Coronavirus provides ‘critical test’ of southeast Asia’s ability to reduce dependency on China

Coronavirus provides ‘critical test’ of southeast Asia’s ability to reduce dependency on China

Coronavirus provides ‘critical test’ of southeast Asia’s ability to reduce dependency on China

The coronavirus outbreak provides a critical test of the southeast Asia region’s ability to diversify global supply chains and reduce its dependency on China, according to Sofia Nazayla, analyst at Maplecroft, a UK-based global risk and strategic consulting firm. This ‘black swan’ event has already had a global economic impact that will inevitably intensify. But leading southeast Asian economies such…

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

The Pan-Asia Risk & Insurance Management Association (Parima) has created a webpage for its members to keep them abreast of the latest developments with the novel coronavirus and provide support and advice at this difficult time for all companies in the region. Parima chairman Franck Baron is also Singapore-based group deputy director, risk management and insurance at International SOS, the…

Mid-market French firms struggling to keep pace with rising risk

Mid-market French firms struggling to keep pace with rising risk

Mid-market French firms struggling to keep pace with rising risk

Mid-sized French companies increasingly see the value in risk management as threats grow but often lack the ability to respond, according to a survey by insurer QBE. The risk management survey, now in its third year, polled 300 executives at French small and mid-sized companies with 50 to 5,000 employees. It found that risks faced by French mid-market companies were…

Bouquot calls on firms to adopt combat risk management

Bouquot calls on firms to adopt combat risk management

Bouquot calls on firms to adopt combat risk management

The head of France’s risk management association Brigitte Bouquot urged companies to approach risk management as if they were in a battlefield, to combat a business environment that is more unstable than ever, as she announced she will step down this year. “Facing increasingly powerful risks, you will have to deploy combat risk management,” said Ms Bouquot, president of AMRAE,…

AMRAE’s Club FrancoRisk to launch Rimap certification for risk managers in Francophone Africa

AMRAE’s Club FrancoRisk to launch Rimap certification for risk managers in Francophone Africa

AMRAE’s Club FrancoRisk to launch Rimap certification for risk managers in Francophone Africa

Club FrancoRisk, the group launched by French risk management association AMRAE to promote risk management across the 15 French-speaking African nations, is launching a training programme to give African risk managers the opportunity to gain international accreditation through Rimap, Ferma’s certification scheme launched in 2015. The announcement came on the opening day of the AMRAE conference in Deauville, Normandy, at…

Asian risk managers under less pressure on cyber, D&O and climate change than international peers

Asian risk managers under less pressure on cyber, D&O and climate change than international peers

Asian risk managers under less pressure on cyber, D&O and climate change than international peers

Cyber coverage is being extended across Asia-Pacific and big investment is being made in raising awareness of the risk by authorities across the region, but risk and insurance managers still seem unwilling to recognise the need for the cover, according to Franck Baron, chairman of the Pan-Asia Risk Management and Insurance Association (Parima) and group general manager – risk management…

RIMS survey finds average 2% fall in North American risk salaries

RIMS survey finds average 2% fall in North American risk salaries

RIMS survey finds average 2% fall in North American risk salaries

US risk managers saw their average salary fall by 1.7% during the past two years to $118,000, with their Canadian counterparts’ pay down 4% to $101,000, according to the biennial RIMS compensation survey. More senior positions, however, recorded an increase. In analysis of 1,000 risk professional positions across all industries and locations, RIMS said chief risk officer salaries recorded a…

Employers missing a trick by not selling employee benefits to new staff

Employers missing a trick by not selling employee benefits to new staff

Employers missing a trick by not selling employee benefits to new staff

Only 22% of UK employers communicate their employee benefits offering before day one of employment and only 18% before recruitment, according to the latest research from GRiD, an industry body supported by insurers, reinsurers and brokers and designed to promote group risk and provide a collective voice to government, policymakers and stakeholders. GRiD, currently under the chairmanship of Steve Bridger,…

Indian risk managers face tricky year but underlying political stability a plus: IRM

Indian risk managers face tricky year but underlying political stability a plus: IRM

Indian risk managers face tricky year but underlying political stability a plus: IRM

Risk managers in India face many challenges in 2020, such as a slowing economy, rising cyber threat and extreme weather. But the majority gained by the Modi government last year should at least deliver a level of political stability and economic policy consistency not seen in recent times. This should help Indian businesses weather the storm and ensure that the…

Five-year view sees risks materialise for South African companies

Five-year view sees risks materialise for South African companies

Five-year view sees risks materialise for South African companies

The Institute of Risk Management South Africa (IRMSA) has warned that looking back over the past five years, many risks have materialised. IRMSA is about to launch its South Africa Risk Report 2020 – the sixth edition – but said it was disappointing because first, South African and industry risk profiles have remained largely the same; and second, most of…

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