A survey of 280 risk managers has found that 83% of European companies plan to increase their use of multinational programmes over the next three years because of concerns over rising exposure to emerging markets and the growing complexity of international regulations and compliance.
The international commitment to cope with the Ebola outbreak in west Africa has been stepped up in recent weeks as the United Nations and the President of the United States announced during a joint meeting that the virus has transformed from a medical emergency to a 'threat to global security'.
Analysis by insurer Beazley shows that employee error causes most data breaches but malware and spyware cases are more costly to deal with.
French insurance buyers will enjoy a favourable insurance market in 2015 with only a few lines set for higher prices or tighter conditions, according to Gras Savoye.
Lloyd's broker Tysers has estimated that P&I Clubs will raise premium by an average of 5% in 2015 on the back of a 'benign' 2013/14 year. Tysers also said that release calls from the International Group of P&I Clubs remain unjustified and warned of a deteriorating relationship and growing dissent within the group.
Leaders from government and business across the globe have sent a clear message to the world this week that climate change is a risk that cannot be ignored and, importantly, that they are ready to work together to bring down emissions through carbon pricing, said the World Bank at the UN Secretary-General's Climate Leadership Summit on Tuesday.
AIG announces new UK Head of Sales, Allianz brings US commercial P&C business into AGCS, Willis launches overseas healthcare solution for firms with few expats, Software provider Eurobase makes new appointments, Willis Re boosts Turkish offering with Gras Savoye agreement and RFIB appoints Martin Pyrke as Deputy SEO, Middle East.
Reinsurers in the Middle East and North Africa (MENA) are under increasing pressure as capacity flows into the market and insurers look to retain more risk, according to the latest MENA Reinsurance Barometer from the Qatar Financial Centre (QFC) Authority.
Middle East and North Africa (MENA) spend on information security will reach $1bn in 2014, an increase of 8% over 2013, according to Gartner, the US-based information technology research and advisory firm.
Brokers need to up their game and take on a wider risk advisory role in order to meet the growing needs of clients that now expect more from their intermediary partners, according to new report by PwC based on a survey of insurance buyers at multinational organisations.
Rate reductions were again the talking point at this year's Monte Carlo Rendez-vous of the international reinsurance market in Monaco. Despite few signs of a long-awaited market hardening the large reinsurers are confident that they can ride-out the continuing soft market.
Reinsurers that attended the Reinsurance Rendez-vous in Monte Carlo this week have indicated that they are willing to write more casualty business as traditional property catastrophe lines come under pricing pressure.
The Institute of Risk Management (IRM) has revamped its International Diploma in Risk Management to ensure students are better placed to tackle the rapidly changing risk landscape and equipped with the skills needed to meet today's new challenges.
Collaboration between risk managers and information security officers is vital in the fight against cyber risk that is still underestimated by many in top management, concluded a seminar on IT threats organised by a regional branch of AMRAE.
Reinsurers at the Monte Carlo Rendez-vous have indicated an increased appetite for cyber risks but said they will maintain standard cyber exclusions that are widely used in property insurance policies.
The Pan-Asia Risk & Insurance Management Association (Parima) is the youngest of the major organisations around the world that aim to develop and serve the risk management profession, but has wasted no time in setting about this task with purpose and vigour in Asia.