French risk managers increasingly concerned that budgets are insufficient

French risk managers increasingly concerned that budgets are insufficient

French risk managers increasingly concerned that budgets are insufficient

French risk managers are being entrusted with more responsibilities than ever before but a growing number say budgets are not sufficient to carry out their work, finds the newly published Risk Management Barometer by France’s risk management association AMRAE. The study, published every two years, sheds light on the profile of risk managers in France. It finds that wages are…

Risk manager finalists of European Risk Management Awards named by Ferma and CRE

Risk manager finalists of European Risk Management Awards named by Ferma and CRE

Risk manager finalists of European Risk Management Awards named by Ferma and CRE

The finalists of this year’s European Risk Management Awards’ Excellence in Risk Management categories, which aim to reward and promote best practice within the risk management community, have been announced. The winners will be named alongside those from the Excellence in Customer Service and Individual Achievement categories at the European Risk Management Awards, jointly hosted by Commercial Risk Europe and Ferma, on…

New COSO ERM framework welcomed by risk managers

New COSO ERM framework welcomed by risk managers

New COSO ERM framework welcomed by risk managers

The risk management community has welcomed a key update to the enterprise risk management (ERM) framework from the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The newly published framework updates the existing version dating back to 2004. RIMS said the new Enterprise Risk Management – Integrating with Strategy and Performance framework recognises how far ERM has developed during…

Necessity is the mother of invention

Necessity is the mother of invention

Necessity is the mother of invention

Delegates at the Institute of Risk Management South Africa Cruywagen Risk Lab in Cape Town heard why it is when businesses are struggling that they should be innovating The missed opportunity is one of the greatest risks – a favourite saying of Gert Cruywagen, the mastermind behind the Institute of Risk Management South Africa (IRMSA) Cruywagen Risk Labs. Speaking at…

Risk managers must scan far horizons

Risk managers must scan far horizons

Risk managers must scan far horizons

There are multiple futures and people can influence what happens next, risk managers were reminded at the recent Institute of Risk Management South Africa Cruywagen Risk Lab in Cape Town. Doris Viljoen, senior futurist at the Institute of Futures Research at the University of Stellenbosch, told delegates that risk managers need to identify the seeds of change and be prepared…

Time to think the unthinkable

Time to think the unthinkable

Time to think the unthinkable

Risk managers should be thinking the unthinkable and should stop believing in black swans, according to a leading South African risk manager. Speaking at the Institute of Risk Management South Africa (IRMSA) Cruywagen Risk Lab in Cape Town, Chris Palm, IRMSA chief risk adviser, said he struggles with the concept of black swans because he believes risk managers should be…

It’s not all over yet for SA

It’s not all over yet for SA

It’s not all over yet for SA

Looking for the upside can be difficult in the immediate wake of a rating downgrade, particularly when the whole country is affected but, as Liz Booth heard, risk managers still have reasons to be cheerful Confidence is a fragile thing and lack of confidence in a country can have devastating consequences. So the mood in South Africa since its downgrading…

Feet on the ground, eyes on the horizon

Feet on the ground, eyes on the horizon

Feet on the ground, eyes on the horizon

As times get tough, risk managers have a golden opportunity to add value to their organisations, believes Berenice Francis, the newly appointed president of the Institute of Risk Management South Africa. Here, she talks to Liz Booth Tell us a little about yourself I am the group commercial executive for Imperial Holdings and risk management is within my portfolio of…

Finalists of European Risk Management Awards announced

Finalists of European Risk Management Awards announced

Finalists of European Risk Management Awards announced

The finalists of this year’s European Risk Management Awards’ Excellence in Customer Services categories, which aim to reward and promote best practice and innovation among companies that serve the risk management community, have been announced. Following deliberation by our judging panel of prominent members from European and international risk management associations, a list of finalists for each of the seven…

Airmic and insurance industry welcome Ogden Rate reform

Airmic and insurance industry welcome Ogden Rate reform

Airmic and insurance industry welcome Ogden Rate reform

The UK government has responded to pressure from the risk and insurance industry and will reform the way it sets the Ogden Rate, a discount applied by courts in awarding personal injury compensation to allow for investment returns on large awards. UK risk management association Airmic and the wider insurance community have welcomed the outcome of a consultation on the…

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