Risk Management

Risk Management

Risk Management RM Function

Two sector second quarter reports the Insurance and Pensions Commission (Ipec) has published so far and high on the list of threats to the insurance industry is Compliance Risk. By Donald T. Chidoori Compliance is about ensuring that ...
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Risk Management RM Function

By Ben Norris  Five of the world biggest risk management associations – Ferma, Rims, Alarys, Parima and Irmsa – have signed a letter of intent to work towards mutual recognition of their respective risk management certification or designation programmes. ...
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Risk Management RM Function

The “effect of uncertainty of objects” makes a company suffer. Without prior knowledge of possible risks and ways to mitigate them, companies and organisations often incur losses. These risks could be legal risks, credit risks, risks from natural ...
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Commerce Commercial Lines Commercial P & C News Risk Management RM Function

By Stuart Collins Business travel risks are increasing and becoming more complex, with a bigger role for risk managers in mitigating the threat, according to a new report and survey from Ferma. According to the survey of more ...
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Funeral News Risk Management RM Function

One of the most daunting tasks of the Insurance business is to detect and evaluate risks that may affect the bottom line. Even when the risk has been recognized, its effect can be challenging to compute, yet it ...
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Life Insurance News Reinsurance Reinsurance & Capital Markets Reinsurance Markets Reinsurance Outlook Risk Management

The Insurance and Pensions Commission’s (Ipec) 2nd Quarter Life Report showed that Grand Reinsurance life business had a large underwriting loss as a result of substantial claims. Ipec reported that the firm which recently registered as a Life ...
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News Regulation Risk Management

Tax is an issue that financial services business leaders cannot avoid. However, given the critical role played by the financial sector to the economy, the tax practices applicable to this sector should not inhibit the same sector’s ability ...
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Captive Risk Risk Management

A captive insurance company is a subsidiary established by one or more commonly-owned businesses to insure the risks of the controlling entity and/or its affiliates or its individual owners. Businesses have been using captives for decades as a ...
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Agents & Brokers Loss Control News Risk Management

Founder and Managing Director of Coverlink Micro Insurance Abel Munhande says that livestock is one of the most important assets, and the most common store of value for communal farmers or subsistence farmers in Zimbabwe, yet very few have ...
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Captive Risk Risk Management RM Function

A Captive Insurance Company (captive or CIC) is a property and casualty insurance company established to provide coverage primarily for a parent company. It can be a valuable risk management tool which allows businesses to more effectively manage ...
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