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FERMA 2017: Risk managers urged to have ‘open dialogue’ and make sure firms are honest about risks

Inga Beale Canopius HR

Inga Beale, CEO of Lloyds, has urged for a change in business culture to allow firms to admit to mistakes or errors so insurers can properly cover their risk exposures.

Speaking at a panel debate at the Federation of European Risk Management Associations Forum in Monte Carlo Beale, pictured, said the world was changing rapidly and along with geopolitical risks, and a

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Lloyd’s probe deepens after Clement promotion cleared

Lloyd’s is believed to have widened a fresh investigation into top-level behaviour, just as a report emerged that October’s review of the London Market’s former CEO John Neal’s relationship with his former head of corporate affairs Rebekah Clement ruled it wasn’t inappropriate.

Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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