Risk managers urged to get involved in ESG risk

Risk managers urged to get involved in ESG risk

Risk managers urged to get involved in ESG risk

Risk and insurance managers have been urged to get out of their comfort zones and become more involved in tackling environmental, social and governance (ESG) risks, as research by Ferma earlier this year shows just a third currently play a role. Bart Smets, head of insurance and risk at global materials technology and recycling group Umicore, pointed to a survey…

Covid-19 second wave: cancel Christmas or save the economy?

Covid-19 second wave: cancel Christmas or save the economy?

Covid-19 second wave: cancel Christmas or save the economy?

With South Africa in the throes of Covid-19’s second wave and the potential of another lockdown, the Institute of Risk Management of South Africa (IRMSA) wants to support effective risk assessment and proactive decision-making by the government and private sector. Christopher Palm, chief risk adviser at IRMSA, said the question of whether to cancel Christmas or save the economy isn’t…

Malan and Ritz win European Risk Manager of the Year awards

Malan and Ritz win European Risk Manager of the Year awards

Malan and Ritz win European Risk Manager of the Year awards

François Malan, chief risk and compliance officer at Eiffage, and Lene Ritz, chief risk officer (CRO) and team lead at Energinet, have been named private and public sector risk manager of the year at the European Risk Management Awards 2020. Mr Malan won Private Sector Risk Manager of the Year at the fourth European Risk Management Awards hosted by Ferma…

RIMS launches in India

RIMS launches in India

RIMS launches in India

RIMS has confirmed the creation of its 80th chapter, in India, which adds to the US risk management association’s growing list of chapters in Asia and the Pacific region in particular. The Indian chapter was originally announced at the RIMS Risk Forum India 2020 on 4-5 December, a two-day virtual conference. RIMS now has four chapters in the Asia-Pacific region,…

Covid-19 to elevate risk management but insurance found lacking, finds Ferma survey

Covid-19 to elevate risk management but insurance found lacking, finds Ferma survey

Covid-19 to elevate risk management but insurance found lacking, finds Ferma survey

The pandemic should elevate the role of risk management but has highlighted failings in risk financing and insurance cover, according to a new survey by Ferma. According to the survey of more than 300 risk managers in 21 European countries, the majority of respondents expect risk management to play a bigger role post-Covid-19. Three quarters of risk managers believe demand…

Join us to celebrate European Risk Management Awards Week on 7-11 December

The annual European Risk Management Awards, taking place in partnership with Ferma and Commercial Risk Europe, have recognised best practice, innovation and excellence among European risk and insurance managers, as well as their industry partners, since 2016. We are indebted to the 22 European risk management associations that promote these awards to their members, and also give huge thanks to…

Risk managers must improve cooperation with HR to deliver more efficient employee benefits

Risk managers must improve cooperation with HR to deliver more efficient employee benefits

Risk managers must improve cooperation with HR to deliver more efficient employee benefits

Risk managers can help deliver more efficient global employee benefits (EB) but must overcome potential clashes with human resource professionals (HR) with clear communication, strong cooperation, clearly defined roles and buy-in from the top, according to speakers at our latest conference. Risk and insurance managers are becoming increasingly involved in delivering more cost-effective and efficient group-wide EB programmes by bringing…

Need for greater resilience is key theme for Asia-Pacific risk managers

Need for greater resilience is key theme for Asia-Pacific risk managers

Need for greater resilience is key theme for Asia-Pacific risk managers

The Pan Asia Risk & Insurance Management Association (Parima) attracted a record number of delegates to its Resilience Week, which was its first major virtual event and replaced its normal annual conference because of the ongoing pandemic. The association hosted an impressive lineup of risk and insurance industry leaders, including Evan Greenberg of Chubb, Greg Case of Aon, Thomas Buberl…

Risk managers should not fund insurers’ inefficiencies, warns Baron

Risk managers should not fund insurers’ inefficiencies, warns Baron

Risk managers should not fund insurers’ inefficiencies, warns Baron

Franck Baron, chairman of Parima, used his closing remarks at the association’s Resilience Week to warn insurers that they cannot expect customers to bolster their profits by accepting higher prices if they are not willing or able to tackle their own bloated cost bases and inefficient systems. Mr Baron accepts that Parima members enjoyed the long soft market along with…

Parima members warned to dig in for long hard market

Parima members warned to dig in for long hard market

Parima members warned to dig in for long hard market

Risk and insurance managers in the Asia-Pacific region and worldwide need to steel themselves for a prolonged hard market, take a good look at their self-retention strategies and prepare colleagues and bosses for higher insurance costs and tighter capacity during the next two annual renewals at least, according to top insurer CEOs and brokers who took part in Parima’s Resilience…

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