Profit and loss attribution – building robust Solvency II processes
Profit and loss attribution – building robust Solvency II processes
Institute of Risk Management cross-industry group issues guidance to help ensure models reflect business reality. LONDON, 16 March 2017 – The Institute of Risk Management’s (IRM) Internal Model Industry Forum (IMIF) today publishes its 7th guidance document for the insurance market. Profit and loss attribution – the way ahe… Read more
Budget Statement Spring 2017
Budget Statement Spring 2017
Nicola Crawford, CFIRM, IRM Chair and Managing Director, i-Risk Europe Ltd said: “It is encouraging that the Government  will use additional funds garnered from changes to state and contributory pensions to help pay for a £300m fund which will be allocated to local authorities for discretionary handouts to companies hit har… Read more
Women in Risk – here come the girls!
Women in Risk – here come the girls!
International Women’s Day While it may not be easy to predict what tomorrow’s business will require from its leadership there is a growing body of evidence that women are no longer trying to fit into the culture of the organisations they work for but are creating that culture. This is also the trend for women working in ris… Read more
Competition Law Risk, a short guide: puts spotlight on Director Disqualification risk
Competition Law Risk, a short guide: puts spotlight on Director Disqualification risk
The latest risk guide from the Institute of Risk Management (IRM) and the Competition and Markets Authority (CMA) features up-to-date case studies with key learnings and examples of best practice to help risk professionals navigate UK competition law.  It promotes a culture of compliance led from the top down. The updated … Read more
IRM Supports Government Moves to Offer Cyber Security Education in Schools
IRM Supports Government Moves to Offer Cyber Security Education in Schools
Cyber Security is fundamental to all businesses across all sectors including banking, finance and insurance.  Every enterprise in every sector globally relies heavily on technology in an increasing age of interconnectedness. Cyber is not only about hacking emails or bank account details – it affects business, infrastructure… Read more
IRM Risk Predictions 2017
IRM Risk Predictions 2017
IRM experts look to the year ahead and make 2017 risk predictions Political risk, cybersecurity, bribery and oil price and financial markets fluctuations are among chief concerns for businesses voiced by some of the UK’s leading risk experts as they look ahead to 2017. Nicola Crawford, CFIRM, Chair of the Institute of Ris… Read more
World Economic Forum Global Risks Report
World Economic Forum Global Risks Report
The Global Risks Report 2017 was issued on 11 January 2017, in advance of this year’s Davos forum and IRM Chairman Nicola Crawford and Vice Chairman Jose Morago represented the Institute at the launch event in London. The report acknowledges the contribution of the IRM members who contributed to the survey work in the Autu… Read more
Nicola Crawford announced as the New Chair of the Institute of Risk Management
Nicola Crawford announced as the New Chair of the Institute of Risk Management
The Institute of Risk Management (IRM) has today announced that Nicola Crawford, CFIRM, Managing Director, i-Risk Europe Ltd as its new Chair.  Nicola will follow Jose Morago, Head of Enterprise Risk & Advisory Services at the Financial Conduct Authority who has been the IRM Chairman for two years. Nicola Crawford said… Read more
IRM Charities SIG – 2016 round up
IRM Charities SIG – 2016 round up
So this is Christmas (well nearly), and what have you done? Another year over and a new one about to begin (as John Lennon once sort of said!) Yes, it’s getting to that time of year when many of us will reflect on our achievements (over a few too many glasses of mulled wine if you’re anything like me) and the IRM’s Charitie… Read more
Autumn Statement: Reaction from the Institute of Risk Management (IRM) 7th Risk Leaders Conference
Autumn Statement: Reaction from the Institute of Risk Management (IRM) 7th Risk Leaders Conference
Today over 100 senior risk management professionals are convening for the IRM’s 7th Annual Risk Leaders conference in London.  Senior representatives are in attendance including the former Deputy Supreme Allied Commander of NATO, Sir Richard Shirreff KCB, CBE, and other key players from industry including David Styles, Dir… Read more