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Established 1996
Thursday 22 June 2017

BREAKING NEWS


Archive Features

May 2017

With less than a year until implementation of the EU’s new General Data Protection Regulations (GDPR), businesses must be confident that they know how to pick a clear path through this potential minefield. Martin Allen-Smith explains how


April 2017

Cyber insurance is not new, but the approach to underwriting the risk is, and not a moment too soon. The nature of the risk is changing, uncovering new risks as it does so. David Adams takes a look at the evolving market


March 2017

Technological advance has seen an increasing role for telematics in managing motor fleet risk. Yet there are a few speed bumps in the way, reports Graham Buck, as he looks at the implications for provision of motor fleet insurance


February 2017

In ever more complex business environments, risk software is being deployed to address a widening array of challenges. The way in which the risks are being assessed and the tools accessed is also changing. David Adams looks at the market


January 2017

The prospect of robots replacing humans for some tasks has moved from science fiction to reality. Graham Buck considers how artificial intelligence and robotic process automation is impacting business


December 2016

Seismic shifts in risk scenario planning will be needed to address a multitude of emerging complexities throughout the coming year. Deborah Ritchie looks at some of the key issues


November 2016

This year’s AXA Corporate Solutions UK Client Forum was held to examine the role disruption may play in the insurance marketplace, what it may mean to the risk management role and how risk managers, insurers and brokers can prepare for it


October 2016

Trust is everything in insurance. Insurers, reinsurers, brokers and policyholders all need to have faith in each other and in the processes, systems and data upon which they all rely. There are lots of opportunities for things to go wrong.


September 2016

It is said that perception is all. And nowhere is this truer than with reputational risk. The influence of social media on both can be powerful – and must be understood if it is to be managed, or – even better – harnessed. Mark Evans considers the power of social media in a ‘post-truth age’


September 2016

The market for business continuity software is growing fast, with the US bucking the trend, and large companies leading the charge. But there’s still room for growth. Peter Davy examines developments in the market and finds some promising trends


August 2016

Amid ongoing uncertainty following the Brexit vote, how should UK businesses begin to review the potential impact on trade and regulatory risks? David Adams investigates


June 2016

Alarm bells are at last ringing to the potential consequences of unchecked evolution of the bacteria and viruses we now call superbugs since the UK’s Chief Medical Officer made the clarion call that brought antibiotic resistance to the fore. Trevor Morton writes


May 2016

The public sector is changing, with organisational shifts creating new paradigms. Managing risk in this fast-paced environment demands major multi-tasking, says Martin Allen-Smith


April 2016

The Industrial Internet of Things is bringing inevitable shifts in how insurers do business. Martin Allen-Smith reports on the attendant wave of opportunities and threats


March 2016

The launch of Flood Re has been preceded by yet another winter of record rainfall and widespread flooding. Graham Buck reviews the impact of a series of storms over three months


February 2016

This year will bring some of the most fundamental changes to insurance law in decades. Gill Wadsworth examines the changing regulatory landscape for the insurance industry, including the Insurance Act 2015, the Enterprise Bill, and Solvency II


January 2016

The November attacks in France’s capital demonstrated the changing profile of terrorism risk in Europe. But, Peter Davy says the lack of large property-related losses does not make it any easier for businesses to deal with terrorism risks.


December 2015

The insurance industry has a significant role in the rapid expansion of the commercial drone market. Meanwhile, there are also opportunities for more innovative insurers, brokers and loss adjusters to change the way they operate in this growing space. Helen Yates reports


November 2015

It’s all change in the marine cargo insurance market, with policy wordings changes resulting from new insurance contract law due to take effect in 2016. Graham Buck takes a look at the changes and the details the headline considerations


October 2015

The cyber insurance market may be growing, but it remains in its infancy. It will take work from both from insurers and businesses if it is to meet the challenges ahead. Peter Davy writes


September 2015

With worldwide capacity for standalone terrorism cover estimated at US$4.3bn, insurers’ appetite for terrorism risk is high. The risks remain equally as high – in the West as well as in other growth markets. Peter Davy looks at policy wordings and risk mitigation strategies


August 2015

Despite a chequered history and criticism from many insurers and reinsurers, the new capital adequacy rules are finally about to become reality, reports Graham Buck


July 2015

The facilities and systems that keep the country running are vulnerable to more risks today than ever before. The added element of cyber risk makes the landscape even more perilous. David Adams scans the CNI risks horizon


June 2015

Bad information, outrage and mob tactics make social media a difficult threat to manage, but there are some basic concepts you can use to reduce the risks, argues Mark Evans


May 2015

Economic necessity or environmental disaster? Fracking has made a slow progress in the UK, with government failing to win the public’s social licence to operate, and the right regulation in the UK. For underwriters looking at environmental liabilities, there are far more broad issues. Peter Davy investigates


April 2015

A staggering array of risks continue to threaten supply chain continuity globally. Joint and mutually beneficial strategies, including real-time cargo tracking, asset health management and big data are among some of the more innovative approaches to mitigating supply chain interruption. Helen Yates reports


March 2015

Smart cities are set to change our lives in ways we have little chance of predicting. Martin Allen-Smith examines the opportunities and challenges for risk professionals


February 2015

Deborah Ritchie speaks to Dr John Arthur, an expert in the design of applied risk reasoning systems for complex industries. He is currently director of his own consulting company which specialises in addressing the organisational psychology of risk reasoning, its impact on competitive strategic decision making and on operational development.


January 2015

Weather pundits are out in full force as we approach the official start of the UK winter, and after an already very wet 2014, a number of developments have been taking place to address flood risk. Are current efforts enough to dampen concerns? And if not, what can companies themselves do to minimise the impact of flooding, and where is the greatest concentration of risk? Peter Davy investigates


December 2014

As the year draws to a close, Marc Jones examines the political risk horizon and finds unrest in a number of countries only tilted towards further deterioration


November 2014

The last five years have seen enormous change in the cyber insurance market. Peter Davy takes a look at the development of cover and policy wordings in this fast growing market


October 2014

The marine cargo market is faced with soft conditions in insurance, but harder conditions at sea. Marc Jones writes


September 2014

A high degree of uncertainty due to fluid circumstances in the Middle East are the latest in a series of challenges in terrorism and political risk management, says Marc Jones


August 2014

Spending cuts, staff cuts, outsourcing debacles – not to mention politics – these are no easy times for managing reputational risk in the public sector


July 2014

David Adams takes a look at some of the latest mobile apps designed for the risk, insurance and business continuity marketplaces


June 2014

Declining North Sea oil reserves have led to a heightened interest in fracking. But with public opinion divided, Marc Jones finds out what the future holds for this energy source


May 2014

The strength of a firm’s brand and reputation depends on its ability to protect its surroundings and respond quickly when industrial accidents occur. Helen Yates reports


April 2014

Every cloud has a silver lining, but with the winter floods there were a lot of clouds, but only one comfort: it could have been a lot worse. Peter Davy reports


March 2014

As the pressure to provide around the clock availability mounts, Dave Adams looks at some of the options among managed hosting service providers in the UK


February 2014

How are companies protecting their ideas, their products, and ultimately the lifeblood of their business? Adam Bernstein examines the intellectual property landscape


January 2014

TRIA is generally accepted to have resulted in a stable market with terrorism cover widely available. Peter Davy looks at the potential fall out should Congress not renew


December 2013

As we start a new year, how is the risk software market placed to take on another round of challenges? David Adams finds out


November 2013

Regulators’ tougher stance on privacy and data will echo notification rules in the US and will drive much wider take-up of cyber insurance products. Helen Yates reports


September 2013

In a world that is increasingly reliant on technology, Adam Bernstein asks if our ability to manage the risks is keeping pace with a seemingly exponential rate of change


August 2013

Dwindling energy reserves, energy security fears and ambitious renewable energy targets call for radical steps in the energy arena. Insurers, too, have a vital part to play. Trevor Morton writes


August 2013

Gregory W Solecki looks at how effective disaster response can be achieved through a number of different, but equally effective, emergency management systems


June 2013

As the UK tries to chart a recovery whilst avoiding a triple-dip recession, something of a quiet revolution is occurring in the world of financial regulation.


May 2013

Trevor Morton examines the delicate nature of reputational capital in a new age of risk, where no two firms are the same, and one size does not fit all


April 2013

When Hurricane Sandy hit, a lack of confidence in the NYSE backup plan left the exchange unable to invoke, leading to the longest shutdown after bad weather since 1888. But every cloud has a silver lining, writes Peter Davy


February 2013

It is easy to forget moments when new technology really impressed you. Seeing the very first spreadsheet was one such wow moment. It was in 1980 when VisiCalc landed on these shores...


February 2013

Peter Davy takes a look at the latest initiative aimed at bolstering communication and cooperation between the emergency services and the private sector


February 2013

The recent horsemeat scandal brings the issues of supply chain risk management and product recall once again to the fore. Deborah Ritchie reports


February 2013

Helen Grimberg considers the emerging risk consequences for retailers of a changing legal and commercial reality


February 2013

Twenty years after the introduction of the Cadbury Code, what is its legacy and is it still fit for purpose? Helen Yates writes


December 2012

Social media is creating a paradigm shift in the way the world communicates. Defining exactly what that means is key in enabling its substantive opportunities


December 2012

A radical review of health and safety legislation, which looked set to reduce the burden of health and safety regulation on businesses, is now slowly taking shape amongst companies


December 2012

Peter Davy reviews the market’s reaction to the introduction of new international management systems standards for business continuity


December 2012

It is well known that incidences of fraud increases during a recession. For businesses, this includes fraud perpetrated by external parties and fraud from within. Helen Yates reports


December 2012

Deborah Ritchie examines how risk software is responding to businesses in evolving and competitive global markets


October 2012

Should insurers be able to avoid contracts in cases where the insured has not provided a completely accurate picture of the risk underwritten? This is a point for debate in the latest round of insurance law reform proposals


October 2012

The reform of disclosure and warranty rules signals the end for passive underwriting, writes Paul Lowin, but that is no bad thing for insurers, brokers and their clients as long as they are prepared to work together


October 2012

Europe’s largest ever single civil engineering project, Crossrail carries just as much risk as it does opportunity. Trevor Morton gets to grips with its ERM approach


October 2012

What impact has the recession had on continuity and recovery spend? Have these tough times led companies to spend more to protect what they have, or less, as belts tighten?


October 2012

Emergency and mass notification software is no longer used simply to share a piece of information with a wide audience quickly. Rather, it is a conduit for communication flows of all type. Deborah Ritchie looks at the developments and challenges in this changing market


September 2012

As the investigation into the Libor manipulation scandal establishes itself, Jon Guy assesses the potential impact on the D&O liability market


September 2012

Alongside other industry advisers, Peter Power has just spent three years working with the Cabinet Office and the British Standards Institution to produce the official guidance on crisis management, PAS 200. Here, he outlines his view on best practice


September 2012

Global political unrest and natural disaster are among the key causes for concern when it comes to travel security. Marek Handzel reports on the risky job of managing the global workforce


June 2012

As an international standard for business continuity management is launched, Graham Buck asks how much benefit global standards actually offer


June 2012

Without doubt the country's most anticipated sporting event is finally upon us. Much planning has gone into making this a safe and successful Olympic Games. Trevor Morton looks at the possibility of everything going off without a hitch


April 2012

The Titanic’s centenary saw the sinking of the Costa Concordia which could cost up to US$1bn. Graham Buck looks at the environmental risk and liability issues arising out of the largest ever maritime loss


April 2012

Harmonisation of EU data protection regulation sounds simple in theory, but in practice, may not be quite as straightforward. Peter Davy looks at the proposals


April 2012

With a big push in its preparations for Solvency II last year, the London market is now ready to implement. The question now is ‘when’? Helen Yates reports on the uncertainty surrounding Solvency II implementation


February 2012

After a year of tragic and costly catastrophes, a new report examines the possibility of a new ‘normal’ in high-impact, low probability events. Deborah Ritchie reports on the latest thinking from Chatham House


February 2012

A decade after the euro was welcomed in, there is very little to celebrate, and things are set to get worse before they get better. The impact on firms will only be managed if business leaders face the harsh realities.


February 2012

The use of armed guards on ships gained considerable momentum in 2011, driven by the increasing threat of piracy in the Gulf of Aden. But extensive due diligence is required to get the right security professionals on board, discovers Helen Yates


November 2011

The UK retail sector has shown strong growth over the last five years, despite an overwhelmingly gloomy picture overall. The UK also remains a pioneer in ecommerce within Europe, a position it should seek to maintain in these days of dearth. Deborah Ritchie reports


November 2011

Regulatory matters have long dominated the agenda for businesses, a trend that is not expected to abate any time soon given the impact of an uncertain economic climate. Deborah Ritchie looks at the frequency and nature of investigations


September 2011

We’ve become sadly accustomed to the increasing prevalence of civil unrest at the global level, but not quite so much in our own back yards. Deborah Ritchie reports on the turmoil that resulted in a series of riots in major cities up and down the country in August


September 2011

Many challenges have been overcome but security, transport and the long-time legacy are still major risk issues that will determine the success of the 2012 London Olympics


September 2011

Managing export compliance is mandatory, and governance failures can have far reaching consequences. Trevor Morton explains the key considerations


September 2011

New legislation from Brussels will have an impact on the way insurance and risk management will be conducted in the future, not only in Europe but far beyond. However the work behind Solvency II, let alone implementation, has been more than a struggle. Jon Guy reports


September 2011

Social media and networking have become a part of life. But what is their role in the business environment and how can businesses benefit from having a presence, while limiting the downside? Helen Yates investigates


July 2011

Deborah Ritchie looks at developments in the political risk arena following the killing of Osama bin Laden and events in the Middle East


July 2011

Lack of preparation in the run up to the deadline for the Bribery Act is not only a shock to industry commentators but a high risk strategy for those firms that fall into this astonishing majority, says Peter Davy


March 2011

As Japan continues to count the human cost of the Tohoku earthquake, attention is turning to the impact on the global supply chain. Deborah Ritchie reports


March 2011

While much of the debate surrounding cyber risk focuses on terminology, attacks themselves are becoming no less frequent. Peter Davy charts the progress of the silent assailant


March 2011

Like it or not, downturns are a catalyst for a significant risk in insurance fraud, but are a insurance companies doing enough to tackle it? Helen Yates investigates


February 2011

A torrent of regulations is starting to wash over the financial services industry. Trevor Morton asks how the industry is coping as directives for regulatory change and better risk management start to kick in


December 2010

The Government’s Comprehensive Spending Review look set to have a sweeping impact on firms of all shape and size. David Adams asks how that will play out in within business continuity teams and capacities


December 2010

Last month’s floods in Cornwall served to highlight the already thorny issue of flood defences, a key concern for insurers and underwriters following the Comprehensive Spending Review. Jon Guy writes


December 2010

Whereas catastrophe models were once a niche actuarial tool utilised by a small number of specialist catastrophe re/insurance companies, their use has spread widely through the industry. Helen Yates reports


October 2010

The recently updated National Risk Register features data and infrastructure security among the most pertinent of operational risk considerations. Peter Davy considers the impact on cyber liability


October 2010

Like it or not, cloud computing is here to stay, and embracing it seems the smart option for today’s organisations. But there are clear downsides.


October 2010

The changing climate presents a new set of risks for insurers, one of which has just partnered with a leading environmental organisation to examine these potential impacts. Jon Guy examines developments


October 2010

The emergency and mass notification software market may be fledgling, but there is already plenty out there to choose from. David Adams goes shopping


October 2010

The notorious Buncefield explosion led to a raft of prosecutions for environmental offences and record fines, the effects of which are being felt long after the oil storage depot disaster took place four years ago. Andrea Kirkby urges risk managers to heed the lessons


August 2010

Jon Guy considers the impact of the global economic crisis on political risk insurance


August 2010

The National Risk Register now cites cyber attack among the key threats that government and business should consider when preparing for risk mitigation. Nick Martindale considers the current risk level


August 2010

Arguably one of the most important pieces of legislation to be passed in recent years, the Bribery Act 2010 will soon come into force, with harsh penalties for those that don’t. Michael Veal explains how to prepare for it


August 2010

While this has not been the summer of discontent many feared it would be, employers should not rest on their laurels when it comes to the risk of strike action. Peter Davy explains why


June 2010

Every year thousands of consumer products, foods and medicines are recalled across the EU. In the current climate it is more important than ever for any consumer-facing company to drive down the cost of associated risks


June 2010

The eruption of the Eyjafjallajökull volcano in Iceland and subsequent ash cloud covering European airspace prompted daily reports of air traffic disruption. But how were other firms affected?


June 2010

Solvency II: Ball and chain or much needed anchor? Christopher Andrews investigates


June 2010

There is more to regulation than Solvency II. David Adams explains the relevance of the Insurance Mediation Directive (IMD), or IMD2; and the new Block Exemption Regulation (BER)


June 2010

The spate of major losses of earlier this year badly dented underwriting performance in property/casualty. Jon Guy takes a look at the market


June 2010

Peter Davy investigates the industry’s reaction to proposals for the Employers’ Liability Insurance Bureau


April 2010

In July last year the ABI reported that the cost of undetected fraudulent general insurance claims was £1.9bn a year, up 24 per cent from £1.6bn two years previous. Christopher Andrews charts the rise and rise of fraudulent insurance claim activity


April 2010

To stay competitive admit wider market turmoil, the insurance market is being urged to review the way it conducts business and raise professionalism among its participants. The CII has come up with a plan to achieve just that. Jon Guy takes a look at the Aldermanbury Declaration


April 2010

Nick Martindale considers the impact of the downturn on supply chain capabilities


April 2010

David Adams discusses how information management policies are putting organisations and individuals at risk of the wrong kind of publicity


April 2010

Governance is under scrutiny once again ahead of the review of the Combined Code. Peter Davy examines the parts Walker and Turnbull will play


February 2010

CIR considers the development of capabilities required to respond to the additional risks posed to businesses by London hosting the 2012 Olympic Games


February 2010

Experts predict a new cycle of innovation in technology. CIR investigates how this step change might affect power management and continuity and looks at what new solutions may be expected to follow


February 2010

The Copenhagen summit seemingly revealed no tangible plan to deal with the growing issue of climate change. What it did at least produce is insight into the realistic potential for progress. CIR explores the relative risks and opportunities


February 2010

The risk of piracy has put marine insurance firmly on the map in recent months. CIR looks at the effect this growing threat has had on pricing and capacity of marine and K&R cover


February 2010

The EU's Competition Directorate is moving to the next phase of its enquiry into the use of coinsurance in the Lloyd's and London markets, expressing its concerns over the ability of the following market to compete under the current rules. CIR asks what changes are likely and what they will mean for the market


December 2009

The narrative of the past ten years will be familiar to all our readers: a series of events, from Y2K through 9/11, Foot & Mouth and Buncefield to swine flu, which have collectively helped galvanise attitudes and lifted the industry's profile. How has this shift manifested itself in the FTSE 100?


December 2009

The practice of business continuity has changed dramatically in recent years and so too has the attitude towards pursuing it as a career.


December 2009

The latest efforts to tackle climate change represent a new challenge for many of the organisations affected by a new scheme. Peter Davy asks what the Carbon Reduction Commitment will mean for business


December 2009

The decade ahead should see less talk about enterprise risk management and more action


December 2009

Nick Martindale looks into preparations for Solvency II and investigates how technology is paving the way for compliance


December 2009

From April 2010, some large organisations will have to comply to new 'cap and trade' rules for energy use. Dave Lewis explains how businesses can manage the new Carbon Reduction Commitment Energy Efficiency Scheme


October 2009

H1N1, or swine flu, has been in and out of the headlines since the World Health Organisation (WHO) officially declared the beginning of the pandemic back in June. It is often proudly asserted that the UK is the best prepared country in the world when it comes to pandemic risk management. Deborah Ritchie investigates this bold claim


October 2009

Recovery provision has developed considerably during the last decade. David Adams looks at how customer demand and environmental pressures have brought about these changes


October 2009

Management standards have become a topic of much debate. Christopher Andrews tracks the progress of the most popular risk standards at home and away


October 2009

How has the downturn affected organisations' ability to maintain a resilient infrastructure? Nick Martindale considers how the market and attitudes are changing


October 2009

The ELD has been a real challenge for UK law, and the market looks like it won't take off until the first big case, but, as Peter Davy points out, a 'wait and see attitude' could do more harm than good; companies need to work out their liabilities now


October 2009

Directors' and officers' liability insurance was first developed when the world economy slumped in the 1930s. Graham Buck reviews how the cover is developing now hard times have returned


August 2009

With online fraud now worth more than £50bn a year worldwide, cash-strapped governments are still making new resources available for cyber security, reports Graham Buck


August 2009

While the terrorism threat risk was reduced last month from severe to substantial, the long-term threat remains. Buildings must be shock resistant, and security measures defined. Christopher Andrews reports on how business and government are attempting to achieve this


August 2009

David Adams reports on the impact of an influenza pandemic on the workforce, and on business continuity processes in general


August 2009

How can you tell the good guys from the bad guys? With fraud on the increase and the recession set to keep it that way for the foreseeable future, at least attempting to do so should be on all companies' agendas


August 2009

It's been a long time coming, but the first prosecution for corporate manslaughter has finally been brought. Peter Davy reports on the implications for business and insurance


2014-01-10

From floods and hailstorms in Central Europe and tornadoes, floods and wildfires in the US to intense cyclone activity in the Pacific Basin, 2013 brought as diverse a range of nat cats.


Mataco

Power transmission and distribution risk
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Mark Evans talks to Barry Menzies, head of MIDEL ester-based dielectric fluids, at specialist manufacturer M&I Materials, to discover how ester fluids can help reduce the risks associated with transformer applications.
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