Tag Archives: risk management

2019: Most dangerous risks to insurers

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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

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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

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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 →

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

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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 →

Three key steps for addressing cyber risk in the construction industry

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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 →

Top 5 technology risks for publishers

People holding microphones and papers

In my post, The Changing Risk Landscape for Publishers in a Digital World, I explored some of the changing exposures faced by publishers enduring print-to-digital transformation. Since then, we’ve seen the commoditization of online news and a variety of strategies … Continue reading →

The truth about directors’ duties in the U.K. and the business judgment rule

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Between 1742 and 2017 it seems there have been 130 cases in which the discharge of directors’ duties in the specific context of the business judgment rule has come under scrutiny by the English courts. In 82 of these, the … Continue reading →