Tag Archives: risk management

Don’t let your actuaries sit on the bench on IFRS17

Accountant adding figures on a calculator

IFRS17 may be an accounting standard, but getting ready for it requires serious actuarial input. The January 1, 2021 live date for the new international insurance accounting standard, IFRS17, is somewhat deceptive. The reality is that, due to the need … Continue reading →

Insights from the Willis Re Flood Club: the weaknesses and strengths of flood modelling

cars in flooded parking lot

When industry experts gathered to consider the state of flood modelling, they discovered a disconnect between theory and reality that can leave insurers under some expensive water. So what’s next for modelling approaches? Insurers are worried about their flood exposure. … Continue reading →

8 reasons why energy companies should have an Enterprise Risk Management framework

Worker in a yellow vest walking between solar panels lined in a field

Establishing a resilient Enterprise Risk Management (ERM) framework can be a challenging process that requires a clear action plan with specific improvement points and defined timelines. And it’s for those reasons, along with lack of resources and determination that some … Continue reading →

5 questions hospital board members should ask about enterprise risk management

Female doctor sitting with a man in a suit holding a laptop and a man in a suit and tie

Risk management in health care can vary greatly across different organizations. Yet the focus on managing risk should be an integral part of all boards of directors’ ongoing discussions. So what should the directors and their senior executives be thinking … Continue reading →

Does public policy prevent recovery for fraud under Delaware law?

Delaware state seal

An interesting recent Directors and Officers (D&O) decision of the Delaware Court challenges the tacit assumption that public policy necessarily prevents recovery from insurers in cases where fraud and deliberate misconduct is alleged. The case concerns an action brought by … Continue reading →

Cinco tendências de seguros cibernéticos a serem observadas em 2018

Quais desafios as empresas interessadas em contratar um seguro cibernético estão enfrentando em 2018? Aqui está um resumo das cinco principais tendências, com base nos resultados identificados em nosso Relatório de Realidades de Mercado em 2018: Riscos cibernéticos. Continue reading →

An insurer’s ‘duty to speak’

a man and a woman in suits talking at a table with papers in front of them

Does an insurer have a duty to tell you that unless you take certain steps, you will lose rights under a policy of insurance? Depending on the facts, the answer may be yes. In the first Ted Baker Plc. and … Continue reading →

The insurance industry’s InsurTech autoimmune disorder

man sitting in front of a laptop with a pensive look

The warning signs and five steps to avoid the condition In my experience, large, highly successful companies tend to do three basic things extremely well: They protect the core business, manage risk and avoid big mistakes. Over time, these capabilities … Continue reading →

Cyber risk mitigation: Best practices for Mutual Fund Directors

man with a dress shirt and tie talking on his cell phone looking at a tablet outside

Cybersecurity continues to be one of the top risk management issues facing mutual fund boards today, with continued scrutiny coming from regulators and investors alike. Potentially facing financial loss and reputational harm from growing threats, stakeholders are taking an even … Continue reading →

Understanding the motivations behind medical malpractice

surgeons leaning over a surgical table with a light overhead

In our last post, we examined the motivations of so-called rogue medical practitioners— physicians, nurses and other medical personnel responsible for causing multiple patient injuries. For the most part, such bad actors may be described as either reckless, financially motivated, … Continue reading →