Risk Management
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Cyber experts report wider range of attacks with IoT a huge concern
As cyber criminals broaden their capabilities there has been a rise in attacks against industrial control systems and connected devices,…
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UK P&I club advises over Cuban sanction changes
Cargo ships should take legal advice if they are uncertain about the classification of their loads under changes to Cuba…
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Firms failing to tackle endemic workers’ human rights violations in Asia
Violations of workers’ human rights are endemic across most Asian countries and initiatives to tackle the issue at source, and…
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Guernsey steps up Chinese captive campaign as MoU signed with CIRC
The Guernsey Financial Services Commission (GFSC) has signed a Memorandum of Understanding (MoU) with the China Insurance Regulatory Commission (CIRC)…
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Somali pirates strike again
Risk managers have been warned to increase their vigilance around the threat of a piracy attack in Somali waters after…
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Chinese company faces record fine from US for breaking Iran sanctions
A Chinese telco provider is facing a $1.9bn fine for violating US economic sanctions in a case that should act…
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RMS launches agriculture risk models for India and China
Risk modelling firm RMS has added agricultural risk models for India and China to its suite of emerging risks models.…
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Kenya’s new Bribery Act set to make major changes
Risk managers in Kenya – or anyone with business interests in the east African state – need to be aware…
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Is Kenya its own worst enemy?
It is hard to understand why Kenya likes sabotaging itself. At a time when things seem to be going so…
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Time for women in risk to stand up and be counted
International Women’s Day 2017 was celebrated last week, and women in risk management were no exception. The UK’s Institute of…
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Corporate travellers warned of yellow fever risks in Brazil
Companies with employees travelling to Brazil should put in place additional risk mitigation measures following a significant rise in cases…
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Successful risk management keeps southern African insurance stakeholders in profit
It is not easy to measure the size of insurance markets in southern Africa. Even in South Africa, which…
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Transforming the insurance sector in Kenya
Winning consumer trust and designing insurance products fit for purpose is key in the drive to increase insurance penetration in…
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US court hears VW emissions guilty plea
Car manufacturer Volkswagen (VW) has pleaded guilty to charges of fraud, obstruction of justice and falsifying statements to fix emissions…
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Exemption from NY cyber rules for some captives and risk retention groups
The New York Department of Financial Services has exempted non-domiciliary, or foreign, risk retention groups (RRGs) from compliance in a…
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New president for Captive Insurance Companies Association
Dan Towle has been appointed the new president of the Captive Insurance Companies Association (CICA). He is currently director of…
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Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft
Human rights risks are surfacing closer to home for western companies at the very time that legislation to clamp down…
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Singapore government issues call for cyber security experts
A new scheme designed to attract more cyber security professionals to the public sector will be introduced later this year…
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Hong Kong looks to establish itself as reinsurance and captive hub
The Hong Kong Financial Services Development Council (FSDC) has released a report which calls for action to be taken to…
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Women play growing role in risk management says IRM
Celebrating International Women’s Day 2017, the UK-based Institute of Risk Management (IRM) has highlighted the growing role women play in…