BIA risk management award entry deadline extended

The entry deadline for the Risk Management Award, being presented by Airmic at this year’s British Insurance Awards, has been extended to Thursday 9 April.

The award is open to any risk manager or risk management team involved in designing and implementing an enterprise risk management programme or insurance programme. Airmic chair Helen-Clare Pope will be on the judging panel alongside Julia Graham, president of the Federation of European Risk Management Associations (FERMA) and incoming technical director at Airmic. 

The annual event typically attracts over 2000 industry big hitters, and has been described as the “Oscars of the British insurance industry”.  Pope has encouraged Airmic members to consider entering for the award: “If you feel that you, a colleague or your team deserve recognition, then the awards are a fun way to showcase those achievements,” she said last month.

The judges will be looking for examples that might demonstrate one or more of the following:

• How the organisation has implemented and embedded a risk management framework and processes that facilitate a current and comprehensive understanding of its risks 
• How risk management has continually responded to changes in the external and internal environment of the organisation
• How risk leadership has helped to support achievement of the organisation's objectives
• Focus on how risk management has been used to leverage a strategic advantage for the organisation over its competitors
• How risk leadership has been integrated with the management of strategy across the organisation
• How risk maturity is assessed and reported across the organisation
• How improved resilience has been achieved 
• Focus on uninsured risks, where a captive or proactive management of deductibles are involved
• Knowledge sharing among stakeholders to introduce best practice
• A tangible outcome, whether cost savings, reduced error rates and/or sustained revenue/profit enhancement

This year’s ceremony will take place at the Royal Albert Hall on 8 July. Click here to apply for the award. For further details of the event, go to www.insuranceawards.com