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NewsRecruitment of chief risk officers across all industry sectors is ‘need of the hour’
Leading risk professionals call for listed companies to have mandatory c-suite risk experts on their boards as market feedback suggests that chief risk officers are still viewed as a ‘novelty’ or ‘an exotic creature’
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NewsMore captives set to focus on wellbeing linked people risks to mitigate lack of risk transfer options
Traditional captives are gaining traction – but for businesses unable to fund such models solo, future innovation could see ‘a land version of P&I clubs’ come to fruition, predicts chief governance and sustainability officer
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NewsUK businesses fear cyber risk surge amid a ‘complex web’ of interconnected risks – Marsh
To combat greater interconnectivity of risks, organisations are ‘shifting from siloed risk programmes to scenario‑based planning and integrated frameworks that combine technical controls, people and process,’ says broker’s chief executive for UK corporate and commercial
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NewsRetaining versus transferring risk: Data focused captives can be complementary buffer to plug emerging risk coverage gaps
Risk experts predict that captives will continue to grow in popularity as a tool to make hard to write risks ‘palatable’ for the insurance market – particularly during hard market cycles
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NewsWhat is the ‘biggest constraint’ in the captive model?
Although captives are becoming a more sought-after tool for risk managers, global organisations face jurisdictional hurdles when trying to establish a multinational programme, agree expert panellists
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News‘Torture’ of ground handlers: How airlines’ underinvestment in ground staff and leaders is driving sky-high people risks
‘You don’t need to be a futurist to recognise the likelihood that things are just going to go wrong out there because we don’t spend the time investing in our people,’ says director
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NewsFive-year trajectory: Captives set to become ‘centre’ of risk transfer strategies to ‘create insurability’ for small to mid-sized global firms
The intelligent use of captive arrangements could be ‘a means to a solid risk management strategy, actually moving the lines of insurance’ and driving ‘a structural shift in how international insurance programmes are designed, operated and valued’, says chief markets officer
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NewsAviation underwriters issue collaboration call to action around policy wordings
With aviation policy wordings ‘written decades ago’ and deemed ‘pretty much insignificant now’ against current sector aircraft and risks, underwriter recommends collaborative committee as a beneficial model to bring the class up to date
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NewsNew UK crypto rules will reshape risk management for digital asset firms
Incoming UK regulation for cryptoasset firms will force businesses to strengthen governance, compliance and risk controls, creating new pressures for CFOs while potentially reshaping competition across the sector.
