Welcome to the first issue of Commercial Risk Europe – UK, the first of our monthly national newsletters dedicated to the information needs of our risk and insurance management readership across Europe and worldwide. Commercial Risk Europe was launched back in 2010 to provide the whole European risk and insurance management community with a dedicated central information source, to help…
Airmic, along with the other leading risk management associations in Europe, has responded well to the numerous challenges presented by Covid-19 and the parallel hardening in the commercial and corporate insurance market. It has adapted rapidly to the new virtual working environment and backed its members up with critical support and information at this time of crisis. UK risk and…
Commercial Risk Europe – UK editor Nicholas Pratt speaks to Carolyn Williams, director of corporate relations at the Institute of Risk Management (IRM), about the hopes and fears for UK risk managers and their companies in the year ahead. Nicholas Pratt (NP): What are the biggest risks facing UK companies right now? Carolyn Williams (CW): The picture is not uniform,…
The rapidly rising interest in captives among the UK risk and insurance management community as its members battle with the challenges posed by the ongoing harsh commercial insurance market was underlined by Tom Richardson, group insurance director at Associated British Foods, during a webinar with captive market experts organised by Guernsey Finance late last week. The limited appetite of the…
High geopolitical tensions are at risk of using corporates as collateral, warns a new report from intelligence firm Verisk Maplecroft, which says rising troubles between the US and China should be at the top of corporate risk radars. The report says political rivals could use sanctions and export controls that will impact business because the corporate sector seems to have…
Covid-19 will continue to put a “heavy strain” on global credit conditions in 2021, with more ratings downgrades and an increase in defaults likely, says S&P in a new report. Its baseline assumption is that Covid-19 vaccines will become widely available by mid-year, but containment of the pandemic will still be uneven worldwide. S&P adds that until the vaccines start…
Chronic disease prevention and management will become an essential service for corporates going forward, predicted two medical experts, who agreed that rapid technology advancements in the past year have become a game-changer. Companies that adopted digital systems to manage wellness programmes for their employees were one step ahead when the pandemic hit and are well positioned for the post-Covid-19 landscape,…
As some believe that vaccinations and economic recovery will bring their companies some peace of mind in 2021, a French consultancy has warned the worst is yet to come for supply chain risks. According to Laurent Giordani, a partner at Paris-based KYU Associés, even companies that have managed to avoid supply chain disruptions during the Covid-19 pandemic may struggle later…
UK firms have been given an additional six months to comply with mandatory gender pay gap disclosures, as the start date for enforcement action is pushed back from April to October. The Equality and Human Rights Commission (EHRC) had already suspended enforcement for 2019/2020 after the outbreak of Covid-19 in March last year. Under the latest extension, again due to…
Italian risk management association Anra is in an “informal” and “cordial” dialogue with the national insurance supervisor IVASS to ensure it is as easy as possible for Italian companies to form and use captives, as they struggle to deal with the dramatically hardening insurance market. This move comes as French risk management association AMRAE is awaiting proposals from its Finance Ministry…