Airmic conference
Penny Black's Insurance Week - 20 June 2013
Penny saw several delegates looking a little jaded on the final day of the Airmic 2013 conference in Brighton, but none quite so worse for wear as the good fellows from the Institute of Risk Management.
Regulators increasingly penalising cybercrime victims, says Ace
Corporate victims of cyber-crime are increasingly coming under government scrutiny, according to Iain Ainslie, cyber liability underwriter at Ace Group.
Airmic 2013: British risk managers urged to engage with Ferma
Airmic members should work more closely with the Federation of European Risk Managers, board member Julia Graham said today.
Insurance buyers warned of "lone wolf" attacks as terrorism threat changes
Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today, according to a new technical guide produced by Airmic, in collaboration with Willis.
Airmic 2013: Resilient companies “engage with staff”
Companies that have a culture of risk awareness and are open with their staff are the best equipped to deal with crisis, research by the Cranfield Business School has revealed.
Airmic 2013: Risk management reporting “opaque”
Companies should be much more open about the way they report their risk management activity, Airmic and the Institute of Chartered Secretaries and Administrators has urged.
Firms struggling to manage their supply chains warns Airmic
Companies are finding it increasingly difficult to control their supply chains at a time when the cost of failure is higher than ever, according to risk management association Airmic.
Airmic 2013: Non-disclosure tops buyer concerns
The possibility that claims may not be paid due to innocent non-disclosure is the top concern of Airmic members, research has revealed.
Airmic 2013: Supply chain losses up 465%
Economic losses from supply chain disruptions increased an estimated 465% between 2009 and 2011, research has revealed.
Airmic 2013: Investment returns to blame for claims payments
Reduced investment returns and a lack of client knowledge is causing insurers to repudiate claims, Willis deputy chief executive Steve Hearn has claimed.
Airmic 2013: Airmic targets basis clauses
Airmic will focus much of its efforts in 2013 helping its members battle technical issues such as basis clauses.
Airmic "confident" global compliance database will be ready in 2014
Airmic expects to be able to offer risk managers access to a global compliance database “sometime during 2014", the risk management association's chief executive officer John Hurrell said today.
Post Audio Supplement - 6 June
Too busy to read the magazine or website? Want a quick update on the latest news?
Interview: Chris McGloin: Up for the fight
Incoming Airmic chairman Chris McGloin is about to find himself at the forefront of an organisation with a lot on its plate. As he takes the reins during Airmic’s 50th anniversary year, he explains why he’s feeling optimistic
Risk management: Mapping risk
The industry consensus is that Airmic’s planned global compliance database would be highly beneficial to all parties – so why is it proving so difficult to bring to fruition?
Risk Management: Adapt to survive
Professional buyers and the market that serves them have a shared interest in keeping corporate insurance relevant, yet changing circumstances are threatening its role and value.
Ex-Airmic chair Taylor joins Ascot board
Ascot Underwriting has appointed Paul Taylor as an independent non-executive director and chair of it’s risk committee.
View from the Top: Having a purpose
Insurers owe it to policyholders to pay up when called upon, without discussion and without delay, says Mike Hammond.
Lockton recommends reservation of rights clause
Broker Lockton has told its clients to add a clause to their insurance contracts to help counteract negative effects of the reservation of rights by insurers.
Airmic members predicting two-year rise in casualty rates
Risk managers are expecting to see an increase in casualty insurance rates over the next two years, despite a recent Airmic survey showing rates remaining flat.
Airmic invites new pitches for compliance database
Risk management association Airmic has issued a second request for proposals for companies interested in creating a global database of international insurance requirements.
Government given mixed reviews half way through electoral term
Insurance industry stakeholders have given verdicts on the government's performance as it reaches the half-way point in its five-year electoral term.
Airmic raises supply chain cover concerns
Business interruption and supply chain insurance products are too expensive and onerous in information requirements to meet client needs, according to risk management association Airmic.
View from the Top: Back to the future
The insurance industry must look to the past and return to a client-focused approach, says Martin Owens