Businesses are missing an opportunity when insurers send risk surveyors around because they regard them with undue suspicion. Richard Radevsky, senior consultant at CTC Service ...
Businesses are missing an opportunity when insurers send risk surveyors around because they regard them with undue suspicion. Richard Radevsky, senior consultant at CTC Services told Airmic delegates that surveyors should be seen as a cost-free source of expertise and that companies should volunteer more data.
Firms that set out clear ethical standards tend to be more successful and better able to manage risk successfully. Institute of Business Ethics director Phillipa Foster-Back said that ethical behaviour improves the culture of the organisation, and that successful risk management is all about cultural change.
Supply chain fears
Business continuity, particularly in relation to supply chains, is one of the biggest challenges facing industry today. Marsh senior risk management consultant Tim Cracknell said that loss of production at one supplier can have wide-spread knock on effects. Risk managers must pay attention to the robustness of their supply and the fact that insurers are no longer willing to provide unlimited cover in relation to these.
Claims by email
GAB Robins' online claims management suite, EYE Risk, is now able to email risk managers details of new claims. EYE risk will deliver immediate details of incidents that need to be monitored closely or reported to the board of directors.
New IRM syllabus
The Institute of Risk Management (IRM) relaunched its educational syllabus at the conference. The revised syllabus will be ready for students beginning their studies in September. It will contain five new core subjects, aligned with the new risk management standard.
Marsh stand win
Marsh won the prize for the best exhibition stand. The broker offered delegates free fruit smoothies and the opportunity to have their faces caricatured by the resident cartoonist.