Extreme weather tops the Africa risk list

Extreme weather tops the Africa risk list

Extreme weather tops the Africa risk list

Cybersecurity, geopolitics and financial market fluctuations are among the chief concerns for business voiced by some leading risk experts as they look ahead to 2019, while in Africa the top risks remain extreme weather events, political and reputational risks. At the start of the year, senior members of the Institute of Risk Management (IRM) were asked to identify key risk…

European risk managers preparing for hard market

European risk managers preparing for hard market

European risk managers preparing for hard market

European risk managers are preparing for a hard insurance market while at the same time taking on a more strategic and central role at the heart of their organisations, according to a major new survey by Ferma. The federation’s biennial survey, which polled more than 700 risk managers in 29 countries, found that insurance managers are already taking steps in…

Boom or bust for risk managers when it comes to cyber

Boom or bust for risk managers when it comes to cyber

Boom or bust for risk managers when it comes to cyber

If risk managers don’t get out their comfort zones and get to grips with cyber, they face becoming redundant in the years ahead, warned experienced industry professionals at CRE’s recent Risk Frontiers event in Brussels. Speaking at a panel debate entitled ‘Risk management update – the state of the profession’, Carl Leeman, director at the International Federation of Risk and…

Global risk management under threat in new world order

Global risk management under threat in new world order

Global risk management under threat in new world order

Companies must learn to operate in a transition between the old, globalised world order of shared risk and solutions to a new, as yet undefined, environment where pooled resources might not be so readily available to mitigate threats, according to expert speakers at Airmic’s ERM Forum. They specifically warned that trade wars could reduce the world’s willingness to pool information…

Risk managers must react fast to avoid becoming business disablers in tech age

Risk managers must react fast to avoid becoming business disablers in tech age

Risk managers must react fast to avoid becoming business disablers in tech age

If risk managers do not reinvent their role and skills fast enough in the digital age, they risk becoming business disablers, delegates at Airmic’s ERM Forum were warned. Risk managers will simply have to learn tech language and terminology if they want to remain relevant, experts added at the event in London. A panel debate on challenges facing risk professionals…

Companies must overcome fear to mitigate media risk

Companies must overcome fear to mitigate media risk

Companies must overcome fear to mitigate media risk

Media risk, amplified by the “unregulated Wild West of social media”, can – and should – be mitigated, said experts from Perris & Myatt Consultancy at the recent Airmic ERM Forum. But first, companies need to overcome their fear and devise simple but effective crisis response plans, the media advisers added. “For every risk, there is an accompanying media hazard.…

South African risk manager makes top membership grade

South African risk manager makes top membership grade

South African risk manager makes top membership grade

South African Zanele Makhubo, CFIRM, director, enterprise risk management, Gauteng Department of Human Settlement, has been awarded the highest grade of membership by the Institute of Risk Management (IRM). She completed the senior executive route to take the award. Ms Makhubo is also chair of the IRM’s South African regional group. She said: “I was excited to be awarded the…

RIMS urges political action, days before NFIP expiry

RIMS urges political action, days before NFIP expiry

RIMS urges political action, days before NFIP expiry

US risk management society RIMS has signed a joint letter to US Congress, warning of the risks to businesses if the National Flood Insurance Program (NFIP) is allowed to lapse at the end of this month. The NFIP is due to expire on 30 November after several temporary extensions, the last one granted in November last year. RIMS said a…

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