Insurance & Risk Management 2013
In our Insurance & Risk Management Roundtable 2013 we spoke to ten experts from around the world to analyse the changes and developments we have witnessed over the past year along with what we can expect to see in the near future. Highlighted topics include the emergence of new challenges, policy renewals and due diligence in a firms supply chain.
Click or drag up to four experts into the centre of the table to read and compare their responses.
Rehana Box
Louise Canrtill
David Kearney
Carol Lyons
Michael Pryce
Alfred Bergbauer
Paul R. Koepff
Paul Wordley
David Disiere
Martin Mankabady
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All questions
1) From your own perspective how is the risk management environment changing? 2) What challenges face the industry when it comes to insuring against risk? 3) Have there been any recent regulatory changes or interesting developments in your jurisdiction? If so, are there any compliance issues involved with this? 4) Is it merely enough for an organisation to operate with a risk-management framework that is heavily related to compliance? What strategies or frameworks are currently proving effective? 5) How do you acquire the perfect balance between the amount of risk you accept before you expose the organisation to real danger, while at the same time ensuring that they are secure without exceeding budget or impeding the operations? 6) Risk management is a critical part of product liability. What are the best ways to safeguard your business against litigation? What risk management myths and misconceptions currently exist? 7) How important is it for a firm to carry out due diligence in their supply chains? 8) Is it fair to say that risk management and insurance are not aligned closely enough in many organisations? 9) Can you outline how to select the limit for D&O policies along with the main issues which need to be addressed within? 10) What are the key types of business insurance and what aspect of insurance do firms frequently neglect? 11) When should an organisation safeguard themselves with financial reinsurance or alternative risk transfers? 12) Can you outline any other significant political risks for businesses and investors? 13) How frequently should an organisation renew their policies? 14) What key trends do you expect to see over the coming year, and in an ideal world what would you like to see implemented or changed?
