Technology will help shift risk management emphasis onto prevention rather than transfer, Fujitsu’s chief technology officer for the Europe, Middle East, India and Africa (EMEIA) region told CRE ahead of the launch of the Fujitsu Tech Hub at the Airmic conference in Harrogate. During the event, the Tech Hub will showcase a range of technologies with risk and insurance applications,…
We spoke to Claire McDonald, country manager for the UK and Ireland at Risk Frontiers Europe sponsor HDI Global, about the big issues facing risk managers, including Brexit, claims and other key topics. Uncertainty, mostly as a result of Brexit, continues to impact the insurance market and its customers, not least as businesses grapple with potential implications for their multinational…
The arrival of big data theoretically offers the risk and insurance management community an unprecedented opportunity to significantly improve the way risks are identified, measured, modelled, priced and, ultimately, transferred. In a world of ever-tighter deadlines, swifter change and scarce resources, risk and insurance managers need to ensure they are taking advantage of the brave new world of analytics. Commercial…
Airmic is expanding its support for members as the fast-changing risk landscape makes new demands on risk management and insurance, according to John Ludlow, the association’s chief executive. The future risk environment will require greater levels of collaboration within organisations, and between buyers, insurers and brokers, he stressed. Speaking to CRE ahead of Airmic’s annual conference in Harrogate, Mr Ludlow…
The use of drones for commercial purposes is growing at a rapid rate, with the technology able to carry out a seemingly endless list of tasks. Natural resource companies use whole fleets to manage their mines, construction firms have them on site and the maritime industry uses them for surveys, to name a few examples. Last month, Project Wing, an…
The US-based international risk management association RIMS is continuing its international expansion drive on the back of its successful RIMS-CRMP certification, which it hopes will become firmly entrenched as the global risk and insurance management standard…
CRE speak to RIMS president Gloria Brosius about her background, the role of the society and its impressive growth, the state of the profession, and big challenges and opportunities facing the profession now and in the years ahead, not least the rise of insurtech…
The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…
Whenever we carry out discussions with risk managers as part of our annual European Risk Frontiers survey, the inevitable first question is often: so, what are the big risks that keep you and your bosses awake at night? Having tackled that big question, the next natural question is: so, what is the most effective way to identify, measure and manage…
Ransomware has become big international business and a major headache for companies of all shapes and sizes. Risk and insurance managers are increasingly working with colleagues from IT, legal, HR and other areas to try and work out how to prevent the attacks, deal with them and transfer the risk. To investigate the best approach to this rising risk, JLT…