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CRE Insurance
UK firms struggling to get on top of cyber risk: Marsh survey
A new survey by Marsh reveals that UK boards and risk managers lack cyber risk oversight and a fall in the number of firms that believe they have a complete…
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CRE Insurance
Buyers urged to sharpen focus on contract placement
Insurance buyers need to up their game and put claims disputes front of mind when arranging their insurance, according to insurance governance firm Mactavish.
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CRE Insurance
Insurance Act to usher in ‘grown-up’ risk transfer but could complicate claims: Cunningham Lindsey
The UK’s 2015 Insurance Act will demand a more collaborative approach to insurance placement and claims that should usher in a more grown-up approach to risk transfer, according to Royston…
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Association News
New Airmic chair aims for best in class
Airmic’s incoming chair Patrick Smith believes the association must find a balance between serving the needs of its current membership and meeting the requirements of the future risk and insurance…
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CRE Insurance
Brexit and regulation top BIBA’s agenda
Regulation and the threat of ‘Brexit’ from the EU are top concerns for the UK’s international brokers, according to Graeme Trudgill, Executive Director of the British Insurance Brokers’ Association (BIBA).
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CRE Insurance
Broker relationships under pressure: AM Best
Intense pressure on margins in the highly competitive market environment is forcing a potentially significant and lasting change in the relationship between London market brokers and risk carriers, according to…
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CRE Insurance
London market faces up to global challenge
Commercial Risk Europe’s Adrian Ladbury presents the key findings of the Boston Consulting Group’s report that the London market is using as the basis for a comprehensive and ambitious reform…
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CRE Insurance
Devil in the detail
David Gittings is chief executive of the Lloyd’s Market Association (LMA), the association that represents underwriting companies in the London-based insurance and reinsurance market. He is therefore a key player…
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Association News
Chartered Insurance Risk Manager moves a step closer
Proposals to enable insurance risk managers to seek chartered status are approaching the final approval stage. The move to create the new title of Chartered Insurance Risk Manager would give…
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Association News
Airmic sets out sample Insurance Act endorsements
Airmic has published a technical briefing paper that includes a series of sample wordings and endorsements to help insureds with insurance contracts governed by English law take advantage of some…
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CRE Insurance
Insurance associations issue Insurance Act guidance
Following the publication of the British Insurance Brokers Association's (BIBA) guide to the Insurance Act for brokers last month, the underwriting community has issued its own guidance.
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Association News
Airmic calls for broader reputational risk cover
Insurers say they are willing to work with the UK risk and insurance managers’ association Airmic as it looks to broaden the scope of reputational risk coverage.
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CRE Risk Management
Over half of large firms yet to embed risk culture: QBE
UK companies are making progress on risk management but the vast majority are failing to embed risk culture throughout their organisation, according to a study by QBE.
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CRE Risk Management
Liberty launches new online portal for risk managers
Commercial risk managers holding property and liability policies with Liberty Mutual (LMI) are to be rewarded with a new online portal designed to aid risk management. The Liberty Risk Reduce…
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CRE Insurance
Aon Global Risk Consulting makes key changes
Aon Risk Solutions has shaken up its Global Risk Consulting practice naming a new MD in the UK and making further senior appointments.
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Europe
European Risk Frontiers Survey 2015–Switzerland
As part of this year’s European Risk Frontiers survey, carried out by the Commercial Risk Europe team and sponsored by HDI-Gerling, we held a roundtable meeting with leading Swiss risk…
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Europe
Risk profession needs to move onto front foot and sell value–Switzerland
According to the members of SIRM who took part in this year’s Swiss roundtable that forms part of our European Risk Frontiers survey, one of the biggest risks currently faced…
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Europe
Contract management critical as customers and suppliers try to shift risk–Switzerland
Contracts have always been a critical part of risk management as they are supposed to ensure that project risks, ongoing relationships and supply chains are fairly and properly apportioned and…
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Europe
Insurance background holds back risk management–Switzerland
The SIRM members agreed that the job of selling risk management is not made easier by the fact that risk managers within corporations still almost overwhelmingly come from an insurance…
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Europe
Process improvement should be number one focus for insurance market–Switzerland
The Swiss risk managers agreed that process is the key area for improvement when asked what the insurance market needs to focus upon to up its game.