Ferma has rolled out its continuous professional development (CPD) programme to help those qualified maintain their rimap certification, and announced that AMRAE’s training programmes, as well as those provided by US education provider The Institutes, have been granted equivalence to rimap. Ferma said the CPD programme offers more than 100 days per year of courses, conferences and other activities across…
The risk and insurance industry urgently needs better data and models to deal with ocean risk, Chip Cunliffe, director of sustainable development at XL Catlin, told CRE following his company’s inaugural Ocean Risk Summit. The event discussed and showcased new solutions to tackle a range of ocean risks from blue carbon resilience credits to the Ocean Risk Index and first…
Experts from the University of Cambridge advise corporates to use hackonomics to assess whether they are likely targets for cybercriminals and ensure their own security is at least on par, or preferably better, than protection in place at competitors. Laying out the cyber risk landscape for 2018, the experts said supply chain attacks are the most worrying trend facing companies,…
Risk software firm Ventiv has launched a new module that allows risk managers and insurers to check their compliance with data privacy laws, including the General Data Protection Regulation (GDPR), while utilising data analytics. The introduction of EU rules under GDPR at the end of May has changed the landscape for organisations that keep personal data on customers or clients,…
The impact of tax reform in the US is a mixed bag for captive insurance companies, although only in some cases, according to AM Best. On the one hand, it is a positive for offshore captives that have made the Section 953(d) election under the US Internal Revenue Code, which allows them to be taxed as a US corporation. However,…
Only 13% of company executives across the world are confident that their firm has acted on lessons learnt from cyber breaches, according to a new survey by The Economist Intelligence Unit (EIU) and Willis Towers Watson. The survey also finds that European respondents believe a dedicated team should oversee cyber risk management, while those in other parts of the world…
Ferma has called on the EC’s new expert group looking into the role of artificial intelligence (AI) to consider the future insurability of commercial organisations if underwriting is left to AI technology and, more broadly, to define ethics surrounding its use in the corporate world. Late last week, the EC appointed 52 experts to its new High Level Group on…
Captive organisations are under pressure to keep up with current risks and increasing regulation, according to captive managers speaking to AM BestTV at the Bermuda Captive Conference. Attendees said that finding professionals able to work in different environments and manage the mounting layers of regulation was also a challenge. “I think there are a number of factors that combine to…
Head of car manufacturer Audi, part of the Volkswagen group, has been arrested in Germany as part of investigations into diesel emissions testing. Rupert Stadler, chief executive of Audi, is the highest-ranking VW executive to be held for questioning in Europe since it was first revealed that the car manufacturer cheated diesel emissions checks in test vehicles three years ago.…
With the threat of terrorism and hooliganism at the 2018 FIFA World Cup well mitigated by Russian authorities, organisations are advised to focus attention on more prosaic risks facing staff attending the event, such as road safety, crime, gaps in healthcare provision and visa requirements. Experts from Control Risks and International SOS told Commercial Risk Europe that organisations should know…