AMRAE elects Wild as new president as Bouquot ends five-year tenure

AMRAE elects Wild as new president as Bouquot ends five-year tenure

AMRAE elects Wild as new president as Bouquot ends five-year tenure

Veolia’s Oliver Wild has been named as AMRAE’s new president, taking over the reins from Brigitte Bouquot after five years. Mr Wild, risk, insurance and internal control coordination director at Veolia, was first appointed to the AMRAE board as director in May 2016. Ms Bouquot, who is president of the Permanent Scientific Committee and administrator of Thales insurance companies, will…

Companies caught off guard by Covid-19 but crisis providing big opportunity for risk managers: Airmic

Companies caught off guard by Covid-19 but crisis providing big opportunity for risk managers: Airmic

Companies caught off guard by Covid-19 but crisis providing big opportunity for risk managers: Airmic

New research from Airmic shows that UK organisations were caught off guard by Covid-19 but suggests the crisis provides a real opportunity for risk managers to prove their worth. It also finds that insurers risk a flight to alternative risk transfer if they mishandle the pandemic. The Top Risks and Megatrends 2020 report is based on Airmic’s annual member survey that…

Airmic welcomes Lloyd’s’ pandemic insurance proposals to close protection gap for buyers

Airmic welcomes Lloyd’s’ pandemic insurance proposals to close protection gap for buyers

Airmic welcomes Lloyd’s’ pandemic insurance proposals to close protection gap for buyers

Airmic has welcomed Lloyd’s’ pandemic resilience proposals that include a government-backed non-damage business interruption (NDBI) solution to help companies mitigate losses from Covid-19 and future viruses. Airmic said buyers have worked with Lloyd’s to develop three initiatives put forward and welcomed the collaboration as “vital” during such a “far-reaching crisis”. The UK risk and insurance management association said businesses are…

Interest in captives and loss prevention jumps among European risk managers as market hardens

Interest in captives and loss prevention jumps among European risk managers as market hardens

Interest in captives and loss prevention jumps among European risk managers as market hardens

European risk managers are turning to captives and loss prevention as the insurance market hardens, finds Ferma’s 2020 survey. The federation’s 2020 Risk Management Survey reveals that 90% of insurance risk managers polled are concerned about limitations and exclusions of specific emerging risks as the insurance market hardens, and 88% are concerned about tougher conditions generally. Meanwhile, 68% are worried…

Cyber and economic uncertainty top Ferma survey risk list

Cyber and economic uncertainty top Ferma survey risk list

Cyber and economic uncertainty top Ferma survey risk list

European risk managers ranked cyber and uncertain economic growth as the biggest short-term threats facing their organisation in the 2020 Ferma survey, while digital transformation and climate change are the top medium- and long-term concerns. It also finds that insurance risk managers are turning to captives and loss prevention as the insurance market hardens. The poll of 764 risk managers…

Parima ramps up risk management webinars and training in July

Parima ramps up risk management webinars and training in July

Parima ramps up risk management webinars and training in July

The current global pandemic has meant that physical risk and insurance management conferences and training sessions have been postponed by all industry associations across the Asia-Pacific region and worldwide. Parima has, however, reacted swiftly by filling the educational and networking gap with a lively programme of webinars. The association held five webinars in April, six in May and a further…

GVNW calls on ministry to progress state-backed pandemic pool discussion

GVNW calls on ministry to progress state-backed pandemic pool discussion

GVNW calls on ministry to progress state-backed pandemic pool discussion

The German risk and insurance management association (GVNW) has pushed the Federal Ministry of Finance to move forwards with discussions with the GVNW and representatives of the German insurance industry, to develop a state-backed insurance scheme to provide business insurance cover for pandemic risks. The GVNW, led by president Alexander Mahnke, has written again to the ministry, urging it to…

Ferma survey reveals hard market is number one insurance buyer concern

Ferma survey reveals hard market is number one insurance buyer concern

Ferma survey reveals hard market is number one insurance buyer concern

Even before Covid-19 struck and made things worse for buyers, the hard commercial insurance market was already the biggest concern of insurance risk managers across Europe, according to Ferma’s 2020 Risk Management Survey. The pandemic has caused huge upheaval for risk and insurance managers on many levels. For those charged with buying insurance it looks set to harden the European…

RIMS urges risk managers to back PRIA pandemic insurance solution

RIMS urges risk managers to back PRIA pandemic insurance solution

RIMS urges risk managers to back PRIA pandemic insurance solution

RIMS, the North American risk management society, has announced its support for H.R. 7011 the Pandemic Risk Insurance Act 2020 (PRIA), which was introduced by Congresswoman Carolyn Maloney (D-NY) in May. The society has urged its members to individually write to their representatives to give their backing to the PRIA, which proposes to create a public-private insurance facility to provide cover…

Ferma calls on EU to create framework for pan-European NDBI pooling system

Ferma calls on EU to create framework for pan-European NDBI pooling system

Ferma calls on EU to create framework for pan-European NDBI pooling system

Ferma has called on the EU to create a resilience framework that would include member state insurance pools and coordination between national governments to address the severe shortage of non-damage business interruption insurance (NDBI) for a range of catastrophic risks. In a letter to the EC, Ferma sets out its vision for a multi-layered and graduated public-private partnership to ensure…

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