Tag Archives: risk management

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 →

With-profits simplification: Could it be a triple win?

person scrolling on a tablet reviewing a blue line graph

Aggregate U.K. market demand for with-profits funds has been in decline for several years. The benefits of simplification of a significant proportion of existing funds, most of which are already closed to new business, are becoming harder to ignore or … Continue reading →

Can insurance help drive private equity investment in renewable energy?

aerial view of solar panels

One of the main reasons private equity (PE) firms have held back on investing in renewable projects is the perception that it’s difficult to predict how investments will perform. Renewables are volatile. Energy produced from them can vary from year … Continue reading →

Protecting people and assets in the Latin American natural resources industry: 3 imperatives

Tecpetrol’s Fabio Lugo addressing Latin American Natural Resources Conference in Buenos Aires

Tecpetrol’s Fabio Lugo addresses our Latin American Natural Resources Conference in Buenos Aires last month Latin America’s geography is rich in natural resources, currently producing 12% of the world oil and 7% of the world natural gas supply. But a … Continue reading →

Assessing the aftermath: Lessons learned from Hurricane Irma

hurricane irma risk mitigation

Soon after hurricane Irma struck, Willis Re sent a team to survey the property damage in southwest Florida. After four days, and 900 miles, the team completed its assessment, which can be found here. Among the key lessons learned was … Continue reading →

Keeping risk and capital in balance

So what direction is your company headed regarding risk? Are you expecting to: Grow your risk faster than your capital, using up excess capacity; Grow your capital faster than your risk, building up capacity; or, Keep risk and capital in … 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 →