Risk & Insurance

RISING TO THE MOMENT   By Paula Green   Martin Senn became chief executive officer of Zurich Insurance in January 2010 after joining Zurich as chief investment officer in 2006. A Swiss citizen and career international banker, he spent 18 years ...

BEHIND EVERY CLOUD...   By Paula Green   Financial scandals, earthquakes, hurricanes, terrorist attacks and tsunamis generated some important lessons for the worlds of insurance and risk management. The challenge now is coming to grips with a world where vulnerabilities are expanding. ...

A NEW REALITY   By Al Modugno   Corporate liability risk is increasing as jurisdictions around the world adopt liability laws that mimic the stringent framework in the US.   Just over two decades ago, the European Commission began the ...

SEARCHING FOR THE SILVER LINING   By Al Modugno   The European sovereign debt crisis is causing rates to rise for trade credit insurance, and demand is increasing—particularly in emerging markets.   Since the global financial crisis of 2007–2008,demand for ...

SAFE LANDING   By Paula Green   With new regulations and tighter enforcement that could lead to more corporate legal action, many companies are increasing their cover for directors and officers insurance.   Most corporate risk officers should still enjoy ...

ENVIRONMENTAL INSURANCE: GLOBAL EXPOSURE MANAGEMENT   By Anita Hawser   Environmental risk insurers are offering more sophisticated solutions and a broader range of coverage amounts.   A fire broke out at a chemical plant in Moerdijk, Netherlands, in January 2011. ...

AUTOMATION, TAXATION AND RISK REDUCTION BY Denise Bedell Risk management and technology were key themes of the annual AFP conference in Boston in November.   Jegher, Celent: Only a fraction of banks now offer corporate mobile banking solutions The annual ...

MILESTONES: GLOBAL   By Anita Hawser   While the focus at the moment may be on bailing out indebted countries in the eurozone, one of the legacies of Lehman’s collapse is the need for systemically important financial institutions (SIFIs) to ...

MILESTONES: GLOBAL   By Paula L. Green   Financial industry regulators better have their feet on the ground—and a sound understanding of the links between the banking and insurance sectors—when they lay down new rules meant to bolster the troubled global financial ...

INSURANCE: POLITICAL RISK COVER   By Anita Hawser   Recent events in the Middle East and North Africa have brought political risk into sharp focus for multinationals in the region and beyond.   It was the morning after the Japanese ...

FOCUS: RISK CONSULTING   By Paula L. Green   Companies are showing increasing interest in employing risk consultants to help them manage their exposure.   As they protect employees, property and supply chains flung around the globe, corporate executives are ...

UPDATE — ENVIRONMENTAL RISK INSURANCE   By Paula L. Green   Demand for environmental and climate-change-related insurance is set to rise sharply.   Along with more government regulations meant to rein in multinationals’ damage to the environment, the heightened public ...

GLOBAL   By Anita Hawser   State Street’s Will Kinlaw Stress testing risk models and investment portfolios for extreme market events has certainly come into vogue in the wake of the financial crisis. Banks’ risk models were criticized for focusing ...

INSURANCE FOCUS   The fallout from the financial crisis is prompting risk managers to take a cold, hard look at their insurance providers. Many do not like what they see.   By Paula L. Green     Don’t let that ...

Preparing For The Worst   Multinationals are reassessing their business continuity plans as the global economic turmoil continues.   By Paula L. Green   In an increasingly intertwined business world with far-flung supply chains stretching across myriad time zones and ...

A WHOLE NEW BALL GAME   Businesses need to develop a new range of tools if they want to achieve truly holistic risk management.   By Denise Bedell   The world of risk management has changed drastically as a result ...

In the wake of the near-collapse of AIG, many companies are taking a much closer look at the health of their own insurers.   By Paula L.Green   Corporate risk officers are asking more questions, checking more documents, diversifying their ...

    Risk management is still not considered a core strategic function at some of the world’s biggest investment houses, according to a survey by research group SimCorp StrategyLab. Despite all the talk given to the importance of risk management ...

FOCUS ENTERPRISE RISK MANAGEMENT   Risk managers are heading back to the drawing board after finding their systems were incapable of flagging up the perils that have brought the financial and corporate worlds to their knees.   First developed more ...

CORPORATE TOOLBOX / POLITICAL RISK In recent years, political risks facing multinationals have grown more significant. Corporations are far from blameless in creating that risk, though.     Heightened tensions: Multinationals in countries such as Venezuela face growing risks. With ...