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…

Governments need risk managers and should give tax breaks for self-insurance: Baron

Governments need risk managers and should give tax breaks for self-insurance: Baron

Governments need risk managers and should give tax breaks for self-insurance: Baron

The Covid-19 pandemic has underlined how governments around the Asia-Pacific region and worldwide need to adopt proper, long-term risk management strategies, according to Franck Baron, chairman of Parima. During his closing remarks at the association’s Resilience Week virtual annual conference, Mr Baron also said governments need to help companies tackle such catastrophic risks by giving fiscal advantages for those prepared…

Mahnke urges government to step up efforts on credit and pandemic schemes

Mahnke urges government to step up efforts on credit and pandemic schemes

Mahnke urges government to step up efforts on credit and pandemic schemes

The German risk and insurance management association GVNW has repeated its recent call for federal government and the German insurance association (GDV) to step up efforts to extend the state-backed credit insurance scheme, which was created to protect supply chains during the Covid-19 crisis, beyond the end of this year. During his annual speech to the association’s general assembly this…

Captives a key tool in hard market but need serious investment

Captives a key tool in hard market but need serious investment

Captives a key tool in hard market but need serious investment

Captives are currently a good option for European risk managers as they grapple to contain costs and maximise coverage during the rapidly hardening corporate insurance market. They offer the opportunity to more effectively identify, measure, manage and prevent risks, and provide critical leverage when negotiating terms and conditions with the insurance and reinsurance markets. But a panel of experts gathered…

Risk management lessons must be learnt from Covid-19 crisis

Risk management lessons must be learnt from Covid-19 crisis

Risk management lessons must be learnt from Covid-19 crisis

The Covid-19 pandemic has raised the profile of risk management and risk managers, but also shown that important lessons must be learnt if the profession wants to make the most of its chance to shine. Risk managers have told Commercial Risk Europe that the pandemic has, above all, shown the need for companies to boost resilience and embrace strategic, enterprise…

Risk managers fare well in pandemic but fell short on risk identification

Risk managers fare well in pandemic but fell short on risk identification

Risk managers fare well in pandemic but fell short on risk identification

Risk managers have generally fared well in the pandemic and boosted their reputation but many were found wanting when it came to identifying the risk in the first place, according to Airmic board members. Airmic’s new chair Tracey Skinner said that with hindsight, risk managers could have done a better job of identifying pandemics as a threat before Covid-19 hit.…

Buyers disappointed with insurers’ ‘profit-driven’ Covid-19 response: Ludlow

Buyers disappointed with insurers’ ‘profit-driven’ Covid-19 response: Ludlow

Buyers disappointed with insurers’ ‘profit-driven’ Covid-19 response: Ludlow

Covid-19 presents an “unprecedented opportunity” for risk managers, who feel let down by the insurance industry’s “profit-driven” response to Covid-19, according to John Ludlow, chief executive of Airmic. Opening the UK risk management association’s three-day virtual annual conference, Mr Ludlow railed against the insurance industry’s response to the coronavirus outbreak, which has accelerated market hardening. However, the Airmic CEO also…

Firms must tread carefully in shift to pandemic recovery phase, warns Graham

Firms must tread carefully in shift to pandemic recovery phase, warns Graham

Firms must tread carefully in shift to pandemic recovery phase, warns Graham

Airmic and Control Risks today launched a new report that highlights the lessons organisations have learned from the Covid-19 crisis and charts the future of crisis management. It warns against knee-jerk reactions and early shifts into the recovery phase without proper planning. Julia Graham, deputy CEO and technical director of Airmic, said organisations need to be aware of the fact…

A state of dynamic flux

A state of dynamic flux

A state of dynamic flux

Ahead of its virtual annual conference later this month, we spoke to Airmic CEO John Ludlow about the pressing issues of the day, with the Covid-19 crisis unsurprisingly top of the list. We also discussed Brexit, renewals, protection gaps, the need for state-backed risk transfer solutions and how Airmic has fared this year. There was also time to look forward…

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