Supply chain risk has shot up the corporate agenda in recent years as the dual trends of globalisation and relentless pressure on cost control have posed a serious threat to the ability of apparently sophisticated, and well-managed, multinational corporations to deliver their basic product and service, on time and to the quality required. Recent events such as the Thai floods…
Outgoing Ferma president Jo Willaert believes the risk management community needs to rapidly professionalise and shed its association with insurance if it is to become the board’s go-to adviser on risk. In the four years since Mr Willaert became president of Ferma, digitalisation and advances in technology have helped change the risk landscape at an accelerated pace. This has had…
Michael Rüsch, recently appointed country manager for HDI Global in Switzerland, spoke to Commercial Risk Europe about the challenges facing risk managers in today’s rapidly changing environment. As the weather across Europe turns autumnal, it is hard to remember back to a summer of record heat. But for insurers and risk managers alike, the hot summer (yet again) was a…
The European risk and insurance management community will gather in Berlin for the Ferma Forum in November, as forecasts of a global recession continue to rise – largely driven by rising debt levels, escalating trade conflicts, and uncertainty. Combined with the rather more direct challenge of a hardening commercial and corporate insurance market in many classes, and an increasingly challenging…
Italians taking part in our Risk Frontiers Europe survey strongly believe they should maintain control of buying insurance for their organisation, and noted that their role goes far beyond buying cover at the best price. They agreed that a broad understanding of risk is vital to making the right choices for any insurance programme and is something that procurement, for…
As a country that suffers drought, flood and earthquake, Italians are well used to the challenges posed by natural catastrophes. So, it comes as no surprise that a group of risk managers meeting in Milan for our Risk Frontiers Europe survey said they have had resilience on their agenda for many years. Several major Italian corporations are listed on the…
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,…