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…

Fool for five minutes, or forever?

Fool for five minutes, or forever?

Fool for five minutes, or forever?

The inability to deliver a product or service to the customer as promised and agreed is the biggest risk that faces nearly all businesses. This is arguably supply chain risk in its purest form. This risk has changed immeasurably in recent times as the nature of the global economy has transformed towards less tangible services and risks. Tangible supply chain…

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…

No Brexit boost for risk managers

No Brexit boost for risk managers

No Brexit boost for risk managers

Risk managers are helping their companies manage risks associated with the UK leaving the EU, but Brexit is not proving a springboard to board recognition. Almost one year ago, on 23 June 2016, the UK voted to leave the EU, sparking a period of almost unprecedented uncertainty for business. Since then, many risk managers have been assisting their companies to…

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…

Airmic steps up education programme to boost talent pool

Airmic steps up education programme to boost talent pool

Airmic steps up education programme to boost talent pool

Airmic is partnering with six UK universities and has launched a year-long professional development programme with Cass Business School, in a bid to attract young people to the risk management profession and ensure more experienced individuals are ready to take on leadership roles. The association said on the opening day of its annual conference in Birmingham yesterday that these developments,…

Risk management and business need millennials

Risk management and business need millennials

Risk management and business need millennials

Recent political upheaval demonstrates the need for business and the risk management profession to embrace the younger generation, according to speakers at this year’s Airmic conference. Opening the Airmic conference on Monday, Clive Clarke, the association’s outgoing chair, highlighted the need to get more young people into the risk management profession. “The risk management profession needs to adapt if it…

UK boards properly getting to grips with risk management

UK boards properly getting to grips with risk management

UK boards properly getting to grips with risk management

Boards of leading UK firms fully understand the value of risk management and no longer regard it as just a tickbox exercise, according to risk managers taking part in our European Risk Frontiers survey. There was general agreement that, in part driven by regulatory and reporting requirements, the issue of risk management is higher up the corporate and board agenda…

Insurers ‘scratching the surface’ of ERM, says report

Insurers ‘scratching the surface’ of ERM, says report

Insurers ‘scratching the surface’ of ERM, says report

Enterprise Risk Management (ERM) will become a reality for insurance companies during the next decade rather than a concept, with the chief risk officer (CRO) role instrumental in ensuring future success, according to a new report from Mazars and Chartis Research. The Case for Enterprise Risk Management in Insurance report states that risk management will need to become more sophisticated…

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