All Strategic Risk Global articles in September 2009 StrategicRISK – Page 3
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AnalysisForeign investment slumps in developed economies
The UK saw its foreign investment halve while investment in the developing world surged by 43% in 2008
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Online onlySEC launches new unit to police market risk
University of Texas School of Law Professor Henry Hu will head up the Division of Risk, Strategy and Financial Innovation
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Online onlyFrench banks oppose G20 capital plans
Bigger capital buffers would put European banks at a disadvantage, they say
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Online onlyBrokers fail to combat bribery risk
Despite Aon’s massive fine commercial insurance brokers are still not tackling bribery, according to a regulatory inquiry
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Online onlyUK unemployment reaches 2.47m
The unemployment rate reached 7.9% and is expected to continue to climb to 10%
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Indonesia
Non-admitted insurance: Prohibited. A person found responsible for transacting non-admitted insurance may be subject to a fine and imprisonment.Regulator: The Ministry of Finance.Overview: In Indonesia, a buyer may be exposed to taxation on any compensation paid by an overseas insurer which is treated as unearned income. Overall risk rating: high
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China
Non-admitted insurance: Prohibited. Insurance can only be placed with a company licensed to conduct business in China.Premium tax paid by insured: None known. But insurers pay a 5% business tax to the government based on net income. There are also local taxes that vary by region/city ranging from 0% to ...
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New Zealand
Non-admitted insurance: Permitted. Premium tax paid by insured: 12.5% on premium plus Goods and Services Tax.Regulator: The New Zealand insurance industry is overseen by the Insurance and Superannuation Unit of the Ministry of Economic Development.Overview: New Zealand has undergone massive reforms over the past two decades. Compared with its larger ...
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Features
Under pressure
Chaired by Nathan Skinner, this round table discussion in association with AXA looks at the current challenges facing risk management practitioners
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Features
Sing your praises
Risk management is under attack as companies seek to cut back. Risk managers need to take every opportunity to show what they deliver, says Garry Taylor
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Features
Taxing issues
In Europe, the Kvaerner ruling set a legal precedent that companies must allocate premium to where the risk is located. Praveen Sharma examines the challenges and offers some helpful suggestions
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FeaturesThe gold standard
Alex Dali and Christopher Lajtha offer some practical tips for responding to the new risk management standard ISO 31000
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Features
Get your facts straight
Collating information on claims and ‘near misses’ can improve your risk profile. Simon Challis reports
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FeaturesThe underwriter evolves
The factors that drive underwriters are changing, and corporate insurance buyers who adapt will make their companies a more attractive risk, says Raj Ahuja
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FeaturesThe view from Europe
Nathan Skinner summarises what is happening in Europe’s risk management associations
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FeaturesGaining credit
Throughout the production and supply chains, credit lubricates transactions. But oiling the wheels is getting more difficult now, Tony Dowding writes
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AIRMIC Portfolio
Combined code consultation
Should the board's responsibility for setting strategic risks be made more explicit?
