Buyer associations urge market to change behaviour as ‘long-term’ hardening sets in

Buyer associations urge market to change behaviour as ‘long-term’ hardening sets in

Buyer associations urge market to change behaviour as ‘long-term’ hardening sets in

GVNW and Airmic have warned that the hardening insurance market will be a long-term, seismic shift, after recent membership surveys revealed big changes in the price, scope and availability of cover. The surveys also showed widespread dissatisfaction in the way insurers and brokers are handling the changing conditions, with the associations keen to let the market know it could lose…

Airmic and GVNW watching insurers closely over claims

Airmic and GVNW watching insurers closely over claims

Airmic and GVNW watching insurers closely over claims

Airmic and GVNW have told CRE they will be a keeping a very close eye on insurers to make sure early signs of changing claims behaviour in the hardening market do not become a problem for members. As the two associations released membership surveys that suggest the hardening insurance market will be a long-term, seismic shift, and revealed widespread dissatisfaction…

French risk managers urged to help build new social contract as the world transforms

French risk managers urged to help build new social contract as the world transforms

French risk managers urged to help build new social contract as the world transforms

French risk and insurance managers must step up their efforts to explain the value they offer to the c-suite in simple terms, as the global economy enters a new phase of volatility that demands a much more cohesive and socially inclusive approach to business than the past, according to Brigitte Bouquot, president of French risk management association AMRAE. Ms Bouquot…

The risk manager’s role in saving the planet

The risk manager’s role in saving the planet

The risk manager’s role in saving the planet

The average European risk manager may be excused for thinking that the call from Brigitte Bouquot, president of French risk management association AMRAE, for risk managers to play their part in the creation of a new social contract between politicians, business leaders and society to help tackles the world’s big problems, is overstepping the line somewhat. But we are not…

French firms face dwindling supply chain insurance options as problems with NDBI spread to CBI

French firms face dwindling supply chain insurance options as problems with NDBI spread to CBI

French firms face dwindling supply chain insurance options as problems with NDBI spread to CBI

Transferring supply chain risks has become a much harder task for French firms as the insurance market hardening pushes underwriters to restrict coverages and increase prices. According to France’s risk management association AMRAE, contingent business interruption (CBI) coverages are now only available for better-managed risks linked to direct suppliers, while brokers say that non-physical damage business interruption (NDBI) extensions have…

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

The Pan-Asia Risk & Insurance Management Association (Parima) has created a webpage for its members to keep them abreast of the latest developments with the novel coronavirus and provide support and advice at this difficult time for all companies in the region. Parima chairman Franck Baron is also Singapore-based group deputy director, risk management and insurance at International SOS, the…

French risk managers reassured over post-Brexit contract certainty

French risk managers reassured over post-Brexit contract certainty

French risk managers reassured over post-Brexit contract certainty

French risk managers have been reassured by their association AMRAE and market experts that there is no need to panic about the validity of coverage placed with UK-based insurers post-Brexit, but have been advised to double-check sooner rather than later. National insurance supervisors across Europe and the European Insurance and Occupational Pensions Authority (EIOPA) have worked hard during the last…

AMRAE members warned of risks and opportunities in China-Africa trade

AMRAE members warned of risks and opportunities in China-Africa trade

AMRAE members warned of risks and opportunities in China-Africa trade

Risk managers at the annual AMRAE conference in Deauville were this week warned about the pitfalls of ever closer links between China and Africa. The risks of doing business with China for African companies – many of which are backed by French firms keen to expand into Francophone Africa – were spelt out at a key conference session. French risk…

AMRAE calls for firms to adopt guide on cyber risk management collaboration

AMRAE calls for firms to adopt guide on cyber risk management collaboration

AMRAE calls for firms to adopt guide on cyber risk management collaboration

AMRAE is encouraging members to adopt a cyber risk management guide, produced in association with France’s national cybersecurity agency ANSSI, that is thought to be the first framework to bring together cyber risk management and cybersecurity. AMRAE promoted the Controlling the Digital Risk guide during a workshop at its annual conference this week. The guide – essentially a roadmap for managing…

French companies urged to look at alternative risk transfer

French companies urged to look at alternative risk transfer

French companies urged to look at alternative risk transfer

French risk managers have been urged to look at alternative risk transfer solutions as their companies’ exposure to natural catastrophes will continue to rise while traditional insurance capacity shrinks. But workshop participants on the second day of the 28th AMRAE conference, also stressed that companies need to have more access to risk data from underwriters in order to better assess their…

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