Poland
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Estimated insured losses from German flooding up to €5.8bn
The costs of the recent heavy flooding in Germany appear to be rising with AIR estimating insured losses of between…
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Polrisk ups the ante
Poland’s risk managers’ association Polrisk is working on major changes to the organisation as it attempts to up its game…
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Polish risk managers told to adapt and sell concepts to their boards
Risk managers can only create value for their organisation if they put themselves in the position of the management board…
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News in brief
Munich Re sees strong growth in global insurance market, A.M. Best positive over ASEAN insurance market outlook, XL to offer…
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Risk managers need to up communication game to gain interest of board: Polrisk
The relationship between risk managers and management board members is not as good as it could or should be. This…
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Ferma vows to fight back on watered down broker transparency rules in EU
Ferma president Jorge Luzzi used his place on the stage at last month’s RIMS conference to promise European risk managers…
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EC competition chief warns of rising risk of protectionism
Joaquín Almunia, Vice President of the European Commission responsible for Competition Policy, this week warned of the rising threat of…
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Tax and regulatory news
New indirect taxation booklet available, offshore reinsurance remittance tightened in Argentina, single Economic Space countries working on insurance agreement, EIOPA…
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Opportunity knocks – Joseph Clabby, ACE
The corporate insurance market in Europe and beyond remains highly competitive regardless of the dire economic backdrop and poor investment…
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Steady as she goes – Christian Hinsch, HDI
The second half of 2012 was a very busy and exciting time for Christian Hinsch, Deputy Chairman of the Board…
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Thirst for risk knowledge shows good FoRM
Continued and growing demand for risk management education demonstrates its benefits during a time of prolonged uncertainty, writes Tom Bovingdon…
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Coface profits up 80% but reports setback in northern Europe
Credit insurer Coface saw a dramatic 80% increase in profit last year but suffered a setback in its important northern…
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Buyers in the dark over misfiring ELD
As an EC-commissioned study finds that the Environmental Liability Directive (ELD) is failing to deliver on its promise and hold…
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Lack of ELD cases sees France seek alternative redress system
With no cases of environmental damage remediated under the Environmental Liability Directive (ELD) in France the country’s government appears ready…
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IRM launches global advisory board and announces 30-strong team
The Institute of Risk Management (IRM) has launched its global Education Advisory Board (EAB) to ensure further and relevant development…
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EC-commissioned study finds ELD struggling to make polluter pay
Preliminary findings of a study on the effectiveness of the Environmental Liability Directive (ELD) commissioned by the European Commission (EC)…
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Hydrofracking risk the big unknown warns lawyer
New hydraulic fracturing technology is one of the big risks facing major energy companies and insurers alike, delegates at the…
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More indirect taxation to come in 2013 experts warn
If 2012 was a tough year for multinational insurance programmes in terms of increased regulation and compliance issues, then next…
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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…
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Polish terrorist plot highlights threat of ‘black swans’ says expert
The Polish risk management association Polrisk had just started its annual meeting in Warsaw last month when news broke that…
