Ferma and ECIROA flesh out proposals to boost proportionality for captives under SII

Ferma and ECIROA flesh out proposals to boost proportionality for captives under SII

Ferma and ECIROA flesh out proposals to boost proportionality for captives under SII

The European Insurance and Occupational Pensions Authority (EIOPA) must use this year’s Solvency II review to recognise that national supervisors have so far failed to apply the principle of proportionality (PoP) to captives and force the issue by issuing clear guidelines, according to risk management federation Ferma and ECIROA, the captive owners body. Ferma’s approach provides a framework for national…

Nigerian risk manager gains digital risk qualification

Nigerian risk manager gains digital risk qualification

Nigerian risk manager gains digital risk qualification

Nigerian risk manager Edmund Otaigbe has been named among the first cohort to pass the Institute of Risk Management’s (IRM) Digital Risk Certificate. This specialist certificate, awarded by the IRM and developed with support from the WMG Cyber Security Centre at the University of Warwick and the University’s Department of Politics and International Studies, has been designed to equip individuals…

AMRAE president criticises insurers for ‘arbitrarily’ reducing capacity as shortfalls emerge

AMRAE president criticises insurers for ‘arbitrarily’ reducing capacity as shortfalls emerge

AMRAE president criticises insurers for ‘arbitrarily’ reducing capacity as shortfalls emerge

The president of French risk management association AMRAE, Brigitte Bouquot, has criticised insurers for “arbitrarily” reducing capacity for clients at recent renewals and warned that buyers now face situations where certain risks cannot be covered. Ms Bouquot is concerned by moves from insurers to reduce capacity without taking into account factors like the quality of risk management, or factoring in…

African risk expert among first to gain IRM’s Digital Risk Certificate

African risk expert among first to gain IRM’s Digital Risk Certificate

African risk expert among first to gain IRM’s Digital Risk Certificate

The first cohort of students to pass the Institute of Risk Management’s (IRM) Digital Risk Certificate have just received their results, including the first African audit manager. This new specialist certificate, awarded by the IRM and developed with support from the WMG Cyber Security Centre at the University of Warwick and the university’s Department of Politics and International Studies, has…

Airbnb’s Laura Langone takes charge at RIMS for 2020

Airbnb’s Laura Langone takes charge at RIMS for 2020

Airbnb’s Laura Langone takes charge at RIMS for 2020

US-based risk management association RIMS has announced that Laura Langone will lead the society as president for the 2020 term, effective 1 January. Ms Langone is head of insurance operations at Airbnb, based in San Francisco. She has been a member of RIMS for 22 years and joined its board of directors in 2016. Ms Langone held many board positions…

Risk associations welcome Brexit clarity from UK election but stress uncertainty remains

Risk associations welcome Brexit clarity from UK election but stress uncertainty remains

Risk associations welcome Brexit clarity from UK election but stress uncertainty remains

Ferma and Airmic say the UK election result has reduced the level of uncertainty around Brexit for business, but add that companies and their risk managers will still likely have to operate in a prolonged period during which the final outcome remains unclear. The UK risk management association therefore said Brexit uncertainty is the “new normal” and advises companies to…

GDPR now ‘business as normal’ for risk managers

GDPR now ‘business as normal’ for risk managers

GDPR now ‘business as normal’ for risk managers

Almost 18 months after implementation, the EU’s new data protection rules are being viewed as a risk just like any other, according to a report and webinar from Ferma. The implementation of the General Data Protection Regulation (GDPR) in May 2018 caused much concern and uncertainty for companies processing personal data of EU citizens. The rules, which introduced tough data…

People risk must be more integrated: Airmic

People risk must be more integrated: Airmic

People risk must be more integrated: Airmic

Risk managers must work with HR and benefits professionals to address the growing threat of people risk within organisations, according to risk management body Airmic. In a new guide to managing people risk, published with Arthur D Little, Willis Towers Watson and Zurich, Airmic says people-related risks for organisations have created “unprecedented volatility”. It says new and integrated approaches are…

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Security threats, civil unrest and geopolitical unrest are the three top risks that may persuade business travel managers to change their itineraries in 2020, according to the Business Resilience Trends Watch Survey carried out by medical and travel services company International SOS. The survey, based on responses from more than 1,300 business travel decision-makers, is carried out in partnership with…

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Large-scale cyberattacks remain the top risk for corporations across India, according to a joint study conducted by Marsh, the world’s leading insurance broker and risk adviser, and RIMS, the North America-based international risk management society. The resulting report, Excellence in Risk Management – State of Risk Management in India in 2019, was published by RIMS and Marsh at the RIMS Risk…

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