The insurance industry weathered the recent financial and economic storm better than most and has posted another set of healthy quarterly results. But insurance industry leaders at a recent JLT customer event have warned risk managers that they will have to take a tougher line to maintain margins.
Insurance risk managers should be used as an independent line of defence to help ensure that the risk-reward balance is fully evaluated and that all risks are sufficiently understood by the business, according to Swiss Re.
FM Global has rolled out what it describes as ‘important’ modifications to its fire protection standards with the introduction of a new Property Loss Prevention Data Sheet 2-0.
The quality of an insurance buyer’s presentation of risk information is crucial for them to obtain the most competitive terms from insurers, with underwriters rating it as more important than broker relationships when deciding whether to quote for a risk, according to research by broker Bowring Marsh.
Tony Dowding finds risk management in action as the IRM rapidly reorganises as Volcanic ash brings Europe’s airports to a standstill.
ERM is becoming the norm in Sweden and risk managers should not have to constantly prove its value. Ben Norris reports.
Risk managers must learn how to communicate effectively if their true value is to be realised by employers argued a communications expert at the SWERMA conference. Ben Norris reports.
Charlotte Barnekow, Chairwoman of Sweden’s risk management association, told Adrian Ladbury about the key debate at this year’s conference and plans for the group.
Insurance buyers in Europe are worried that Solvency II will drive capacity out of their core industrial insurance lines. Derek Austin found that many run-off experts believe that policyholders may find themselves faced with more complex schemes of arrangement and commutations as a result.
European insurance and reinsurance buyers should support an effort by the Bermuda market to gain equivalent status under Solvency II or face tighter capacity in future. Adrian Ladbury asked the Bermudians why Europeans should care about their market’s status in Europe.