When Daniel San Millán took over as president of Spanish risk management association Igrea for a second time in May, he was probably entitled to a sense of déjà vu. The association still needs to tackle some of the same challenges that risk managers have been dealing with since its creation back in 2009. Issues such as claims handling and…
CRE spoke to James Tuplin, head of international cyber at AXA XL, about some of the trends in cyber risk and insurance management to find out the current state of play. He discussed areas in which risk and insurance managers are improving, as well as where and how they can up their game. Ben Norris: What is the state of…
Earlier this year, Zurich Insurance announced that it had entered a strategic agreement with riskmethods GmbH, a Munich-based company that uses artificial intelligence and big data to identify and manage supply chain risk worldwide. This provides Zurich’s commercial customers with an exciting new tool to help manage a complex and rapidly rising corporate risk. The new service has initially been…
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…