Aon’s 2018 maps show political violence and risk on the rise

Aon’s 2018 maps show political violence and risk on the rise

Aon’s 2018 maps show political violence and risk on the rise

Political violence risk has increased worldwide for the third year in a row, while broader political risk is also up, according to analysis by Aon. The broker’s newly released 2018 political risk, terrorism and political violence risk maps also suggest that the global threat posed by Islamic State (IS) has peaked, with its reach likely to fall in 2018. Political…

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%…

ISO 31000 and COSO revisions to break down silos

ISO 31000 and COSO revisions to break down silos

ISO 31000 and COSO revisions to break down silos

Recent revisions to US and international risk management standards should see increased collaboration and a focus on value creation, according to Marsh. In February, the International Organization for Standardization (ISO) published a new version of its ISO 31000 Risk Management Guidelines. The revised version provides a shorter, more concise guide to risk management frameworks, with increased emphasis on strategic risk…

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…

New global work safety standard rolled out

New global work safety standard rolled out

New global work safety standard rolled out

A new risk-based standard for occupational health and safety was published this week by the International Organization for Standardization (ISO), promising to transform workplace practices around the world and improve work safety in global supply chains. ISO 45001 will replace OHSAS 18001, and businesses that already apply OHSAS 18001 have three years to comply with the new standard. It offers…

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, 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…

Updated ISO 31000 released

Updated ISO 31000 released

Updated ISO 31000 released

International risk management standard ISO 31000 – Risk Management Principles and Guidelines – was updated on Friday to address new risks facing business, following a consultation with industry and other stakeholders. The new, shorter version addresses changes to the risk environment since ISO 31000 was first published in 2009. In particular, it looks to address more complex economic systems and…

Best but most difficult time to be in risk, says senior broker

Best but most difficult time to be in risk, says senior broker

Best but most difficult time to be in risk, says senior broker

There has never been a better but more difficult time to be in the risk business as opportunities abound but complexity rises, attendees at the 26th Rencontres de l’AMRAE were told this week. Speaking during a roundtable at the event, Todd Jones, head of global corporate risks and broking at Willis Towers Watson, said: “I’ve been coming to this kind…

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