Brexit and ‘low-for-long’ interest rates trouble Europe’s financial services and supervisors

Brexit and ‘low-for-long’ interest rates trouble Europe’s financial services and supervisors

Brexit and ‘low-for-long’ interest rates trouble Europe’s financial services and supervisors

Financial services firms are at risk of “Brexit fatigue” but must be prepared for the UK to leave the European Union without a deal on 31 October and have activate contingency plans in place before then, warns a new report on current risks in the EU financial system by the Joint Committee of European Supervisory Authorities. It also warns of…

French firm liable for employee’s death after sex on business trip

French firm liable for employee’s death after sex on business trip

French firm liable for employee’s death after sex on business trip

A French railway services firm has been held liable for the death of an employee in unusual circumstances while on a business trip. The case went to court after it emerged the employee had a cardiac arrest on a work trip to central France after engaging in sexual activity with a stranger at her home. The Paris court ruled the…

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Demand for multinational insurance programmes continues to rise despite mounting anti-globalisation sentiment and protectionism, with captives, mid-sized companies and firms from emerging markets driving growth. Some companies in mature markets have scaled back programmes as they reduce their global footprint, but are generally looking at covering a wider range of risks in international programmes. According to brokers and insurers, demand…

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

Claims, global programmes and hard market top agenda as San Millán returns as Igrea president

When Daniel San Millán took over as president of Spanish risk management association Igrea for a second time in May, he was probably entitled to a sense of déjà vu. The association still needs to tackle some of the same challenges that risk managers have been dealing with since its creation back in 2009. Issues such as claims handling and…

Cyber risk management improving in Europe

Cyber risk management improving in Europe

Cyber risk management improving in Europe

CRE spoke to James Tuplin, head of international cyber at AXA XL, about some of the trends in cyber risk and insurance management to find out the current state of play. He discussed areas in which risk and insurance managers are improving, as well as where and how they can up their game. Ben Norris: What is the state of…

Artificial intelligence offers big improvement in supply chain risk management

Artificial intelligence offers big improvement in supply chain risk management

Artificial intelligence offers big improvement in supply chain risk management

Earlier this year, Zurich Insurance announced that it had entered a strategic agreement with riskmethods GmbH, a Munich-based company that uses artificial intelligence and big data to identify and manage supply chain risk worldwide. This provides Zurich’s commercial customers with an exciting new tool to help manage a complex and rapidly rising corporate risk. The new service has initially been…

Risk managers must keep close eye on Xinjiang forced labour supply chain risk

Risk managers must keep close eye on Xinjiang forced labour supply chain risk

Risk managers must keep close eye on Xinjiang forced labour supply chain risk

Supply chain risks are on the rise for international brands sourced from China, because of the reported expanding use of forced labour in Uyghur detention camps in the Xinjiang Uyghur Autonomous Region on the country’s northwest border. There have been repeated reports that the Chinese administration has detained more than a million muslim Uyghurs and other ethnic minorities in camps…

APAC nations show increasing resilience as global picture worsens: Swiss Re

APAC nations show increasing resilience as global picture worsens: Swiss Re

APAC nations show increasing resilience as global picture worsens: Swiss Re

The world economy is less resilient than it was at the time of the credit crisis and the protection gap has reached a global record high of $1.2trn, according to the latest research from Swiss Re. But there is relatively good news for the Asia-Pacific region. The Swiss reinsurance giant concludes that, in relative terms, the composite insurance resilience index…

Parima teams up with WTW to focus on business risk profile

Parima teams up with WTW to focus on business risk profile

Parima teams up with WTW to focus on business risk profile

Parima will hold its latest Risk Lab seminar with Willis Towers Watson (WTW) on 16 September, at the broker’s offices in Singapore. The latest seminar is designed to help risk managers assess and “future-proof” their company’s business risk profile. The half-day event will be opened by Rob De Jonge, head of international, risk and analytics at WTW. He will be followed…

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

A new whitepaper from RIMS says risk managers and IT professionals still struggle to communicate on digital risks. It lays out ways for the two functions to better collaborate and speak the same language to close the protection gap. The Bridging the Digital Risk Gap paper by RIMS and ISACA, an international association focused on IT governance, says risk management and…

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