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…

The globalisation of D&O liability

The globalisation of D&O liability

The globalisation of D&O liability

At a global level, there has been a worsening claims environment for directors’ and officers’ (D&O) liability ever since the financial crisis, and the current situation reflects a significantly more challenging regulatory and legal environment than in the past. Regulators and policymakers around the world have focused their attention more and more on directors and officers in their efforts to…

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…

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…

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…

Leveraging AI to improve the customer experience

Leveraging AI to improve the customer experience

Leveraging AI to improve the customer experience

Technology is continually improving the customer experience in the insurance industry. One area that has been a problem, not just for the insurance industry but for the broader financial sector, is unstructured data, and in particular, text documents and emails with attachments. Automation has struggled with unstructured data, but now artificial intelligence (AI) is being used in pilot projects in…

1 2 3 23