Ferma calls for balance in EC’s collective redress plans

Ferma calls for balance in EC’s collective redress plans

Ferma calls for balance in EC’s collective redress plans

Ferma is considering the implications of the EC’s plans to introduce collective redress across the EU and higher penalties for companies that breach consumer law, before making its next move. But the federation has already reiterated its stance against punitive damages and reconfirmed its belief that out-of-court settlements are preferable for business and consumers, while reminding the commission of the…

New ISO 31000 focuses on strategy

New ISO 31000 focuses on strategy

New ISO 31000 focuses on strategy

The latest version of risk management standard IS0 3100 should see organisations take a more strategic and integrated approach to managing risk, experts told Commercial Risk Europe. In February, the International Organization for Standardization (ISO) published a new version of its ISO 31000 Risk Management Guidelines. The revised version – which took almost three years to complete and attracted some…

Risk management message being received in Italy but more work needed: ANRA

Risk management message being received in Italy but more work needed: ANRA

Risk management message being received in Italy but more work needed: ANRA

More than half of Italian risk managers say that risk management is now viewed as a fundamental part of strategic planning within their organisations and about two thirds say insurance is viewed as an essential management tool or helpful cashflow tool when losses occur. These are clearly positive signs for the profession in Italy and across Europe. However, almost 30%…

GVNW reports ‘positive signs’ in effort to prevent insurers passing on US BEAT cost

GVNW reports ‘positive signs’ in effort to prevent insurers passing on US BEAT cost

GVNW reports ‘positive signs’ in effort to prevent insurers passing on US BEAT cost

The GVNW, Germany’s risk and insurance management association, is forging ahead with plans to meet leading international insurers and seek assurance that its members active in the US will not be forced to bear higher coverage costs and restricted capacity for their US risks, as a result of the Base Erosion and Anti-Abuse Tax (BEAT) rules introduced at the start…

German risk managers seek dedicated cyber cover as demand continues to rise

German risk managers seek dedicated cyber cover as demand continues to rise

German risk managers seek dedicated cyber cover as demand continues to rise

Cyber risk has shot up the risk management and wider corporate agenda in Germany and demand for cyber risk insurance appears to be picking up fast, based on a survey of members carried out by German risk and insurance management association GVNW and presented at its conference in Cologne yesterday. Insurers will be pleased to hear that German risk managers…

Ferma calls for EU-wide database on climate change risks

Ferma calls for EU-wide database on climate change risks

Ferma calls for EU-wide database on climate change risks

Ferma has called on the eu to collect better data on – and deliver access to – climate change risk data, promote related professional risk management practices, and help organisations make use of available options to finance climate-related threats. In a position paper submitted to the EU’s Strategy on Adaptation to Climate Change consultation, the European risk management association writes…

Risk managers get chance to have their say as nominations open for 2018 awards

Risk managers get chance to have their say as nominations open for 2018 awards

Risk managers get chance to have their say as nominations open for 2018 awards

Nominations are now open for the 2018 European Risk Management Awards, organised by Ferma and Commercial Risk Europe, with risk managers and insurance buyers invited to vote on which service providers have delivered best-in-class performance this year. The European Risk Management Awards are now in their third year and will culminate at a presentation and gala dinner in Brussels on…

Ferma calls for EU-wide database on climate change risks

Ferma calls for EU-wide database on climate change risks

Ferma calls for EU-wide database on climate change risks

Ferma has called on the EU to collect and provide better access to climate change risk data, in a position paper submitted to the EU’s Strategy on Adaptation to Climate Change consultation. Ferma said greater access to actionable climate related data would help companies mitigate the risk and develop solutions. Ferma listed three recommendations for the EU’s strategy on climate…

Igrea in discussion with market to ‘significantly improve’ claims handling

Igrea in discussion with market to ‘significantly improve’ claims handling

Igrea in discussion with market to ‘significantly improve’ claims handling

Spanish risk management association Igrea believes there is significant room to improve claims-handling services and is pressing ahead with a campaign to tackle the issue on behalf of corporate buyers. Igrea’s president, Augusto Pérez Arbizu, has urged underwriters to engage in discussions with the association on claims handling, particularly to improve the speed at which coverage is affirmed and ensure…

Ferma, Airmic and IRM embrace new version of ISO 31000

Ferma, Airmic and IRM embrace new version of ISO 31000

Ferma, Airmic and IRM embrace new version of ISO 31000

Three leading risk management bodies have welcomed the release of a revised ISO 31000, praising its focus on the role of leadership in embedding risk management. The International Organization for Standardization (ISO) published a new version of its ISO 31000 Risk Management Guidelines on Friday. The revised version is said to be a clearer and more concise guide to risk…

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