Insurers often face a number of hurdles when they make clients aware of the benefits of risk management. Apart from cost, the most common objection is that the organization isn’t ready, or that it will be too challenging to introduce a risk management culture. Here, Paul Godfrey sets out clear...
A Liquid asset: the risk management of liquefied natural gas In an issue of Premium that includes a market survey of Qatar, it’s entirely appropriate to devote a keynote risk management briefing to the state’s largest export – liquefied natural gas (LNG). Not only is Qatargas the world’s largest producer...
Liquid Petroleum Gas (LPG) is becoming increasingly popular as both a domestic and industrial fuel, and is also a cost-effective choice for many car and bus fleets. While burning ‘cleaner’ than petrol or diesel (emitting only 81per cent of the CO2 produced by a typical petrol engine), it requires safe...
Paul Godfrey presents a step-by-step guide for tackling the Property sector's No.1 challenge In the GCC, fires in warehousing and storage facilities are the leading source of claims in the Property sector. Yet in the United States, Singapore and Japan, for example, they are not even in the top ten....
The science of risk margins has been at the core of the insurance industry for more than a century – but now, new measurement techniques are bringing the discipline centre-stage. Premium spoke to PricewaterhouseCoopers about the key calculation strategies. In the last issue of Premium, James Portelli looked at how...
We can expect a positive trend in the MENA markets as the region’s political volatility enhances the importance of insurance and reinsurance, writes Iris Lai of A. M. Best Insurers and market consultants are finding that the stormy political climate in the Middle East and North Africa is creating a...
Post-financial crisis, Enterprise Risk Management is seen as the universal watchword that will protect our futures and make up for any shortcomings in traditional risk management. But is it the panacea it claims to be? Premium editor Paul Godfrey – a commentator on risk management for 20 years – is...
