AIRMIC has opened talks with the insurance market to address concerns that the current law that governs disclosure in the U.K.’s commercial insurance market is ‘unfair’ on buyers.
The quality of an insurance buyer’s presentation of risk information is crucial for them to obtain the most competitive terms from insurers, with underwriters rating it as more important than broker relationships when deciding whether to quote for a risk, according to research by broker Bowring Marsh.
EU Energy Commissioner Günther Oettinger called a meeting of oil and gas production industry executives that operate in Europe and its offshore areas this Wednesday to obtain assurances that they ‘fully manage all necessary risks’ to avoid disasters similar to the ongoing Deepwater rig event in the Gulf of Mexico.
ERM is becoming the norm in Sweden and risk managers should not have to constantly prove its value. Ben Norris reports.
Risk managers must learn how to communicate effectively if their true value is to be realised by employers argued a communications expert at the SWERMA conference. Ben Norris reports.
Carolyn Williams, Head of Thought Leadership at the Institute of Risk Management (IRM), told Ben Norris, about the importance of risk management education, the IRM’s current offering and what it has planned for the future, particularly in Europe.
The U.K.’s Law Commissioner for Commercial and Common Law, David Hertzell, believes that aspects of the current law that governs disclosure in the commercial insurance market favours insurers over buyers.
In the opening speech at this year’s Institute of Risk Management (IRM) conference in Keele, England, Andrew Keeling, the education provider’s Chairman, spoke of the growing challenge of managing risk in the 21st century in a risk environment that is ‘travelling at 100 mph.’
Property casualty insurer and reinsurer Torus has acquired Glacier Insurance AG, a subsidiary of the Glacier group, subject to regulatory approval.
Energy risks are of increasing concern to business and are now rated as big a risk as health and safety, according to energy supplier npower’s Business Energy Index, an annual survey which tracks business opinion on energy use and carbon emissions.