Risk Management
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Captives looking to expand coverage into new areas, finds RIMS/Marsh survey
More than half of captive owners plan to expand their use into other areas over the next couple of years,…
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Norsk Hydro cyber loss reaches €46m
Aluminium manufacturer Norsk Hydro said the cyberattack that struck the company in March will cost it up to €46.4m...
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Risk managers can deliver competitive advantage through emerging risk analysis: RIMS
Risk and insurance managers often complain that their partners in the insurance sector are unable to effectively identify, measure manage…
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Mather and Luthi inducted into RIMS Hall of Fame
Two highly respected former presidents of RIMS were inducted into the society’s Risk Management Hall of Fame (RMHF) this week…
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St Joseph’s University team wins 2019 Spencer-RIMS Risk Management challenge
Robert Zhang, RIMS board director and IKEA China’s risk and compliance director, announced Saint Joseph’s University student team as winners of the…
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Companies ‘less prepared than ever’ for risk, finds Aon survey
Risk readiness at corporations across the globe is at an all-time low, as standard risk management approaches are caught off-guard…
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Nigerian risk managers warn consumers are trusting God not insurance
A group of risk managers in Lagos warned that too many people still do not trust insurers to provide the…
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US IRS reveals new arm’s-length captive pricing compliance campaign
The US Internal Revenue Service (IRS) has announced a compliance campaign aimed at captive service providers and focusing on arm’s-length…
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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…
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Risk managers urged to take on sustainability risk
Risk managers are falling short when it comes to environmental, social and governance (ESG) related risks, according to speakers on…
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Vermont updates captive law with change to captive examination schedule
Vermont has updated its captive legislation with modifications to the captive examination schedule and improvements to the statute governing group…
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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…
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Tackling north African unemployment key to reducing risks
The five Maghreb countries – Algeria, Libya, Mauritania, Morocco and Tunisia – must increase regional trade if they are to…
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UK firms report fall in cyber breaches but increased costs
The number of cyber breaches fell during the past 12 months at UK businesses, including large firms, but costs went…
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Risk managers and brokers must up game in hard market
If signs of a hardening market take hold, insurance buyers and brokers will need to up their game to avoid…
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Generali Employee Benefits launches blockchain solution for captives
A blockchain solution for the employee benefits industry that aims to transform the reinsurance process for captive services has been…
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Machinery breakdown risk in spotlight as claims rise
Machinery breakdown risks are coming under increased scrutiny after an uptick in claims, according to specialist property insurer FM Global...
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UK risk and compliance roles increasingly under threat from Brexit
More and more UK financial services firms are making job cuts because of Brexit, with risk and compliance roles among…
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Willis joins programme to boost resilience to geopolitical risks
Willis Towers Watson has joined the Royal United Services Institute’s (RUSI) Modern Deterrence Programme, which aims to increase resilience to…
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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,…