Ben Norris
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Europe
Risk managers must consider message as well as reporting lines–Asia
Although there is some debate as to whether the modern risk manager should report directly to the board, executive or…
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Europe
Plentiful capacity in soft Asian market but work needed to turn around commoditised price race–Asia
Asian risk managers are happy that a soft insurance market persists and they are able to access sufficient capacity for…
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Europe
ISO 31000 gets nod of approval but requires customisation–Asia
Asian risk managers have given ISO 31000 a thumbs up but stress the importance of adapting it to the local…
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Europe
Communicating at all levels is key to success–Asia
While Asian participants of our Global Risk Frontiers Survey believe that technical knowledge is important for any successful risk manager…
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Europe
Top down and bottom up approach is needed to ensure boards grasp ERM–Asia
Although there are exceptions, the majority of boards at Asian organisations do not understand the value offered by true enterprise…
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CRE Insurance
Abundant capacity drives further fall in global insurance rates finds Marsh
Global insurance rates fell for the fifth consecutive quarter with property rates down by an average of 4.6% in Q2…
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CRE Insurance
Low global insured losses in 2014 but Europe above average–Aon
Global insured and economic losses in the first half of 2014 were both well below the 10-year average, according to…
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Association News
Average total cost of risk rises for third year in row for US firms
The average Total Cost of Risk (TCOR) rose for the third year in a row for RIMS member organisations on…
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Asia
Piracy down globally but ‘worrying’ trend of hijacks in Southeast Asia says IMB
The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has raised concerns over…
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Asia
Corporate round-up
AIG in Europe launches new cyber cover for property and bodily injury risks, Markel applies for Dubai insurance licence to…
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Climate Change
Ferma and Insurance Europe warn against stricter ELD regulations
Ferma and Insurance Europe, the insurance and reinsurance federation, have both told Commercial Risk Europe that they are against the…
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CRE Insurance
TRIA renewal moves closer following US Senate vote
The latest renewal of the US Terrorism Risk Insurance Act (TRIA) took another step forward last week as the Senate…
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CRE Insurance
Terrorist attacks down but fatalities 30% above yearly average finds Maplecroft
Global terrorism fatalities during the last 12 months were 30% above the five-year average with the risk of attack increasing…
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CRE Insurance
Global banks to face US$250bn fines by 2020 as big data bolsters regulatory toolkit: Anomaly42
As the use of big data spreads, global banks could face total fines of up to US$250bn by 2020 for…
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Association News
Ferma’s Michel Dennery gives further details on certification plans
Following news last week that Ferma has given the go ahead to its risk manager certification scheme, the federation's vice-president…
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Association News
Rims’ Mary Roth named president of Ifrima
The International Federation of Risk and Insurance (Ifrima) has appointed RIMS' executive director Mary Roth as president. She takes over…
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CRE Insurance
Overcapacity in primary market leading to improved CBI cover says Willis
Overcapacity in the international construction, property & casualty insurance markets in the first half of this year has resulted in…
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Association News
Certification for risk managers gets green light as Ferma approves plan
In a milestone for the European risk profession Ferma's general assembly has agreed the framework and funding for the federation's…
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CRE Insurance
Insured nat cat losses of US$17bn well below half year average: Munich Re
Insured losses from natural catastrophes of US$17bn in the first half of this year are well below the ten-year average…
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CRE Insurance
Reinsurance rates fall again with primary buyers reaping benefits
Global reinsurance rates were down again at the June and July renewals as excess capital continues to chase muted demand,…
