts

Time is running out for risk managers who are members of Ferma national associations to register for this year’s Ferma Forum in Monte Carlo on October 15 to 18 and bring another member or non-member risk manager for free. Ralph Mulder, Ferma board member and insurance manager at Dutch energy firm Uniper, told Commercial Risk Europe at the Narim annual…

Study proves link between nanoparticles and heart disease

Study proves link between nanoparticles and heart disease

Study proves link between nanoparticles and heart disease

New research into the health impact of nanoparticles finds that inhaled nanoparticles can enter the bloodstream and put healthy people at risk of stroke and heart disease. Part funded by the British Heart Foundation and conducted by a team of scientists from the UK and the Netherlands, the research supports previous studies that have found links between cardiovascular disease and…

European political risk subsides as populism hits a ceiling

European political risk subsides as populism hits a ceiling

European political risk subsides as populism hits a ceiling

The defeat of populist parties in recent French and Dutch elections has gone some way to alleviating concerns for the political stability of the EU. But companies in the region will continue to face heightened political risk, according to political risk consultants. Emmanuel Macron’s success in the first round of the French elections, just weeks after Europhile liberal candidate Mark…

Storm Thomas losses to top €200m: PERILS

Storm Thomas losses to top €200m: PERILS

Storm Thomas losses to top €200m: PERILS

PERILS estimates losses of €213m from the extra-tropical cyclone Thomas, also known as storm Doris, which affected parts of the UK, the Netherlands, Belgium and Germany during two days in February. The initial estimate covers property damage caused by the storms, mainly from claims in the UK and Germany, and is based on loss data reported by primary insurance firms.…

Lloyd’s set to announce Brussels or Luxembourg as new EU subsidiary Wednesday

Lloyd’s set to announce Brussels or Luxembourg as new EU subsidiary Wednesday

Lloyd’s set to announce Brussels or Luxembourg as new EU subsidiary Wednesday

Lloyd’s is set to choose between Brussels and Luxembourg for its new EU subsidiary and will announce its decision tomorrow, according to Reuters. A Lloyd’s spokesperson told Reuters that the market will make its decision public on Wednesday, after its council meets. This is the same day that the UK will trigger Article 50 of the Lisbon Treaty, which will…

Insured global disaster losses rise 42% in 2016

Insured global disaster losses rise 42% in 2016

Insured global disaster losses rise 42% in 2016

Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma report. Although in line with the ten-year average, the bill was the highest annual total since 2012, driven largely by natural catastrophe losses from earthquakes, storms, floods and wildfires. Total economic losses from natural catastrophes and man-made events in 2016…

Decree on Dutch insurance premium tax issued

Decree on Dutch insurance premium tax issued

Decree on Dutch insurance premium tax issued

A new decree on insurance premium tax (IPT) in the Netherlands has been issued, clarifying and changing certain aspects of Dutch IPT, according to FiscalReps. The decree revises and clarifies various definitions with regards to the IPT exemption available for the insurance of commercial seagoing vessels, specifically in relation to insurance of certain inland vessels, contracts for certain mortgage interest…

Business votes digital risks as top three disruption threats

Business votes digital risks as top three disruption threats

Business votes digital risks as top three disruption threats

Digital risks rank as the top three interruption threats in a recent survey of global businesses, undertaken by the Business Continuity Institute (BCI). Cyber attacks emerged as the greatest perceived threat, with 88% of businesses concerned. This was followed by data breach in second place and IT/telecom outages in third. The results are from the BCI’s Horizon Scan Report, published…

Storm Egon losses to top €200m

Storm Egon losses to top €200m

Storm Egon losses to top €200m

Storm Egon, which hit parts of France and Germany last month, is estimated to cost insurers €212m, according to data from Zurich-based PERILS. The insurance industry loss database firm said the windstorm is the first to break the €200m mark for two years. The storm brought high winds, heavy rain and snowfall to northern and central France and central and…

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