Risk Management
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Extreme weather tops the Africa risk list
Cybersecurity, geopolitics and financial market fluctuations are among the chief concerns for business voiced by some leading risk experts as…
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Equatorial Guinea sets up one-stop shop to help business
Equatorial Guinea’s business environment is set for improvement after the government launched of a one-stop shop for setting up businesses…
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EU, China and the US urged to reduce piracy risk in the Gulf of Guinea
International maritime organisation BIMCO has warned that piracy in the Gulf of Guinea is an unacceptable burden to seafarers and…
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Angolan oil sector ripe for transformation
Angola has been benefiting from oil price rises in the past year but now it appears major reforms of its…
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World’s inability to cooperate on major risks at ‘crisis level’, warns WEF
The world’s inability to cooperate and tackle major global risks has reached “crisis levels”, and is only expected to worsen…
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Vermont to explore blockchain technology for captive recordkeeping
Vermont is to explore emerging blockchain technology and its use in the digital recordkeeping practices of the captive insurance industry.…
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Cyber joins BI as leading global risk in Allianz Barometer
Cyber has been voted the joint-biggest risk facing companies in the Allianz Risk Barometer 2019, joining perennial leading concern business…
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Former Carillion insurance risk manager joins Willis Towers Watson
Willis Towers Watson has appointed former Carillion insurance risk manager Andy Kirby to its major projects team for UK construction…
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PG&E plans to file for bankruptcy protection over wildfire claims
Californian energy firm Pacific Gas and Electric Corporation (PG&E), which faces significant liability if its equipment is found to have…
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Risk manager profile to evolve as professionalism takes hold: Ferma
The professionalisation of risk management is likely to change the typical profile of risk managers, who are much more likely…
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Continued captive growth in Vermont in 2018
Vermont has continued to see captive growth, licensing 25 new captive insurance companies in 2018, according to its Department of…
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CFOs increasingly on hook for failures in nat cat risk management, warns FM Global
Chief financial officers (CFOs) will increasingly be held to account by investors and shareholders if they fail to manage their…
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Flying into the future: Australian Senate Inquiry into drones
The long-awaited Australian Senate Inquiry report into the current and future regulatory framework for remotely piloted aircraft (drones) in Australia…
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South African rand turmoil expected to continue throughout 2019
Few currencies matched the rand’s turbulence in 2017, with factors such as Trumpenomics, the firing of finance minister Pravin Gordhan…
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Chubb warns of new cybersecurity threats in year ahead
Cybersecurity will be challenged further in 2019 as regulators step up pressure on companies to prevent attacks and criminals change…
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Fatality rate on commercial flights rises for first time since 2012
Last year saw the trend for fewer fatal accidents per million large commercial aircraft flights reverse as 534 passengers lost…
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Brexit and cyber risks knock UK manufacturers’ confidence
Brexit risks have dented UK manufacturers’ confidence going into 2019, with 72% naming it the biggest source of uncertainty in…
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Bermuda Monetary Authority releases report on islands’ captive market
A report on Bermuda’s captive market by the Bermuda Monetary Authority (BMA) has revealed that two thirds of captives originate…
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Hackers breach 9/11 conspiracy files from insurers and law firms
Hacking group The Dark Overlord appears to have breached a law firm holding information from Lloyd’s of London and Hiscox,…
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UK directors exposed to no-deal Brexit risk legal actions over lack of preparation
UK company directors have "massively overlooked" liability risks as a result of failing to prepare adequately for Brexit, leaving them…