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Institute of Risk Management professionals identify key risks on horizon for 2019

Cyber security, Brexit, geopolitics and financial market fluctuations are among the chief concerns for businesses voiced by some of the UK’s leading risk experts as they look ahead to 2019. Senior members of the Institute of Risk Management (IRM) have identified key risk areas...
Posted On 15 Jan 2019
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Updated Joint Code of Practice clarifies requirement for EN 54-compliant fire alarms

The ninth edition of the Fire Protection Association’s Joint Code of Practice reinforces the need for construction site fire alarm systems to meet EN 54. That’s the considered view of Nottingham-based wireless technology expert Ramtech Electronics. Version 9 of ‘Fire...
Posted On 27 Oct 2015
The survey findings highlight the crucial role of intelligent data matching in fraud prevention
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Cross-sector fraud data “could unlock millions” in additional insurance savings

Fraud data from other sectors can help insurers identify and tackle policy application and claims fraud, reducing the financial impact of insurance fraud on the industry and genuine customers. That’s the considered view encompassed within a new report from Cifas and Hill...
Posted On 26 Oct 2015
The IRM’s Internal Model Industry Forum is launching two guidance booklets for risk professionals operating in the insurance sector
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IRM and ORIC International publish guidance notes targeting operational risk for insurance sector

The Institute of Risk Management’s (IRM) Internal Model Industry Forum (IMIF) has launched two guidance booklets: Operational Risk Modelling: Common Practices and Future Development (created by ORIC International and the IRM) and Diversification Benefit: Understanding its...
Posted On 23 Jul 2015
Cyber risk tops the list of concerns for UK insurers
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“Cyber risk is Number One concern for UK insurers” outlines new CSFI/PwC Survey

According to the annual ‘Banana Skins’ survey of perceived risks to the sector conducted by the Centre for the Study of Financial Innovation* (CSFI) and PwC, cyber risk tops the list of concerns for UK insurers. The UK’s insurance industry shares the global concern about...
Posted On 20 Jul 2015
The report entitled: ‘UK Cyber Security: The Role of Insurance in Managing and Mitigating the Risk’ is based on input from 13 London insurers and a number of large companies
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UK Government and insurance sector unveil joint initiatives to tackle cyber risk

Last year, 81% of large UK businesses and 60% of smaller companies suffered a cyber security breach. Now, a detailed report published on 23 March by Her Majesty’s Government and Marsh – one of the UK’s leading insurance brokers and risk advisors – announces new...
Posted On 25 Mar 2015