Martin Strnad – Essential ingredients for a global non-admitted insurance business data base

Martin Strnad – Essential ingredients for a global non-admitted insurance business data base

Martin Strnad – Essential ingredients for a global non-admitted insurance business data base

The focus on legal, regulatory and tax requirements for doing insurance business abroad is increasing all the time. In particular, tax requirements in many countries around the globe seem to be enforced in a much stricter way than maybe a decade ago.

Swiss risk managers reject contract law

Swiss risk managers reject contract law

Swiss risk managers reject contract law

Swiss risk managers are unhappy about a total revision of their Insurance Contract Law and hope that certain changes will not come into force after all. “The introduction of the direct legal claim in liability insurance can become a real problem for risk managers and insurance buyers,” Kurt Schiesser, Head of Insurance Management at retailing company Migros told Commercial Risk Europe during the Swiss Association of Insurance and Risk Managers (Sirm) annual meeting.

Financial risks top list in Poland where risk management standards are set for uplift

Financial risks top list in Poland where risk management standards are set for uplift

Financial risks top list in Poland where risk management standards are set for uplift

Polish risk managers are worried about the economic crisis and the financial risks involved for their companies as credit risk grows, leading lights told Commercial Risk Europe at Polrisk’s annual meeting last month. According to Lukasz Góralczyk, Risk Manager at the Polish affiliate of British building material distributor SIG: “The main causes of concern are cash flow and sluggish payment by our customers.”

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