Airmic conference
Industry in favour of 90-day cooling-off period
The industry has backed risk management association Airmic's voluntary clause outlining a 90-day cooling-off period in which an insurer can freely exchange information with a policyholder before resorting to a reservation of rights.
Post magazine - 22 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Airmic unveils new 90-day reservation of rights clause
The industry has backed a clause created by risk management association Airmic which gives insurers a 90-day cooling off period to freely exchange information with the policyholder before resorting to the reservation of rights.
Business interruption: Playing with fire
Confusion and costs have led to fewer businesses taking out adequate business interruption cover, putting them at risk of significant losses. How can the industry rectify the situation?
Ferma working party sets out timetable for European risk management certificate
The Federation of European Risk Management Associations intends to announce a definite plan for the European certification of risk managers at the Ferma Risk Management Forum in September 2013.
Airmic members increasingly rely on brokers for BI help, report finds
Airmic's members are becoming more engaged with brokers when securing the correct property damage and business interruption cover, but there is still some "ambiguity" as to who should check policy wordings.
Reservation of rights agreement close, says Airmic
Risk management body Airmic is close to launching a model clause on reservation of rights that it hopes will limit disputes on insurance payouts.
SMEs: A web of complexity
UK companies are quick to take advantage of technological advances to create new business opportunities, and the industry must get up to speed with the many and varied risks this brings.
Airmic members back commercial insurance law overhaul
The vast majority of Airmic members have backed the risk manager association's support for reforming the legal framework for commercial insurance - the 1906 Marine Insurance Act.
Cyber liability: Combatting cyber crime
From the £21bn bill for businesses to the inevitable reputation damage, cyber crime can have a devastating impact on UK organisations. So why do so few understand or act on the risks?
View from the top: The case for global programmes
Global programmes are one way for corporations with international exposures to get the right insurance in place to cover the risks of doing business.
Webinar: Containing the contagion - watch on demand now
The 2011 film Contagion made for some pretty scary viewing as a virus spread across the world wiping out the population.
China Property & Casualty Reinsurance to use AIR catastrophe models
China Property & Casualty Reinsurance Company has licensed AIR's typhoon, earthquake and multiple-peril crop insurance models for China to better manage its catastrophe risk.
Comment: Pulling off a balancing act
Will the proposals for reforming insurance contract law in the commercial arena stack up?
Airmic backs disclosure proposal
The Law Commission's proposal to water down commercial policyholders’ duty of disclosure has won the backing of John Hurrell, chief executive of risk management body Airmic, who believes that potential law changes will lead to a shift in the underwriting…
UK companies unprepared to deal with cyber crime
A workshop hosted by QBE has revealed that UK companies are ill-equipped to deal with cyber crime, despite its costing UK business £27bn a year.
Penny Black's Insurance Week
Penny lives it up in Liverpool
View from the top: Embracing talent
Leadership development is essential for the market's future sustained growth, says David Ross.
IRM excluded from talks over potential chartered status for risk managers
The Institute of Risk Management has been left in the dark over plans to establish chartered status for risk managers, currently being discussed between the Chartered Insurance Institute and risk management body Airmic.
Post magazine - 21 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
AIRMIC 2012: Risk managers want outcomes-based policies
Risk managers want policies based on outcomes not perils, according to Prudential's group insurance risk manager Helen Hayden.
Airmic 2012: Risk management crucial to M&A activity
Acquisition hungry firms can gain an edge if they effectively manage the inherent risks associated with the process, a joint Marsh and Airmic report has revealed.
Airmic 2012: Buyers unaware of cyber cover market growth
Insurance buyers are in the dark over the growing market for cyber risk cover, research by Airmic has revealed.
Airmic 2012: Reservation of rights model clause to be published
Airmic is to publish a model insurance contract clause to prevent insurers reserving rights on claims without due cause.