Insurers lobby for European-wide drone legislation to better deliver for clients

Insurers lobby for European-wide drone legislation to better deliver for clients

Insurers lobby for European-wide drone legislation to better deliver for clients

The EU should close gaps between member states’ drone regulations that currently restrict insurers’ ability to deliver risk-transfer solutions, said the industry’s federation Insurance Europe. In response to the EC’s consultation on technical standards for drones, Insurance Europe calls for a common framework to license, certificate, authorise and classify drone use at EU level. The European federation said insurers’ interest…

UK publishes new Corporate Governance Code

UK publishes new Corporate Governance Code

UK publishes new Corporate Governance Code

The UK has published a new Corporate Governance Code with changes focused on ensuring boards develop the right culture, listen to their workforce, are more diverse and companies get a grip on executive pay. The specific section on risk remains largely unchanged. The 2018 Corporate Governance Code is “shorter” and “sharper” than previous versions with fewer provisions, said the UK’s…

UK insurance industry gender pay gap double national average, shows CII data

UK insurance industry gender pay gap double national average, shows CII data

UK insurance industry gender pay gap double national average, shows CII data

The UK insurance industry has a gender pay gap of 24%, which is double the average across all sectors, according to analysis of almost 200 insurers, intermediaries and service providers by the Chartered Insurance Institute (CII). UK companies with more than 250 employees were required to publish gender pay gap data in April this year. The national average median gender…

Risk of political uncertainty fuelling fall in M&A deals across Africa

Risk of political uncertainty fuelling fall in M&A deals across Africa

Risk of political uncertainty fuelling fall in M&A deals across Africa

Political uncertainty could be behind the total deal volumes and values of merger and acquisition (M&A) transactions in Africa falling sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate value, compared to the first half of 2017. According to analysis of Thomson Reuters M&A data for Africa, undertaken by Baker McKenzie, there were 485…

Where does the responsibility of the chief risk officer end?

Where does the responsibility of the chief risk officer end?

Where does the responsibility of the chief risk officer end?

Risk managers in large and developed institutions (LDIs) can still fail in their duties, despite having all the right procedures in place, warns Totyelwa Dodo Nonco, manager of risk management at South Africa’s Office of the Accountant-General. She said, in an insight with the Institute of Risk Management South Africa, that smaller enterprises are almost always on the wrong side of…

Russian cyber threats on energy, marine and aviation sectors

Russian cyber threats on energy, marine and aviation sectors

Russian cyber threats on energy, marine and aviation sectors

On 15 March 2018, the US Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) released a joint technical alert on Russian government cyber activity targeting organisations in the energy, marine, aviation and other manufacturing sectors. This DHS and FBI technical alert seeks to educate network defenders and enhance their ability to identify and reduce exposure to…

Blurring of lines between ERM and audit a concern: MetricStream

Blurring of lines between ERM and audit a concern: MetricStream

Blurring of lines between ERM and audit a concern: MetricStream

A survey of auditors by MetricStream has found that 25% are maintaining their organisations’ enterprise risk management (ERM) programme, bringing into question their ability to independently verify the process. The survey of auditors at 600 firms across the world found that 50% of those surveyed have a dedicated ERM programme and staff. A further 25% said their firm’s ERM programme…

Don’t miss out – sign up for Risk Frontiers Southern Africa

Don’t miss out – sign up for Risk Frontiers Southern Africa

Don’t miss out – sign up for Risk Frontiers Southern Africa

We would like to invite you to attend Commercial Risk Africa’s fourth Risk Frontiers Southern Africa – Roadmap to Success conference, taking place at the Avani Gaborone Hotel and Casino, in Gaborone, Botswana, on Thursday 26 July from 8am to 2pm. Developing skills and nurturing talent remains one of the great challenges for business across Africa, including within the risk…

New bid to reduce supply chain risk across Africa

New bid to reduce supply chain risk across Africa

New bid to reduce supply chain risk across Africa

Various multinational organisations have launched an Africa Infrastructure Fellowship Programme (AIFP), to help African governments strengthen procurement capabilities. The aim, as announced by Jean-Baptiste Lemoyne, Minister of State attached to France’s Minister for Europe and Foreign Affairs, together with the World Economic Forum (WEF), the Global Infrastructure Hub and the private investment firm Meridiam, is to help African governments by…

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