Risk managers taking on new skills to deliver multidisciplinary role

Risk managers taking on new skills to deliver multidisciplinary role

Risk managers taking on new skills to deliver multidisciplinary role

Italians taking part in our Risk Frontiers Europe survey strongly believe they should maintain control of buying insurance for their organisation, and noted that their role goes far beyond buying cover at the best price. They agreed that a broad understanding of risk is vital to making the right choices for any insurance programme and is something that procurement, for…

Sustainability and resilience rise to prominence in Italy

Sustainability and resilience rise to prominence in Italy

Sustainability and resilience rise to prominence in Italy

As a country that suffers drought, flood and earthquake, Italians are well used to the challenges posed by natural catastrophes. So, it comes as no surprise that a group of risk managers meeting in Milan for our Risk Frontiers Europe survey said they have had resilience on their agenda for many years. Several major Italian corporations are listed on the…

Smaller firms more likely to be impacted by insurer mergers, say risk managers

Smaller firms more likely to be impacted by insurer mergers, say risk managers

Smaller firms more likely to be impacted by insurer mergers, say risk managers

Small and medium-sized (SME) companies are most likely to be impacted by the recent swathe of mergers and acquisitions among insurers and brokers, according to a group of Italian risk managers taking part in our Risk Frontiers Europe survey. Alessandro De Felice, president of Italian risk management association Anra and chief risk officer at Prysmian Group, said recent consolidation in…

A whole new way of learning

A whole new way of learning

A whole new way of learning

The insurance industry is undergoing a fundamental transformation and there is a big focus on technology and how to address changing customer needs. And while this is of course important, the vital role of people should not be forgotten. The insurance industry is still, and always has been, a people industry and relies on attracting and retaining the best talent…

The role of captives in managing cyber risk

The role of captives in managing cyber risk

The role of captives in managing cyber risk

The threat of a cyberattack ranks at or near the top of most risk managers’ lists of concerns. Managing and mitigating a company’s exposure to a cyber event is a critical part of the overall risk programme. Cyber is an evolving, volatile risk. Steven Bauman, head of the global programmes and captive practice in North America at AXA XL, explains…

Time for a pick-me-up

Time for a pick-me-up

Time for a pick-me-up

The past few months have brought a sort of weariness. People across the world are reporting feeling overworked and stressed, tired of politics, tired of endless rules and tired of fighting merely to stand still. A depressing thought perhaps, but the challenge for risk managers is what threat that might pose to the business. For example, Chris Palm talks in…

IPT considerations for the corporate policyholder

IPT considerations for the corporate policyholder

IPT considerations for the corporate policyholder

For a global corporation, Insurance Premium Tax (IPT) compliance is the responsibility of the insurer, possibly broker or even the local in-territory policyholder for administration purposes, and is a consequence – not a driver – of their global insurance programme and policies. Ever-evolving compliance requirements in this area however, drive tax authority requests for increasing levels of detailed information of…

Scenario planning for climate risks

Scenario planning for climate risks

Scenario planning for climate risks

People are becoming more aware of the increasing frequency and intensity of climate events, and corporations are slowly responding to this increased awareness among customers. However, it may not have reached the point where such risks start to significantly influence how organisations do business. Hence, the question is: when will action on climate change reach a tipping point, ie when…

Get ready for a bloody renewal…

Get ready for a bloody renewal…

Get ready for a bloody renewal…

Recent half-year results published by leading international insurers and brokers all point to a hardening commercial insurance market that appears to be rapidly gaining pace, which means risk managers across Europe need to start preparing their colleagues and bosses for higher insurance costs next year. Potentially more significant and difficult to explain to the CFO is the fact that, as…

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