Organisations face extremely turbulent times, both economically and geopolitically. Risks in relation to governance, laws and regulation continue to raise a significant level of concern for risk professionals and their organisations.
While the COVID-19 pandemic is primarily a problem of human health, it has carried inevitable consequences for geopolitics and domestic politics. After all, geopolitics is about how businesses sit within the economy, policy and geography, and the impact that events like pandemics have on this relationship.
As The Economist put it, "following the pandemic is like watching the climate crisis with your finger jammed on the fast-forward button". The pandemic and the climate crisis have a number of similarities. They are no respecter of borders. They are low frequency/high impact catastrophic risks that do not tend to feature highly on the risk registers of most businesses.
Tracey Skinner, Group Insurance Director for BT Group Plc, has been appointed the new chair of the Airmic board for the following 12 months.
It's that time of the year when Airmic welcomes a new Chair and deputy, and members interested in joining the board will have the opportunity to apply later in the year.
Airmic Fest, the UK's largest ever risk and insurance virtual conference, will be held 22 - 24 September, and members can now get a first look of the programme and knowledge streams.
Airmic has welcomed proposals put forward by Lloyd's that aim to fast-track the global economic and societal recovery from the far-reaching impacts of COVID-19.
The coronavirus pandemic has presented a number of challenges to the captive industry, including the inability to hold in person board meetings, but the alternative risk transfer tool has never been more relevant to corporate insurance buyers.
Insurance companies are taking a more pro-active approach to conducting valuations and risk professionals need to be aware and prepared, according to Rebecca Fuller, Head of EMEA and Managing Director for Fixed Asset Management & Insurance Solutions.
As lockdown starts to ease and the number of Coronavirus infections in Europe reduces, working from home remains a necessity. While the full impact on companies is yet to be revealed, they continue to find ways to operate. In the insurance industry, as in other financial service sectors, the wonders of technology can help us to stay in touch with colleagues and clients, to complete our work, to sustain a high level of service, and to maintain some human connection (on screen at least).
If anyone doubted the importance of digital transformation to business, COVID-19 has underlined that reality with a vengeance.
COVID-19 has forced businesses and organisations to battle to maintain operational continuity under some of the tightest restrictions our society has ever seen. Despite this, trust and reputation are still increasingly high on the agenda, as consumers continue to have high expectations of brands, finding many corporate transgressions unacceptable.
By John Ludlow, CEO.
The UK risk and insurance management community’s biggest ever virtual event will feature a diverse range of topics, exhibitions and thought leading debates.
The UK government will guarantee £10bn of trade credit insurance as its steps up its support for businesses in the wake of the coronavirus pandemic.
Robert Tailby, Principal Casualty Risk Engineer at Chubb Risk Engineering Services, discusses the importance of risk assessments being a meaningful exercise in reasoned decision making and proper integration of control measures into realistic operating procedures.
Risk professionals cannot, and should not, try to predict the future, but the risk management tools and techniques many risk professionals currently use may not be effective for managing emerging risks. These risks typically emit low signals and data can be sparse and unreliable.
The Chartered Insurance Institute (CII), has explained the Financial Conduct Authority (FCA) guidance on maintaining Continuing Professional Development (CPD) in light of the pandemic and its impact on working lives and business operations.
The Insurance Charities, which provides help and support to those working in the insurance sector in the UK and Ireland, will hold its Awareness Day online on Wednesday, 24 June.
Essential work has continued during lockdown but many organisations have either recently returned or are in the process of planning a ‘COVID-secure’ return to the workplace. As lockdown restrictions begin to relax, Airmic members must plan for and adjust to the ‘new normal’.
Christopher Bourdaire of Sovos | FiscalReps
Changes brought about by the Insurance Act 2015 in relation to basis clauses, warranties and other terms may have the knock-on effect of seeing the increased use of conditions precedent in policy wordings. Paul Lewis and Laura Moorhead of Herbert Smith Freehills LLP exp
Although Theresa May has said that "Brexit means Brexit", there is still a huge amount of uncertainty and debate about what it will actually look like. Ben Waterton of Arthur J. Gallagher urges risk managers to act now.
Cyber-attacks have become a fact of business life and being unprepared is no excuse. Sarah Hewitt of Arthur J. Gallagher offers advice on what an effective breach response plan should look like.
Airmic’s new website will be live in time for the annual conference with a different look and feel, greater ease of use, more member focus and compatibility with tablets and smart phones.