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Risk Management tag returned 744 results

  • Singapore government introduces principles to promote responsible use of AI and data analytics

    The Monetary Authority of Singapore (MAS) has released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of AI and data analytics in finance (AIDA).

    AIRPlus | 21 Nov 2018
  • 16 insurers join UN Environment to assess intensifying climate change impacts

    United Nations Environment's finance initiative (UNEP FI) has announced a partnership with 16 of the world's largest insurers to develop a new generation of risk-assessment tools designed to enable the insurance industry to understand the impacts of climate change on their business better. This understanding is vital for an industry whose core business is to manage risk.

    AIRPlus | 19 Nov 2018
  • Turkey: Insurance regulatory chief looks to technology to transform supervisory functions

    The new chairman of the Insurance Supervisory Board at the Turkish Treasury, Mr Mete Guler, has named technological transformation of the regulator as a priority goal. The aim is to provide the Board with a more effective information-based structure.

    Middle East | 18 Nov 2018
  • Insurance body issues norms for inherent defects business

    The Insurance Association of China has issued standards to support inherent defects insurance (IDI), an emerging class of business in the country. The norms aim to improve construction quality.

    China | 16 Nov 2018
  • Many financial institutions not using operational risk management to challenge business models

    Aligning operational risk management (ORM) with strategy could enable strategic change, improve business performance and enhance customers' experience for financial institutions. However, only half of firms surveyed with less than $250bn in assets leverage ORM to challenge business models, according to a report by KPMG and the Risk Management Association (RMA).

    Asia Risk | 14 Nov 2018
  • Integrating flood and environmental risk management

    The Asian Development Bank recently released a working paper that presented the principles underlying Flood and environmental risk management (FERM) and briefly discussed current policies and practices. It also presented three Asian Development Bank case studies from the People's Republic of China to illustrate what is being advocated. It also discussed other matters relevant to the integration of FERM into a framework for project appraisal and formulation.

    Asia Risk | 14 Nov 2018
  • Chief financial officers' risk challenges

    The chief financial officer of an organisation works around many challenges. These begin with managing shareholder's money - to provide an adequate return on the capital employed, increase the share price with the least volatility and much more. However, uncertainty of the future is a risk that very often thwarts the best of his plans to do so.

    Asia Risk | 14 Nov 2018
  • Cyber attacks and volatile weather are top risks for Indian corporates

    Large scale cyber attacks, massive incidents of data theft, and extreme weather events are the top three risks for India Inc., says a joint study by Marsh, a global leader in insurance broking, and RIMS, the risk management society.

    Asia Risk | 14 Nov 2018
  • India: JBA & Chaucer launch CAT model for agriculture

    JBA Risk Management (JBA) has launched a new India Crop catastrophe model for the (re)insurance market, in collaboration with Chaucer through its platform in Singapore.

    Asia | 14 Nov 2018
  • India: Regulators discuss liquidity issue in non-bank financial sector

    India's finance ministry officials are looking into issues related to the liquidity crunch in the financial sector, and held a meeting last week with the country's financial regulators on the subject, reports Reuters.

    Asia | 08 Nov 2018

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