Subscribe to our e-newsletter
Privacy and cookies
Established 1996
Saturday 30 July 2016


Brexit: No recession despite slowdown – PwC report

Following the vote to leave the EU, the UK economy is expected to face challenges in the short term, but will narrowly avoid falling into recession. This is according to fresh analysis from PwC. Recent high levels of uncertainty, it says, will lead to a slowdown in business investment and lower GDP growth, leading the firm to revise down its main scenario real GDP growth projection for the UK to 1.6% and 0.6% a year in 2016 and 2017 respectively, down from 1.9% and 2.3%. Quarter-on-quarter growth could fall to around zero in the last quarter of this year and the first quarter of 2017, but the UK would narrowly avoid a recession. Growth would then gradually pick up later in 2017 and beyond.

AIG modifies D&O to cover Brexit challenges

AIG UK has announced an addition to its D&O policies that will cover costs not paid for by the company for legal challenges in the event of permanent residency applications being rejected pre Brexit. The insurer says its new policy will also cover the subsequent challenges to repatriation orders post Brexit

Amazon rolls out drone delivery test programme

Amazon has announced a partnership with the government to explore the steps needed to roll out the delivery of parcels by small drones. A cross-government team supported by the UK Civil Aviation Authority (CAA) has provided Amazon with permissions to explore three key programmes including beyond line of sight operations in rural and suburban areas; the testing of sensor performance to ensure the drones can identify and avoid obstacles; and flights where one person operates multiple highly-automated drones.

Other News Stories...

Bluestone advances cloud-first strategy

Enterprise cloud infrastructure provider, Iland, has won a contract to provide Bluestone Group with DRaaS as it transitions to a cloud first strategy. The multi-national financial services company says it relies on iland’s DR with advanced security to safeguard essential IT systems, achieve compliance and reduce costs by 40 per cent

VIEW: Risk and failures of communication

Culture is about the values and behaviours adopted when a group of people come together in a common purpose. Risk is a threat to objectives or, to put it another way, a threat to that purpose. And one way of making sure that those risks are mitigated is to provide the information and knowledge that will support good risk-based decisions.

Risk Management Awards 2016: Deadline extended

The deadline for entries for the CIR Risk Management Awards has been extended to midnight on 27th July 2016. As always, the awards are free to enter and organisations, individuals and teams are encouraged to submit their nominations now.

VIEW: Difficult decisions and the bottom line for public services

This is a pivotal time for risk managers in the public service arena. Public service organisations have had to reassess their risk appetite in light of the pressures on resources that 10 years of austerity have brought about. Difficult decisions are being made about the future shape and sustainability of a whole range of public services. These decisions all bring higher levels of risk.

Riskonnect wins Vodafone contract

Risk management solutions provider, Riskonnect has won a contract to provide Vodafone with a fully mobile application to provide a complete view of risk across the enterprise. “Riskonnect met all of our requirements of a GRC tool, including flexible design, intuitive interface and the ability to work anywhere, on any device. Their understanding of our needs and ability to quickly implement these on their system gives us great confidence for...

Business resilience
Business resilience

CIR speaks to FM Global’s Simon Baker-Chambers about business resilience in the waste-to-energy sector

Latest News Headlines
Industry News

Deborah Ritchie provides a summary of some of the latest stories in business risk, insurance and resilience

Most read stories...
World Markets (15 minute+ time delay)
FTSE 100
Nikkei 225
S&P 500
Crude Oil



Download the latest
digital edition of
CIR Magazine