United Kingdom

Health and Safety Risk Management Review

PRIMO: This approach and methodology of Risk Management Partners and Gallagher Basset can result in a systematic and thorough picture of the actual health and safety aspects in a public organisation. It above all gives input for concrete management measures. The processes review and implementation are well interlinked and based on practical experiences. It is a tool for proactivity. Source: Risk Management Partners Overview Every working day in Great Britain at least one person is killed and over 6,000 are injured at work. Every […]

UK Cyber Risk Survey Report 2016

Source: Marsh Despite a 56% rise in boardroom ownership of cyber risk, the majority (64.6%) of UK firms are still failing to conduct or estimate the financial impact of a cyber attack, according to Marsh’s UK Cyber Risk Survey Report 2016. The report – which is based on the responses of risk professionals and CFOs from large and medium-sized corporations from across the UK – provides an in-depth study into UK organisations’ attitudes towards the cyber threat, the management control processes […]

Antarctic model raises prospect of unstoppable ice collapse

Source: Nature Choices that the world makes this century could determine the fate of the massive Antarctic ice sheet. A study published online this week in Nature1 finds that continued growth in greenhouse-gas emissions over the next several decades could trigger an unstoppable collapse of Antarctica’s ice — raising sea levels by more than a metre by 2100 and more than 15 metres by 2500. “That is literally remapping how the planet looks from space,” says study co-author Rob DeConto, a geoscientist at the […]

Scientist warns: ‘it will still take years to heal’

The Guardian The lessons of a landmark moment in climate research have not been learned. It is popularly viewed as one of the greatest environmental success stories of modern times. Exactly 30 years ago, UK scientists announced they had discovered a hole in the ozone layer in the atmosphere above Antarctica. The hole threatened to spread, allowing increased levels of cancer-causing radiation from the sun to reach the ground. Within a few years of the discovery it was agreed to set […]

Why Crossrail is a triumph for risk management

April 10, 2015, Strategic Risk Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with the board and senior management. At the end of March, Europe’s largest construction venture, Crossrail, initiated the final stages of building a 42km tunnel network under London. Six years ago, the project began with the construction of eight new stations and servicing of 38 existing stations to accommodate the new railway. The completed railway will stretch […]

Insurance Act 2015

The legislation will introduce fundamental reforms, including key changes to the duty to make a fair presentation When the Insurance Act 2015 comes into force in August 2016, it will introduce fundamental changes to UK insurance contract law. Risk managers will welcome the reforms and are being encouraged to prepare for the changes well in advance of next year. Airmic has urged the insurance market to implement the reforms as soon as possible and some insurers may be willing to apply the […]

UK cyber security: the role of insurance in managing and mitigating the risk

From the formal press release: “A new report has been published on the joint initiatives between government and the insurance sector to tackle cyber risk. Last year 81% of large UK businesses and 60% of small companies suffered a cyber security breach. A report published on 23 March by HM Government and Marsh, one of the UK’s leading insurance brokers and risk advisors, announces new joint initiatives between government and the insurance sector to help firms get to grips with […]

Manifesto for local economies

A thorough manifest focused on a fundamental shift in the way policy and economic development is designed, legislated for, strategised and delivered. The Centre for Local Economic Strategies is convinced that recent approaches do NOT have delivered strong enough social or local economic outcomes to deal with the issues many individuals and communities face. A clear statement. They plea (quoted from the report) for: More local control: CLES believes in devolution. However any devolution must be comprehensive and secure a more positive economic […]

The rising sea and value management

The Environment Agency in the United Kingdom analysed and concluded that the next 20 years coastlines will erode due to climate change and sea level rising and that the protection of properties is considered to be too high and that £1 billion  worth of properties will disappear as a result. Valuable properties are at stake and need a proper approach. Related articles Almost 7,000 UK homes will be lost to rising seas Rising sea to claim 7,000 properties New Environment Agency head Sir […]

Recession Watch, by IRM

“The Institute of Risk Management (IRM) has established a forum to collect and collate risk management related ideas and trends that are emerging from the recession. It includes information on how the recession is impacting both risk management systems and the role of risk managers: Recession Watch. The recession has an impact on everyone: the personal effects of recession can be devastating and organisations are changing the way they look at and apply risk management practices as a result of […]