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Association News
Airmic urges action from IAIS to ease compliance woes
CEO of Airmic, John Hurrell, has called on international regulators to help end the confusion over compliance on multinational insurance programmes faced by risk and insurance managers around the world.
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CRE Insurance
Authorities try to quell fears over European Ebola outbreak
The European Union confirmed on Tuesday that the European Commission has written to the Spanish health ministry demanding an explanation about how a nurse became infected with the Ebola virus…
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Asia
Political risk rises in Hong Kong but experts do not foresee contagion to China
Life in Hong Kong has been returning to normal this week following last week's pro-democracy protests but the threat of significant political upheaval remains. However, experts do not believe the…
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CRE Insurance
Civil unrest rises in supply chain markets
Civil unrest is increasingly affecting high-growth markets and key regions for supply chains, according to political risk analyst Maplecroft.
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Captives
Corporate round-up
New cyber privacy and network protection product targets SMEs, Martin Sullivan named director and non-exec of Cooper Gay Swett & Crawford, Martin Best appointed managing director of Willis Management (Guernsey)…
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Africa
Brokerslink confirms new status and further expansion into eastern Europe and Africa
Brokerslink, the global broker network, confirmed this week during its member conference in Venice, Italy that it has completed its transformation from a not-for-profit group into a profit-making business.
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CRE Insurance
UK non-life insurers increasingly pessimistic about future
Business volumes for non-life UK insurers fell for the second consecutive quarter but profitability remained broadly stable, according to the latest CBI/PwC Financial Services Survey. It also reveals that general…
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Europe
European Risk Frontiers Survey 2014–Spain
Below are the findings from the Spanish leg of our European Risk Frontiers Survey, this year sponsored by HDI-Gerling. The questions are focused on two key areas. Firstly, the developing…
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Europe
New corporate risk profile demands wider business skills–Spain
Risk managers will increasingly need to have a firm grasp of financial issues, in addition to areas traditionally under their control such as insurance, according to leading Spanish risk professionals.
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Europe
Lack of clarity on Solvency II rules remains big worry for captive owners–Spain
The creation of new captive companies is becoming an increasingly tough exercise because of Solvency II, Europe’s planned new capital adequacy and reporting regime, according to leading Spanish risk managers.
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Europe
Unreasonable insurance demands on the rise in construction sector–Spain
Leading risk professionals in Spain have warned that construction and concession companies have to deal with an excess of insurance requirements demanded by clients that commission large infrastructure projects.
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Europe
Risk manager certification tricky as skill sets widen–Spain
The creation of a pan-European certification scheme for risk managers is a laudable project, but one fraught with difficulties because of the evolving nature of the profession, according to leading…
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Europe
Limited Latin American cat risk cover a concern for Spanish risk managers–Spain
The shortage of supply of Latin American catastrophe coverage is the biggest coverage headache for Spanish companies with operations in the region, according to Commercial Risk Europe’s poll of leading…
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Europe
Risk managers vs internal auditors: Confusion needs to be cleared up–Spain
Risk managers at major companies in Spain believe their profession needs stronger commitment from boards to realise its full potential, but also a clarification of the role that internal auditors…
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Europe
Economic recovery, consumer demands & regulation top Spanish risk agenda–Spain
Spain’s long-running economic woes, changing consumer behaviour and regulatory risks rank among the main threats faced by Spanish companies today, in the view of leading risk managers in the country.
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Europe
European Risk Frontiers Survey 2014–Portugal
As part of this year’s European Risk Frontiers project, carried out by the Commercial Risk Europe team and this year sponsored by HDI-Gerling, we held a roundtable meeting with leading…
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Europe
Facilitating the risk owners–Portugal
Risk managers must operate as facilitators within their companies to help the various and diverse departments take responsibility for their own risks, according to participants of the Portuguese leg of…
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Europe
Balancing technical & soft skills–Portugal
Technical knowledge is important for risk managers but the deployment of soft skills, such as leadership and communication, are also likely to define whether their efforts succeed or not, Portuguese…
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Europe
Transparency remains a concern for some–Portugal
Portuguese companies would like to see more transparency from their insurance brokers to avoid any conflict of interest.
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Europe
Risk managers must be able to say…NO–Portugal
Risk managers must not be scared of saying no in order to add value to their companies, according to participants of the Portuguese leg of our European Risk Frontiers Survey.