risk policy & strategy

The development of Cyber Insurance

Cyber Risk & Insurance Forum (CRIF) “In Boardrooms around the world cyber insurance is an important subject that is gaining in profile and importance. In this article Daljitt Barn, Cyber Director of PwC, looks at the how the Cyber Insurance Sector has evolved over the past four years and what the next few years may bring. For purists out there, I acknowledge that what might be termed Cyber Insurance has been around as a specialty line for some years. More recently […]

Migrant deaths may force Europe policy change

Times of Malta The outrage Europe’s leaders face over the deaths of hundreds of refugees trying to reach its shores may force a shift in a policy critics decry as letting people drown to deter others in desperate need. The moat that the Mediterranean forms between Fortress Europe and less fortunate neighborus may become slightly less forbidding, even if the focus will still be to discourage the crossing in ways other than raising the risk of dying at sea. Scrambling […]

La collectivité dans la Troisième Révolution Industrielle

3 mars, 2015, PRIMO France Vers une nouvelle revolution industrielle La Première Révolution Industrielle naît de technologies mécaniques utilisant la vapeur d’eau comme force motrice, permettant l’essor de transports rapides et augmentant la vitesse de communication tout en réduisant les coûts d’impression. Locomotives, presses rotatives et linotypes sont quelques-uns des outils mis à disposition, et ont favorisé l’alphabétisation de masse et la communication, en convergence avec une volonté politique d’enseignement public. Tout ceci contribue à faire émerger une main d’œuvre […]

Preparar al sector público para la gobernanza de riesgos

La gestión de riesgos ocupa un lugar cada vez más importante entre las prioridades de los gestores públicos. En un contexto como el actual, en el que los organismos públicos persiguen la máxima eficiencia, diversifican sus herramientas de servicio público y desarrollan múltiples colaboraciones, la gestión de riesgos se ha convertido en un elemento ineludible para la correcta gestión pública, ya que consigue optimizar los recursos y facilita la consecución de objetivos. Gérard Combe, Vicepresidente de PRIMO Europe (Public Risk Management Organisation) y fundador de […]

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 […]

Malta: Risk Assessment

Source: Global Edge Resilient growth but dependent on European demand Malta’s economy is the most open in the EU after Luxembourg. Growth still depends on the economic situation in the rest of the EU, which absorbs nearly half of exports. The production of electronic components and exports of pharmaceuticals are expected to remain buoyant in 2014. Moreover, the strong tourist industry (25% of GDP) still supports the services sector. The number of holidaymakers (85% coming from Europe) has been growing […]

Paris should prepare now for risk of a costly Seine flood

January 24, 2014, Organisation for Economic Co-operation and Development (OECD) Quote press-release: “24/01/2014 – A major flooding of the Seine River similar to the flood disaster of 1910 could affect up to 5 million residents in the greater Paris area and cause up to 30 billion euros worth of damage, according to a new OECD report. Economic growth, jobs and public finances could also be significantly affected. The OECD Review on Flood Risk Management of the Seine River – commissioned by the […]

Expectations of Risk Management Outpacing Capabilities

It’s Time For Action By KPMG About the survey In December 2012, the Economist Intelligence Unit carried out a global survey on behalf of KPMG international. This survey gathered data from 1,092 respondents around the world in a closed-ended online questionnaire. All were C-level executives: 28 percent were Chief executive officers or equivalent and 18 percent were Chief Financial officers, the two largest groups. Five percent were Chief risk officers. If you combine those in the risk function and departments that […]

El Ayuntamiento de Getafe gana el Premio Udite

Es esta la Segunda edición del premio que se otorga a entidades locales por su gestión en las categorías de Bienestar Social, Bienestar económico, Bienestar ecológico, Gestión y Gestión del Riesgo. La votación final, tras un largo proceso de selección que se inició en junio de este año, tuvo lugar el pasado lunes 5 de octubre en Bruselas, en el marco de las Jornadas de Puertas Abiertas del Parlamento Europeo, en las que estuvo presente la Federación de Directivos Territoriales […]

Managing the business risks of open innovation

Focus on the factors that could redefine intellectual-property competition in your industry. Source: McKinsey Quarterly Authors: Oliver Alexy and Markus Reitzig Several years ago, something interesting happened in the infrastructure software sector: IBM and a number of other companies pledged some of their own patents to the public to create IP-free zones in parts of the value chain. They did so when a 2004 report showed that Linux, the open-source operating system that had emerged as a viable, low-cost alternative to established […]

Adaptation to climate change: strategy and policy

Today The Dutch General Court of Audit (de Algemene Rekenkamer) published its report on climate change. It seems obvious that crucial connections between area’s of policy and countries are missing, long term insights remain unclear and that risks are increasing and emerging from there.This report is actually a call for creating connections. The conclusions (quote): Not all climate risks covered by policy Successive governments have taken steps in recent years to adapt the Netherlands to climate change. But the policy […]

Recession deniers should shut up as down we continue to go

David Blanchflower makes the case for an immediate increase in public investment in building. The drop in gross domestic product of 0.7 per cent in the second quarter of 2012 was greeted with incredulity by those who have been saying for months that the UK is not in a double dipper when we obviously are. Business and consumer confidence and lots of other measures have been in recession territory for a year. The latest industrial production figures suggest only a […]

Managing Risks: A New Framework

Source: Harvard Business Review Author: Robert S. Kaplan and Anette Mikes Editors’ Note: Since this issue of HBR went to press, JP Morgan, whose risk management practices are highlighted in this article, revealed significant trading losses at one of its units. The authors provide their commentary on this turn of events in their contribution to HBR’s Insight Center on Managing Risky Behavior.

Press release RMP and PRIMO start partnership

‘Risk Management Partners (RMP), a leading UK company in the public sector to provide individually insurance programmes, integrate claims management, information management and risk control services that will reduce cost of risk in the medium and long term and Public Risk Management Organisation (PRIMO) have decided to start a dedicated partnership for 2011 and 2012. The partnership of RMP and PRIMO is focused on strengthening the dissemination of relevant public risk related information in the Dutch and English language area’s […]

Risk Returns

This book was published for launch at the third Session of Global Platform for Disaster Reduction (GPDR) and it is the latest in a series of volumes addressing natural disasters, and how their impact can be reduced by effective capacity building and prevention strategies. Source: United Nations International Strategy for Disaster Reduction (UNISDR)

The UK Government response to “Response with Responsibility”

The UK Government response to “Response with Responsibility: Policy making for Public risk in the 21st Century” Source: UK Department for Business, Innovation & Skills, December 2009 Summary (quote) “The Government welcomes the Risk and Regulation Advisory Council’s (RRAC) report. The Council have delivered tangible results, and have moved the debate on public risk significantly forward. They have shown how policy makers can ensure that their policies benefit from a more rounded consideration of public risk. They have delivered practical […]

Response with responsibility

Policy-making for public risk in the 21st century Source: Risk & Regulation Advisory Council Part of Summary (quote) “The Risk and Regulation Advisory Council has been leading an experimental offensive against the mishandling of risk in society. It looked at how distorted perceptions of risks can encourage poor policy-making and unnecessary laws, leading people to feel that Government is interfering too much in their lives. The Council identified five trends that contribute to breakdowns in the appropriateness and effectiveness of […]

European civil protection heads to meet in Malta

Source: Times of Malta ‘The heads of the national civil protection authorities of 27 EU Member States and the 14 Mediterranean and Balkan partner countries will meet in Malta on Wednesday for a mid-term review of the actions carried out by the Preparedness and Response to Natural and Man-made Disasters (PPRD) Programme and to endorse the proposed work-plan for the year 2011. The meeting, that will sum up the activities carried out by the programme during the first 18 months […]

EU policy guru: ‘Austerity plans risk stifling growth’

What risks are actual embedded in the approach of our public debt. It is clear that we should listen to one another, because one strategy seems not to fit all. Our public leaders Sarkozy, Obama and Merkel circle around the facts and the different strategies. This article shares a light on the different angles and aspects of the different approaches. Source: EurActiv “Austerity measures to cut public debt and rein in speculation on the euro are threatening to kill the […]

The future of risk

Protecting and enabling performance, Report 2009 Source: Ernst & Young, partner of PRIMO Europe Introduction Albeit painful, progress ultimately results from crisis. The current downturn is causing companies to challenge their risk management processes and ask how they can further improve their risk management efforts. Against this backdrop, we conducted a survey to provide a snapshot of the current risk environment and to understand organizational attitudes toward enterprise risk management. We were also interested in understanding how recent events have […]