The busiest of years for Airmic chair

The busiest of years for Airmic chair

The busiest of years for Airmic chair

As the outgoing chair of airmic, Clive Clarke has had a somewhat busy year as the risk landscape changed apace. The UK voted to leave the EU only two weeks after he took the seat at Airmic, and just months later Donald Trump was elected US President. Geopolitical risks have also included terrorist attacks on several European cities, including London…

Dutch risk and insurance community honours Eric Bloem on retirement

Dutch risk and insurance community honours Eric Bloem on retirement

Dutch risk and insurance community honours Eric Bloem on retirement

The great and the good of the Dutch risk management and insurance community turned up in strength on Tuesday evening (20 June) in Amsterdam for a leaving party for Eric Bloem, global insurance manager for Heineken International, who retires after 39 years with the multinational brewing company. Robin Hoytema Van Konijnenburg, executive director global tax and financial markets, and Mr…

Market tries to allay buyers’ fears it won’t be ready for Brexit

Market tries to allay buyers’ fears it won’t be ready for Brexit

Market tries to allay buyers’ fears it won’t be ready for Brexit

A clear majority of UK risk managers are worried that the insurance market is not prepared for Brexit and that they will face problems as a result, according to a snap poll carried out during the main panel debate at the Airmic annual conference in Birmingham yesterday. The insurers and brokers on the panel, however, reassured Airmic members that they…

Insurers making slow progress on innovation

Insurers making slow progress on innovation

Insurers making slow progress on innovation

The insurance industry is failing to keep pace with the changing needs of risk managers as their organisations adapt to the digital economy, according to a panel debate at Airmic’s annual conference in Birmingham. Paul Goulding, head of insurance at Heathrow Airport and incoming chair of Airmic, told delegates that there are fewer insurable risks on risk registers today than…

Time for risk professionals to take on leadership role says Airmic

Time for risk professionals to take on leadership role says Airmic

Time for risk professionals to take on leadership role says Airmic

Risk managers must step up to help boards fulfil their risk governance duties or they will find that this role is taken by other functions, advised John Hurrell, Airmic’s chief executive. This transformation will require Airmic members to prepare themselves for a risk leadership role that the association believes will rise to prominence in the coming years. At the release…

Insurance Act engagement falls short: Airmic

Insurance Act engagement falls short: Airmic

Insurance Act engagement falls short: Airmic

The insurance act has failed to increase insurer and policyholder engagement as hoped, with market participants instead relying on legal and contractual measures, according to Airmic. That is the key finding of a new report by the association, which analyses the impact of the Insurance Act during its first ten months. Airmic found inconsistencies, uncertainties and potential shortcomings in the…

Farewell to John Hurrell: A decade of positive evolution

Farewell to John Hurrell: A decade of positive evolution

Farewell to John Hurrell: A decade of positive evolution

John Hurrell steps down as Airmic CEO at this year’s conference in Birmingham, after nine years in charge. We speak to him about his time in charge. Mr Hurrell has helped transform Airmic into a highly professional and effective organisation. He has dealt with some major challenges along the way, starting with the Spitzer enquiry and ending with the profession’s…

Transformation of risk profession ‘greater’ than expected but battles ahead: Airmic survey

Transformation of risk profession ‘greater’ than expected but battles ahead: Airmic survey

Transformation of risk profession ‘greater’ than expected but battles ahead: Airmic survey

A new Airmic survey suggests the risk profession is in transformation and its influence is set to grow, but important steps must be taken to fulfil its potential. The survey of more than 150 risk and insurance managers, as well as a series of qualitative interviews, finds that eight out of ten respondents believe the value of risk management will…

Hurrell challenges insurance market to use data to remain relevant

Hurrell challenges insurance market to use data to remain relevant

Hurrell challenges insurance market to use data to remain relevant

The insurance industry must focus on gathering better data and improving risk analysis to offer customers true solutions to complex, emerging threats, or it is in danger of becoming irrelevant, according to outgoing Airmic CEO John Hurrell. Speaking to Commercial Risk Europe during his final conference as Airmic CEO, Mr Hurrell said the insurance market must up its game if…

Airmic urges risks managers to update travel risk plans in light of terrorist risk

Airmic urges risks managers to update travel risk plans in light of terrorist risk

Airmic urges risks managers to update travel risk plans in light of terrorist risk

Only 16% of risk managers have strong confidence in their travel risk plans to protect employees, according to an Airmic member poll. The association said companies are not doing enough to bring travel risk management plans up to date and reflect the modern realities of terrorism, urging risk managers to review their strategies. “Sadly every week we are currently reminded…

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