August 20, 2019

Risk Management

Risk Management

A record year

NATURAL CATASTROPHES AND MAN-MADE DISASTERS IN 2011 Natural catastrophes and man-made disasters claimed about 35,000 lives, resulted in economic losses of over $370 billion and a loss of $116 billion to insurers in 2011. Swiss Re’s sigma reported 2011 as the second-highest on record since it started collecting the data in...

The highest priority: effective loss prevention in a secure setting

Many policyholders have specialist divisions requiring high security, such as credit card processing plants, cash collection centres and goods-in-transit depots. Providing accurate, successful risk management guidance can reduce risks, protect livelihoods, and build an off-policy revenue stream. Premium spoke to Aon International Risk Consulting about the key protocols and how...

Spreading the risk management message

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

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...

LPG – A Critical Case for Risk Management

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...

Warehouse risk assessment

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....

Risk Margins: building profit in a price war

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...

Risk protection IN MENA

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...

No Lack of Enterprise

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...

Previous Issue