Latest Posts

DOL’s new rule is now in effect — wave of fiduciary litigation may follow

No more delays. The Department of Labor’s (DOL) new fiduciary rule goes into effect today. While the DOL is willing to provide temporary enforcement relief to fiduciaries diligently working on compliance, the door is now open for civil litigation. What … Continue reading →

Influencing risk culture within the transport industry

A fatal tram accident, online retailers’ accusations of dangerous driving practices, and a conviction following a fatal road collision have pushed fleet operators and their risk management practices into the spotlight in recent months. As well as the human cost, … Continue reading →

Chronic labour shortage forecast for U.K. food and drink industry post Brexit

As part of a series of in depth articles on the effect of Brexit on various U.K. industries, Willis Towers Watson recently released its insights on the food and drink industry. Brexit has added to mounting concerns over a chronic … Continue reading →

Employers take a variety of steps to stem health care cost increases and improve employee health

While the health care debate continues in Washington, U.S. employers recognize that no single change will radically transform the cost structure of health care programs. Instead, they are following a strategy of taking many concurrent steps to manage costs. According … Continue reading →

The accuracy illusion

The more things change… When I started my first job two and a half decades ago, I was told for the first six months (during “probation period”) my pay would be set at 90% of the starting salary. Following a … Continue reading →

New and emerging risks, related risk transfer and financing solutions

New and emerging risks, related risk transfer and financing strategies were topics of discussion presented by Marc Paasch and Derrick Easton from the Alternative Risk Transfer team, and Melena Ortega from Munich Re, at RIMS this year. Emerging risks, defined … Continue reading →

Payback time: What your CFO wants to know about your loyalty rewards program

Advanced analytics techniques are enhancing loyalty program investment cases and helping to more consistently blend financial and marketing objectives. Most customers love being rewarded for brand loyalty, and businesses love loyal customers. It’s a simple formula that has seen loyalty … Continue reading →

Hurricane Season Forecast: What to expect for 2017?

Atlantic hurricane season is officially here; it started yesterday and will continue through November 30. This is the time when most tropical cyclones in the Atlantic form, but not all. Take for instance, Tropical Storm Arlene, which was short-lived, weak … Continue reading →

What does a good risk culture look like?

In 2012, a major international bank disclosed a multi-billion-dollar trading loss on its synthetic trading portfolio. By its own admission, the events that led to the company’s losses included inadequate understanding by the traders of the risks they were taking; … Continue reading →

How Cyber-smart is your organization?

I recently participated in a panel discussion about the current state of affairs in public-private information sharing, the Internet of Things, and whether data privacy is dead. For the risk managers and chief information security officers (CISO) attending, there was … Continue reading →