US-EU covered agreement on reinsurance benefits members, says RIMS

US-EU covered agreement on reinsurance benefits members, says RIMS

US-EU covered agreement on reinsurance benefits members, says RIMS

RIMS, the US risk management society, has declared its support for the recently proposed US-EU covered agreement on reinsurance. In a letter to Steven Mnuchin, Secretary of the Treasury, US Department of the Treasury, RIMS president Nowell Seaman cites the covered agreement’s “propensity to benefit RIMS members by eliminating collateral requirements that would result in additional capital, increasing reinsurance capacity,…

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…

New links forged between Nigerian and UK risk associations

New links forged between Nigerian and UK risk associations

New links forged between Nigerian and UK risk associations

The Institute of Risk Management (IRM) UK is expanding its reach in Africa, thanks to a new alliance with a Nigerian risk association. Last week, it signed an alliance with the Chartered Institute of Loan and Risk Management (CILRM), Nigeria, signing a group affiliate scheme agreement between the two organisations. IRM claims to be the leading global professional body for…

Sustainability takes centre stage as EU non-financial reporting rules take effect

Sustainability takes centre stage as EU non-financial reporting rules take effect

Sustainability takes centre stage as EU non-financial reporting rules take effect

The issue of sustainability is rising up the corporate agenda and must now be taken more seriously as new European rules mandate non-financial reporting at large companies, according to Anna Rönngard, sustainability standards manager at clothing retail firm H & M Hennes & Mauritz. “Along with other European countries, Sweden recently passed EU laws that require sustainability reporting in your…

Delivering an integrated sustainability agenda: the experts view

Delivering an integrated sustainability agenda: the experts view

Delivering an integrated sustainability agenda: the experts view

Anna Rönngard, sustainability standards manager at Swedish multinational clothing-retail company H & M Hennes & Mauritz, delivered a presentation at the recent Swerma Forum in Stockholm on managing sustainability risk. We look at how H&M tackles the issue and her key advice on how to integrate sustainability across an organisation and tackle some of the leading risks. H & M…

Compliance burden in danger of stifling forward-thinking risk management

Compliance burden in danger of stifling forward-thinking risk management

Compliance burden in danger of stifling forward-thinking risk management

A leading risk manager told Commercial Risk Europe at the Swerma Forum that compliance is taking up more and more of his profession’s time, in some cases without adding any real value and becoming just a tickbox exercise. Lennart Edström, vice-president of group risk management at AB Electrolux, said risk managers collectively need to push back against unnecessary compliance that…

New international risk management alliance for Nigeria

New international risk management alliance for Nigeria

New international risk management alliance for Nigeria

The Institute of Risk Management (IRM), UK has forged an alliance with the Chartered Institute of Loan and Risk Management (CILRM), Nigeria. The IRM said it was delighted to announce that the two groups have signed a group affiliate scheme agreement between the two organisations. IRM has more than 600 members across Africa and active regional groups in Ghana, Kenya…

RIMS survey highlights plethora of BI challenges facing insureds

RIMS survey highlights plethora of BI challenges facing insureds

RIMS survey highlights plethora of BI challenges facing insureds

Risk managers have named difficulties quantifying losses as their greatest challenge when handling business interruption (BI) claims. The RIMS Business Interruption Survey 2017 revealed that 58% of risk managers find calculating losses from a business interruption claim the most significant hurdle, followed by 46% that experienced difficulties in providing paperwork to insurers. The survey of 400 RIMS members, conducted in…

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