All AIRMIC Portfolio articles – Page 2
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AIRMIC Portfolio
Airmic 2012: Risk report 2012
Global economic instability and natural catastrophes are putting more pressure on the corporate supply chain than ever before. Recurring liquidity crises in the eurozone and last year’s Japanese earthquake highlighted how tightly stretched supply chains are within businesses worldwide. Globalisation is clearly a double-edged sword.In May 2012, StrategicRISK published its ...
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AIRMIC Portfolio
Meet AIRMIC's new chairman
Police officer, teacher, counsellor and leader – AIRMIC's new chairman!
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AIRMIC Portfolio
Not so dusty
Airmic’s travel special interest group has created an Eyjafjallajökull ash cloud resource for members, which is available on the Airmic website (www.airmic.com). It is collating relevant information from association partners and other sources, and offers an opportunity for members to exchange information.
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AIRMIC Portfolio
Between a rock and a hard place
Navigating the global casualty insurance market is not for the faint-hearted and has been the subject of an Airmic benchmarking survey and additional research by the insurer Chartis. They found that careful insurer selection is essential to satisfy three key areas of concern among risk managers in the current market ...
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AIRMIC Portfolio
Members back employers’ liability tracing
Although the change of government has created some uncertainty about immediate developments, Airmic has told the Department for Work and Pensions (DWP) that its members overwhelmingly support the creation of an office to trace historical employers’ liability insurers.Members also generally favour the idea of an employers’ liability insurance bureau, along ...
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AIRMIC Portfolio
Risk architecture: FIRM foundations
The way companies structure their risk governance and reporting varies materially, depending on the type of business and level of regulation. Yet, even in public companies that must follow formal corporate governance codes, soft skills such as good communication and persuasiveness remain essential to the risk management process.This is the ...
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AIRMIC Portfolio
Airmic academy gets to the board
Directors’ and officers’ cover is one aspect of insurance close to the hearts of board members. Between now and mid-September, Airmic Academy is offering three half-day education sessions on the subject that could help members take advantage of that opening to top management. The three sessions are ‘D&O –Explaining it ...
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AIRMIC PortfolioRisk events
A joint research project between CASS Business School and AIRMIC will help to close the gap between risk management theory and practice by identifying “risk events” and drawing lessons from them for risk managers and their companies. The initial results will be revealed at the AIRMIC annual conference in June. ...
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AIRMIC Portfolio
Employers' liability consultation
AIRMIC’s insurance steering group is planning to canvas members’ views as the basis of a a response to the consultation by the Department of Work and Pensions (DWP) on its proposals for an employers’ liability insurance bureau and an employers' liability tracing office and has been canvassing The measures are ...
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AIRMIC PortfolioSolvency II and business
The Solvency II reforms as currently proposed would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover, AIRMIC has warned ahead of final proposals from European insurance and pensions regulations, CEIOPS, on the implementation of the Directive. AIRMIC reiterated its support ...
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AIRMIC PortfolioBad behaviour
Employees behaving badly, controlling M&A costs, information security and financial crime, the fatal accident and how to persuade the CEO that risk management does make a difference. All these are among the workshops planned for the annual AIRMIC conference taking place in Manchester from 14-16 June under the theme ...
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AIRMIC Portfolio
Managing your reputation
Maintaining a good reputation with key stakeholders is an aspect of business where risk managers can play a critical role, AIRMIC believes, so it has joined forces with the London based consultancy Reputability with the aim of publishing a communiqué setting out the principles of good reputation management. Anthony Fitzsimmons, ...
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AIRMIC Portfolio
What they really want to know
Data protection, cyber risks, supply chain, business continuity and disaster recovery, director and officer, captives and claims issues are among the subjects that risk managers say they want to know more about from partner briefings, according to a survey of members to help plan the programme of events in 2010. ...
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AIRMIC Portfolio
SIGS are given overhaul
Experience has shown AIRMIC that members’ interest groups based on industry sectors are more sustainable than those for specific topics, so it has reorganised its special interest groups. The industry groups are: charities, construction, financial institutions, food and distribution, media, IT and telecoms, power, property, rail, retailers, travel and water ...
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AIRMIC Portfolio
Opening more doors
AIRMIC is making a concerted effort to deepen its involvement with all its members and to broaden its appeal to managers who have risk management responsibilities but not necessarily a risk management job title. Although AIRMIC now holds a range of events, chief executive John Hurrell wants to reach members ...
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AIRMIC Portfolio
Casting the net to secretaries
AIRMIC is offering free trial membership to company secretaries as part of a drive to bring the benefits of the association to a wider range of businesses and managers through an agreement with the Institute of Chartered Secretaries and Administrators (ICSA). Although the association already has a very high proportion ...
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AIRMIC Portfolio
The future is Live
Airmic consulted its members on its future activities via a dial-in telephone discussion as part of the Airmic Live! Series.The discussion was chaired by Lynda Lucas of Fujitsu, and the Airmic panel of chairman Paul Howard, chief executive John Hurrell and technical director Paul Hopkin outlined plans for the future ...
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AIRMIC PortfolioConsulting on captives
Although the European Commission accepted that the future regulation of captive insurance companies should be proportionate to their type of business, the definition of a captive in Solvency II is narrow and likely to affect non-EU domiciled captive insurers significantly, Airmic believes. Airmic’s captive special interest group is preparing a ...
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AIRMIC PortfolioFinancial crisis could happen again
The financial crisis could take place all over again, BBC business editor Robert Peston told this year’s Airmic lecture. Peston and Zurich Group chief economist Daniel Hofmann were joint lecturers in an evening concerned with the aftermath of the financial crisis.Quite a lot that needs to be done is not ...
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AIRMIC Portfolio
Combined code consultation
Should the board's responsibility for setting strategic risks be made more explicit?
