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Africa
Don’t forget the basics – Smita Malik, Clements Worldwide
CRA met Smita Malik, of Clements Worldwide, who warned that risk managers must remember the essentials when designing risk management policies for Sub Saharan Africa.
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Africa
Black gold fuels Ghana’s future – country focus: Ghana
There is a mood of optimism across Ghana fuelled by the discovery of oil in 2011 but, as Liz Booth discovered on a visit to Accra, the country has plenty…
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Africa
Keeping your feet on the ground – Lukas Müller, Swiss Re
Upping the levels of knowledge will be key to Africa’s continued success, along with increased understanding of the insurance markets and the ability to cope with regulation. Lukas Müller, Director…
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Africa
Bigger brother – country focus: South Africa
With the outlook for investors in South Africa somewhat mixed, risk managers charged with helping their companies exploit what remains a land of opportunity will note that one leading insurer…
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Association News
Ferma welcomes SII deal but remains cautious over captive treatment
Ferma has welcomed the trialogue agreement reached on Omnibus II that paves the way for the introduction of Solvency II in 2016 but remains cautious about certain measures – particularly…
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Association News
Proportionality will be applied to captives confirms Swedish regulator
Swedish risk managers were reassured this week by their national financial supervisor that captives will receive proportional treatment after the introduction of Solvency II.
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CRE Risk Management
Certification no easy task say Nordic risk managers
Speaking at Commercial Risk Europe's latest Risk Frontiers seminar this week in Stockholm, leading Nordic risk managers flagged difficulties in developing pan-European certification for their profession.
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CRE Insurance
AXA CS’ Kurth defends insurers on innovations and claims
Jürgen Kurth, CEO of AXA Corporate Solutions Germany, has defended the industrial insurance industry in the face of criticism from risk managers over a perceived lack of innovation.
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CRE Risk Management
Underrated threats warning from Aon
Risks are becoming increasingly complex and interdependent and consequently require more innovative and creative solutions, according to research carried out by Aon Risk Solutions that suggests a number of business…
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CRE Insurance
AGCS converts to SE status to optimise capital and simplify structure
Allianz Global Corporate & Specialty has been converted to a Societas Europaea (SE) in a move that it says simplifies its capital structure, prepares it for Solvency II and will…
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CRE Insurance
Insurers warn against rushed global capital standard
Participants at a conference organised by FFSA, France's insurance association, voiced concerns that the possible creation of a global capital standard for insurers could conflict with Solvency II and create…
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Asia
Typhoon Haiyan losses up to $700m
Super Typhoon Haiyan is expected to cost the insurance industry up to $700m.
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Benelux
Corporate round-up
AIG announces Kelly Lyles as new Head of Specialty Lines for EMEA, Allianz names Global Head of Marine, Europe and Asia Pacific successor, Belgibo Insurance Brokers appointed as the official…
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Europe
Selling the global programme to subsidiaries
The question of whether or not to go ahead with a centralised global insurance programme may be a 'no-brainer' for decision makers. But even when it makes absolute sense to…
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Europe
Brazil-based global programmes ready for take-up
The insurance market is beginning to respond to companies that want to manage global insurance programmes from Brazil, delegates at a risk management conference in São Paulo were told recently.
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Europe
International insurers expect increased M&A activity
More mergers and acquisitions (M&A) may be on the horizon for global insurers, partly driven by their need to expand into new markets or to develop new products. According to…
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Europe
Singapore set for global hub status
As Asia's risk landscape undergoes rapid change Singapore is well-placed to serve the region's burgeoning insurance needs, according to Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS).
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Europe
The science of compliance
International compliance largely revolves around licensing requirements, taxes and financial issues, awareness of varying business practices and a clear definition of an admitted insurer, according to a new report by…
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Europe
Solvency II – over the last hurdle?
They said it might never happen (well, some people did), but it looks as though Solvency II might actually become a reality as of 1 January, 2016. After years of…
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Europe
Tax and regulatory news
Myanmar market opening expected in one to two years, Croatia prepares for insurer privatisation, Lockton launches online compliance tool, IPT and VAT changes, IAIS publishes ComFrame consultation, Germany sees changes…