The changing shape of environmental regulation – a challenge for multinational businesses

The changing shape of environmental regulation – a challenge for multinational businesses

The changing shape of environmental regulation – a challenge for multinational businesses

Environmental regulation is changing at an exponential rate. Around the world there has been a significant strengthening of regulation, consisting not only of tighter new rules but also more rigorous, consistent enforcement. For multinational organisations, the consequences of not being prepared locally and the impact of an environmental incidents can be severe. Traditional risk management techniques may leave companies exposed…

Smart motorways: in need of improvement?

Smart motorways: in need of improvement?

Smart motorways: in need of improvement?

As the UK government confirms that it will undertake an urgent review of smart motorways following several tragic deaths, what is the future viability of such roads? First of all, what is a smart motorway? Smart motorways, or managed motorways as they were previously called, were first introduced in the UK in 2006. Across Europe, elements of smart motorways have…

Talk, talk, talk

Talk, talk, talk

Talk, talk, talk

Communication is vital for the relationship between insured and insurer to remain sustainable, suggests Sharon van Herel, Netherlands country manager of Risk Frontiers Europe sponsor HDI Global. The importance of a sustainable insurance market cannot be overstated and risk managers need to work in partnership with insurers to enable a consistent service and secure claims payments, according to Sharon van…

Interdependency of risks a key concern for insurers across Europe

Interdependency of risks a key concern for insurers across Europe

Interdependency of risks a key concern for insurers across Europe

Michael Rüsch, recently appointed country manager for HDI Global in Switzerland, spoke to Commercial Risk Europe about the challenges facing risk managers in today’s rapidly changing environment. As the weather across Europe turns autumnal, it is hard to remember back to a summer of record heat. But for insurers and risk managers alike, the hot summer (yet again) was a…

Typhoon Hagibis – alert on potential issues

Typhoon Hagibis – alert on potential issues

Typhoon Hagibis – alert on potential issues

Typhoon Hagibis made landfall in eastern Honshu, Japan on 12 October, bringing heavy rainfall, flooding and mudslides in rural areas. The typhoon reportedly affected more than six million people, leaving thousands without electricity and water for a few days. The potential exposure for insurers from the typhoon is likely to be significant. Hagibis is reported to be as powerful as…

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…

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…

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

When Daniel San Millán took over as president of Spanish risk management association Igrea for a second time in May, he was probably entitled to a sense of déjà vu. The association still needs to tackle some of the same challenges that risk managers have been dealing with since its creation back in 2009. Issues such as claims handling and…

Cyber risk management improving in Europe

Cyber risk management improving in Europe

Cyber risk management improving in Europe

CRE spoke to James Tuplin, head of international cyber at AXA XL, about some of the trends in cyber risk and insurance management to find out the current state of play. He discussed areas in which risk and insurance managers are improving, as well as where and how they can up their game. Ben Norris: What is the state of…

Pace of change causing risk management problems

Pace of change causing risk management problems

Pace of change causing risk management problems

The pace of change is hampering risk managers’ ability to identify, manage and mitigate their organisations’ risks, according to Francesco Semprini, managing director for Risk Frontiers Europe sponsor HDI Global in Italy. Mr Semprini said risk managers face an increasing list of risks to manage, and they are becoming ever more complex. “Even ‘traditional’ risks such as natural catastrophe are…

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