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Teetering on the risk-reward tightrope-Switzerland
Adapting to rapid economic change, the need for a more innovative and supportive approach from insurers to deal with emerging risks and the value of long-term partnerships were key topics…
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Association News
Added value of risk must be sold
Board members will only appreciate the value added by investment in risk management if risk managers learn to sell it, according to a panel of experts at last month’s FERMA…
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Association News
Industry wide solution to global programmes on FERMA agenda
The FERMA conference in London marked the beginning of a campaign for an industry-wide effort to provide more consistency and assurance that global programmes do what buyers want when they…
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Association News
CRO needs to sit at top table
The role of the risk manager is evolving and risk managers increasingly help to make strategic decisions and gain air time at board level, agreed experts gathered for a panel…
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Association News
Risk managers must prepare for Pillar 2
Experts at FERMA’s London seminar agreed that Pillar 2 of Solvency II will mean that risk managers will have to up their game when it comes to information gathering and…
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Association News
Insurers view of FERMA survey-Regis Demoulin
FERMA used its London seminar recently to launch its big survey of European risk managers that it carried out with AXA Corporate Solutions and Ernst & Young. Ben Norris talked…
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CRE Insurance
A quiet revolution-Clive Tobin
According to Wikipedia Torus is a surface of revolution generated by revolving a circle in three dimensional space about an axis coplanar with the circle. To us simpler folk in…
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Association News
Time to raise the bar?
At FERMA’s 2010 Risk Management Seminar held in London last month Paul Taylor, Director of Risk Assurance at Morgan Crucible PLC, and board member of the risk management federation, told…
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CRE Insurance
New electronic buying tool planned for German industrial risks
German industrial groups are making a fresh attempt to arrange a system that will allow them to buy cover via an electronic portal.
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CRE Insurance
Marsh signs agreement to help avoid overpricing of Iraqi risks
Marsh has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB) that aims to help clients with operations in the Iraqi energy, power and aviation sectors obtain a…
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CRE Insurance
Industrial insurers post healthy numbers to support continued stable market
Allianz Group yesterday announced strong third quarter results in terms of revenue growth and operating profits and confirmed its operating profit outlook for 2010 at the higher end of expectations.
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CRE Insurance
Little evidence of market hardening from broker numbers
Marsh & McLennan Companies (MMC) yesterday reported revenues up and profits down for the third quarter of this year and gave insurance buyers further hope for a calm renewal in…
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CRE Risk Management
French strikes turn focus on business continuity plans
The latest holiday season in France has caused considerable losses to companies and highlighted the growing need for risk managers to have business continuity plans (BCP) in place to face…
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CRE Insurance
BI insurers increasingly reluctant to pay claims and expand coverage
As demand for business interruption (BI) insurance grows insurers have shown a decreasing appetite to pay related claims and they have become increasingly reluctant to expand BI coverage, according to…
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CRE Insurance
Solvency II nat cat calculations a ‘backward step’, says Aon Benfield
Solvency II natural catastrophe calculations, currently proposed under the Solvency II Standard Formula, are ignoring 15 years of critical evolution and could lead to higher capital requirements for insurers when…
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CRE Risk Management
UK business must consider the risks of trading with the US, says ACE
ACE's Corporate Liability Team has urged UK business to carefully consider the risks, as well as the opportunities, of exporting into the US market. They must beware of the differing…
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CRE Insurance
German insurance companies have fared well but face new test–S&P
German-based insurance companies and subsidiaries of international groups have shown stability over the past year but face a new test in the face of low interest rates, according to a…
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CRE Insurance
UK’s CII calls for end to ‘Tick Box’ regulatory approach
The Chartered Insurance Institute (CII) has called on the UK government to grasp the opportunity presented by the current review of financial regulation in order to stop the 'tick box'…
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CRE Risk Management
Actuary role will evolve to deliver ERM and scenario planning—Aon Benfield
The role of the actuary will evolve to deliver robust Enterprise Risk Management (ERM) frameworks and will increasingly involve the design of potential scenarios rather than solely performing retrospective statistical…
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CRE Insurance
CEIOPS to agree advice on broker directive next week
The Committee of European Insurance and Occupational Pensions Advisers [CEIOPS] will meet on 10 November to agree draft advice that it plans to deliver to the European Commission on its…