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…
Beth Bradley, Benjamin Bryant and Ioanna Tsekoura, of Clyde & Co, consider the challenges facing compliance and challenges to enforcement as the new Sulphur Cap looms With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and…
There is a distinct whiff of uncertainty and volatility in the air as 2019 gets underway and the big European insurance and reinsurance renewal has completed. As Europe’s risk managers returned to their desks after a short but hopefully relaxing Christmas and New Year break, they will have no doubt looked at their in-trays in a state of mild panic.…
The automotive industry was the most disrupted sector in 2017, as the number of disruption events leapt by 30% from just over 1,300 in 2016 to nearly 1,700, according to recent analysis carried out by JLT and Resilinc, the supply chain analytics and resiliency company. The core problem is that the global automotive sector is dependent upon a highly complex…
With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the regulation will have on the international maritime industry and on individual shipping companies. This three-part series…
On Monday 21 January 2019, French regulator the National Data Protection Commission (CNIL) imposed a fine of €50m against Google LLC, in accordance with the General Data Protection Regulation (GDPR). This sets a higher bar for compliance, which ought to be observed by others and provides some guidance as to what can be expected from future enforcement actions. The fine…