Tag Archives: risk management

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 →

Seasonal climate forecast for Europe

A thermometer in a window, showing a temperature of -25°C

At this time of year, in the midst of contract renewals, property insurers are keeping an eye on the long-range forecasts for the rest of the winter in Europe. We’ve all seen the headlines in the tabloids about the next … 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 →

Addressing the human element in cyber risk: The HR/risk management partnership

According to the latest research by Willis Towers Watson, cyber security continues to be widely viewed as a fundamental challenge (66%) and a top priority for organizations (85%). What’s more, the 2017 Willis Towers Watson Cyber Risk Employer Survey shows … Continue reading →

Discipline is key to ERM

Risk management matters the most when it is the most expensive and most difficult. But unless the regular steps of risk management have already become muscle memory, it is much less likely that you will even think to do your … Continue reading →