Tag Archives: insurance and risk management

2019: Most dangerous risks to insurers

woman holding tablet and pointing to whiteboard

Six of the top 10 risks identified as most dangerous for insurers in 2019 were in the top 10 last year. The other four fell within last year’s top 18. Continue reading →

Instability in countries like Venezuela highlights need for political risk insurance

Faut-il réinventer le salaire de base?

As Venezuela’s economic and political crisis reaches a boiling point, it serves as a cautionary tale to corporations that have invested in fast growing but increasingly unstable economies. Continue reading →

3 types of enterprise risk management and their roles in strategy

Office colleagues standing around a table with laptops and binders

There are many ways for enterprise risk management to be strategic, even without the risk reward component. But if you are a CRO and want to be seen as an obvious contributor to strategy, you need to keep the four stages of strategy and the contributions that your ERM program can make in mind throughout the year. Continue reading →

Settlement deliberations are not privileged

A judge talking to two lawyers in the hall of a marble building

You sit on the board of a company which is sued for £100 million. The company’s lawyers advise that the claim is a try-on and should be resisted. Three years later, after £2 million has been spent on defense costs … Continue reading →

4 key steps to business strategy for CROs

Woman in a suit writing on a white board while a man in a suit and tie is reading the board

When we talked to 20 insurance executives about enterprise risk management and strategy, most responded to our questions with suggestions of how ERM teams could become more successful by interacting with planning and budgeting colleagues. But there’s more to strategy than planning and budgeting. Continue reading →

Start with these 3 functions when thinking about enterprise risk management

Businessman at a desk holding a pen looking at a chart and a laptop

This post is part of our “A Year in the Life of the Strategic CRO” series and is the first of three posts that will focus on the foundational elements of strategic enterprise risk management. How and which aspects of … Continue reading →

How will automation, AI and other technologies change the insurance industry as we know it? Two expert opinions

Close up of a woman holding a smart phone with a chat bot on the screen

How is technology impacting the insurance industry and what do we expect to see in the years to come? To find out, we sat down Alice Underwood, Global Leader of Insurance Consulting and Technology and Dave Ovenden, Global Pricing and … Continue reading →

2019: The year regulators force insurers to account for sustainability risks on their balance sheets

close up of employees hands pointing to papers with charts. Laptops, tablets and phones are displayed on the table

The European Insurance and Occupational Pensions Authority (EIOPA) has released its latest sustainability proposals (EIOPA-BoS18/483), which are wide ranging and could have significant implications for insurers’ investment strategies, risk and actuarial functions, product pricing, design and sales processes. They involve … Continue reading →

The Network Information Systems Directive and the requirement on directors to get a little more technical

close up of woman looking at a tablet - banner

Chances are you’ve heard about the GDPR (General Data Protection Regulation), but how about its lesser known cousin, the Network Information Systems Directive (NIS Directive)? This came into force in the U.K. on May 10, 2018, through the Network Information … Continue reading →

Three key steps for addressing cyber risk in the construction industry

male and female construction workers wearing protective gear looking at a tablet - banner

Virtual reality and artificial intelligence are becoming integral parts of the construction industry. But with its widespread adoption comes new risks that call for a more sophisticated approach to risk management. It’s the phone call no contractor wants to receive … Continue reading →