Marine executives concerned over unmanned ship liability: survey

Marine executives concerned over unmanned ship liability: survey

Marine executives concerned over unmanned ship liability: survey

Uncertainty over liabilities of, and insurance for, unmanned ships is preventing the development of new technology in the marine sector, according to a new report from law firm Clyde & Co and the Institute of Marine Engineering, Science & Technology (IMarEST). The report found that 80% of 200 marine industry executives surveyed are unsure how the insurance industry will approach…

UK risk managers warned to comply with GDPR despite Brexit

UK risk managers warned to comply with GDPR despite Brexit

UK risk managers warned to comply with GDPR despite Brexit

Uk risk managers and their bosses need to forget the idea that Brexit will somehow let them off the hook when it comes to the EU’s forthcoming General Data Protection Regulations (GDPR). The UK will have to apply the tough new rules for at least ten months and probably beyond if its companies want to continue receiving personal data from…

FM Global sees growing concern over flood BI

FM Global sees growing concern over flood BI

FM Global sees growing concern over flood BI

Business interruption concerns are driving bigger investments in flood mitigation by large corporates, according to Thierry Masurel, manager, Paris operations at FM Global in France. In a year that has seen some of the biggest storms and flooding in living memory hit parts of the US and Caribbean, large companies are becoming more aware of business interruption following flood, Mr…

Companies feel less prepared to face greater uncertainty

Companies feel less prepared to face greater uncertainty

Companies feel less prepared to face greater uncertainty

Corporate risk profiles are changing fast, but European companies are feeling less well prepared, according to Rory Moloney, chief executive of Aon’s Global Risk Consulting business. “Globalisation brings opportunities for international and large corporates, but never has the speed with which the risk profiles of corporates are changing been starker,” he told CRE. Corporate risk profiles are being driven by…

Aon’s Brexit tool helping risk managers make informed decisions

Aon’s Brexit tool helping risk managers make informed decisions

Aon’s Brexit tool helping risk managers make informed decisions

Aon’s Brexit Navigator tool provides risk managers with an opportunity to better influence organisations’ response to Brexit, and arms them with information to take their rightful seat at the top table on such discussions, according to David Molony, senior consultant at Aon Risk Solutions. Mr Molony told CRE most risk managers are doing all they can to help their companies…

Insureds turning to cyber cover but demand further progress

Insureds turning to cyber cover but demand further progress

Insureds turning to cyber cover but demand further progress

Research by Chubb shows that roughly two thirds of survey respondents in Europe believe insurers have a role to play in managing cyber risk but must do more to meet clients’ needs and deliver faster. Kyle Bryant, cyber risk manager for Europe at Chubb, believes these figures are good news for his industry as it attempts to work harder and…

Collaboration key to supply chain risk management

Collaboration key to supply chain risk management

Collaboration key to supply chain risk management

Supply chain risk is clearly a critical area for all companies that operate in today’s highly competitive, fast-changing and global market. The huge interest shown in Commercial Risk Europe’s supply chain conference in London on 12 December proves how important this topic has become and how keen risk managers are to learn how to more effectively identify, measure, manage and…

Airmic seeks to deliver tomorrow’s risk leaders

Airmic seeks to deliver tomorrow’s risk leaders

Airmic seeks to deliver tomorrow’s risk leaders

Airmic has launched its 2018/19 Risk Leadership Programme that aims to turn today’s senior risk professionals into tomorrow’s risk leaders. This follows the successful launch of the first Risk Leadership Programme this September. The programme is aimed at risk managers on the cusp of leadership roles, who want to take the next step in their career. It is entirely focused…

New bank code addresses financial harm to vulnerable customers

New bank code addresses financial harm to vulnerable customers

New bank code addresses financial harm to vulnerable customers

A new code of practice for UK banks, credit card firms and pension providers has been launched to protect vulnerable customers from financial harm caused by fraud and financial abuse. Unveiled by the British Standards Institution (BSI) and sponsored by NatWest, the code provides businesses with guidance to identify customers at risk from fraud. It advises on how to assess…

Ferma concerned that buyers’ view missing from EU cyber insurance report

Ferma concerned that buyers’ view missing from EU cyber insurance report

Ferma concerned that buyers’ view missing from EU cyber insurance report

Ferma has welcomed the publication of an EU report on standardising various aspects of cyber insurance, but “regrets” that the voice of buyers is not represented, with evidence gathered only from the insurance industry. In particular, Ferma is concerned that the Commonality of Risk Assessment Language in Cyber Insurance report by the European Union Agency for Network and Information Security…

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