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Willis Towers Watson

Partner
Risk management is on boards’ and shareholders’ agendas. Increasingly the pressure is on business leaders to demonstrate control over business risk and its cost impact. Organisations recognise that without insight into the likelihood and consequences of risk on business planning, decisions may be made blind, or in many cases blinkered from the exposures and opportunities that exist within other areas of the business.

Organisations are exposed to a wide range of risks that are derived by the actions of individuals and groups of employees. To better understand and manage these risks, companies need to examine how they are created and framed within the business’s individual risk culture. By assessing both leaders’ and employees’ views, behaviours and propensity to take risks, companies can start to address these challenges. We can help businesses to get to grips with the issues, attain support complying with the regulatory requirements, and make meaningful and positive organisational change.

We work with individuals who are responsible for risk and insurance within their organisations, helping them to promote long-term risk management and insight, as well as support their immediate risk mitigation, transfer and retention needs.

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With 6500 employees across the U.K., and over 39,000 in more than 120 countries, our regional teams are located close to our clients. We take time to get to know each business’ needs and industry, to fully understand the unique set of risks each faces. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance.

 

RISK LEADER’S GUIDE TO THE REVISED CORPORATE GOVERNANCE CODE

A continual process of assessing, shaping, monitoring and aligning risk culture and risk within the desired risk appetite helps to support the Corporate Governance Code. They are also the key building blocks for an effective risk management framework. The Insight provides guidance on how risk leaders and board members should implement and consider the code.
 

5 KEY CONSIDERATIONS IN RESPONDING TO CYBER EXTORTION DEMANDS

Cyber extortion is a growing and rapidly evolving risk. One of the more insidious forms of cyber extortion — so-called ransomware attacks — are on the rise. The FBI estimates that the first quarter of 2016 saw businesses and individuals pay $209 million to hackers to unfreeze files (compared with $25 million for all of 2015)…

 

THE INSURANCE ACT 2015 – PRACTICAL CONSIDERATIONS

Willis Towers Watson looks at some of the more practical issues and concerns that arise from the Insurance Act 2015 (the ‘Act’).

 

PROPOSED CHANGES TO THE EU DATA PROTECTION LEGISLATION

Under the new General Data Protection Regulation, data protection law will be significantly tightened, and individuals’ rights (including to bring claims) will be strengthened. Fines will rise to as much as 4% of global turnover for breach of the law, including data breach. The Regulation is due to take effect in 2018, and will impact all business sectors. Organisations should start now to assess how the Regulation will change their current data protection compliance obligations.

 

Contact
Telephone
020 3124 7997
Email
airmicmarketplace@willistowerswatson.com
Website
Address
51 Lime Street
London, EC3M 7DQ
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