Ifrima plans academic study to back global programmes campaign

Ifrima plans academic study to back global programmes campaign

Ifrima plans academic study to back global programmes campaign

A serious academic study on the negative impact of inconsistent and protectionist insurance regulation around the world is likely needed if the international risk and insurance management community is to convince regulators of the need for reform from the top down, according to the chair of the International Federation of Risk & Insurance Management Associations (Ifrima). Mary Roth, who is…

April renewals create mixed picture for insurance buyers

April renewals create mixed picture for insurance buyers

April renewals create mixed picture for insurance buyers

Despite the apparent hardening of the insurance market following the April renewals in Japan, it is still possible for commercial risk managers to attain coverage at a good price if they can show a positive risk history and are equipped with sound risk management skills. That is according to a number of leading risk managers. In addition, risk managers have…

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Corporates targeted by environmental protests

Greenpeace Africa activists and volunteers delivered a #PlasticMonster partly covered with Nestlé-branded plastic packaging back to its source: the Nestlé factory servicing Kenya and other east African countries. The activists called on the multinational corporation to end its reliance on single-use plastic. They also held protests at Nestlé offices in the Philippines, Germany and other countries as part of a global…

RIMS strikes educational partnership in India

RIMS strikes educational partnership in India

RIMS strikes educational partnership in India

US risk management association RIMS has signed a memorandum of understanding (MoU) with the National Insurance Academy (NIA) in India, to develop a risk management education course. The agreement was signed in Pune, India by RIMS vice-president of global development Steven Chou, RIMS board director Jennifer Santiago and NIA director Shri G Srinivasan. The MoU is designed to formalise the…

Swift report shows concentration of bank cyberattacks in southeast Asia

Swift report shows concentration of bank cyberattacks in southeast Asia

Swift report shows concentration of bank cyberattacks in southeast Asia

Banking cooperative Swift, which runs the global network for interbank payments, has issued a new report on bank-focused cyberattacks, which shows that four out of five of all fraudulent transactions were issued to beneficiary accounts in southeast Asia. The report is part of Swift’s information-sharing initiative, which was established in the wake of the 2016 cyberattack on the central bank…

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