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Established 1996
Friday 02 December 2016

BREAKING NEWS

Risk of violent crime highest in Latin America

Weak political institutions, widespread drug trafficking and ineffective police and security forces see conflict stricken Afghanistan topping Verisk Maplecroft’s latest Criminality Index. However, as home to six of the 13 countries rated ‘extreme risk,’ Latin America ranks as the world’s highest risk region, ahead of South Asia and West Africa. Guatemala, Mexico, Honduras, Venezuela, El Salvador and Colombia all feature in the ‘extreme risk’ category of the index. A further five, including Brazil and Argentina, are categorised as ‘high risk.’

Black Friday puts cyber security in spotlight

Despite the apparent importance of online security, many consumers continue to make basic cyber security mistakes. Password hygiene is a continuing problem when shopping online, according to the 2016 Online Shopping survey from Centrify. Nearly 14% of respondents admitted that they share passwords with friends and family so they can login to their accounts, whilst over half said they save them to the retailer’s websites so as not to forget them. Over half also said that they only sometimes use different passwords for different retailers’ websites.

VIEW: On the voice of the risk profession

In recent years, the risk community has been calling for risk managers to have greater access to key decision making in their businesses – in other words having a voice at the top table. We are therefore delighted to see a growing band of evidence showing that the message is getting through. In a survey conducted by the Federation of European Risk Management Associations (FERMA) this summer, two thirds of the 634 respondents said they now report to board or top management level.

Other News Stories...

VIEW: Improving staff behaviours for better operational risk management

The last decade has been rich in financial scandals in both banks and multinationals alike; the rigging of LIBOR, the missale of financial products, the facilitation of tax evasion, to name but a few. Despite their range, these scandals oft en have three common features; they have persisted for many years; the scandals often, but not always, span a number of firms across an industry; and they typically involve the active participation of more than the odd rogue employee.

UK companies commit to post-Brexit innovation

As the UK develops its economic role in the world outside of the EU, companies are planning to bolster spending on innovation to drive business growth, gain a competitive edge and ultimately, raise productivity. Last year business invested almost £21bn on innovation. The challenge for businesses is that while the UK innovation system has world-class attributes, it does not currently match their ambitions. Businesses rate the UK as 10th in the world for innovation.

2017/8: Emerging markets to lead insurance sector growth

The global economy is expected to grow moderately over the next two years, supporting continued growth in insurance premium volumes, according to analysis from Swiss Re. Its 'Global Insurance Review and Outlook for 2017/18' forecasts growth in global non-life premiums to fall slightly from 2.4% in 2016 in real terms to 2.2% in 2017, and accelerate to 3.0% in 2018. Meanwhile in the life sector, global premiums are expected to grow by 4.8% in 2017 and 4.2% in 2018. The emerging markets, in particular emerging Asia, will be the main driver of premium growth in both sectors.

Executives at risk from growing anti-corporate litigation culture

New risks including rising regulator and shareholder activism and the influence of third party litigation funders are putting corporate leaders under more pressure than ever of falling foul of investigations, fines or prosecution over alleged wrongdoing.

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

Business resilience
Description
CIR speaks to FM Global’s Simon Baker-Chambers about business resilience in the waste-to-energy sector
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Industry News
Deborah Ritchie provides a summary of some of the latest stories in business risk, insurance and resilience
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