Risk management challenges and new technologies

Risk management challenges and new technologies

Risk management challenges and new technologies

Risk managers are facing many risk management challenges, not least in the international programme space where there are increasing regulatory pressures and complex networks to deal with. But ultimately, the biggest challenge is the sheer amount of information available and the complexity of the risk management requirements, from multiple jurisdictions, each with their own unique compliance and regulatory challenges, to…

Rising to the global challenge

Rising to the global challenge

Rising to the global challenge

Zurich is one of the world’s leading providers of international programmes and has invested heavily in this critical and high-value area for a number of years. The group now underwrites more than 7,700 programmes and incurred $2.852bn in claims last year. Commercial Risk Europe’s Adrian Ladbury asked a group of Zurich’s senior international programmes experts about emerging market trends ahead of our annual Global Programmes: Consistency and Certainty event, to be held in London on 12 June.

Understanding choke points

Understanding choke points

Understanding choke points

Kristof De Bremme, global head of marine, AIG and Dr Robin Niblett, director, Chatham House explain how the growth of intra-regional trade is introducing new exposures and choke points as a result of increased volumes and changing geopolitics. Global trade has never been static but is now witnessing more change than ever, driven by a multitude of factors from the…

Tackling supply chain risks by leveraging AI and risk engineering expertise and tools

Tackling supply chain risks by leveraging AI and risk engineering expertise and tools

Tackling supply chain risks by leveraging AI and risk engineering expertise and tools

Supply chains have become much more complex and this not only means greater vulnerability, but also makes it much harder to manage the risk. But with the help of new IT capabilities, together with risk engineering expertise, organisations can be better prepared for supply chain disruptions, mitigate or prevent the effects, or even gain a competitive advantage.

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

Made in India: A growing market and the opportunities for international insurance

Made in India: A growing market and the opportunities for international insurance

Made in India: A growing market and the opportunities for international insurance

India is set to become the world’s second-largest economy by the year 2030 (Source: Standard Chartered – by nominal GDP). The country has a young population, a growing middle-class and a large, skilled workforce. Shobhit Ghandi, emerging markets development director at AXA XL, a division of AXA, explains why India is attractive to overseas companies and the risks and challenges…

Risk managers and brokers must up game in hard market

Risk managers and brokers must up game in hard market

Risk managers and brokers must up game in hard market

If signs of a hardening market take hold, insurance buyers and brokers will need to up their game to avoid the worst pitfalls and ensure renewals do not leave them with a nasty taste in the mouth, experts say. But such market conditions also give insurance buyers the opportunity to make a difference and prove their worth to business leaders, they add…

Mass tort claims and jurisdiction: UK Supreme Court rules on Vedanta

Mass tort claims and jurisdiction: UK Supreme Court rules on Vedanta

Mass tort claims and jurisdiction: UK Supreme Court rules on Vedanta

The UK Supreme Court has found that the English courts are free to exercise jurisdiction over claims against parent companies for damage caused by their subsidiaries abroad. Accordingly, multinational corporations should now be encouraged to review their due diligence, risk control and global insurance programmes to ensure that they have adequate protection against this risk. In this high-profile judgment on…

Partnership with HR key to including benefits in global programme

Partnership with HR key to including benefits in global programme

Partnership with HR key to including benefits in global programme

It makes sense to include employee benefits within a global programme and ideally via a captive. This concept is catching on within Europe’s leading companies, but clearly resistance from local management and HR still needs to be overcome. Demand for including employee benefits within global programmes, ideally using a captive, continues to grow, according to Nicola Fordham, director of underwriting…

Selection, innovation and scrutiny are key

Selection, innovation and scrutiny are key

Selection, innovation and scrutiny are key

We caught up with Paolo Ribotta, CEO of Generali Global Corporate & Commercial (GC&C), to find how his company got on at year-end renewals, its plans for Europe and a growing focus on multinational programmes. Adrian Ladbury [AL]: What kind of year-end renewal did you experience at GC&C? How do you view the market and what was your strategy? Paolo…

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