All Risk News articles – Page 308
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Analysis
Multinational insurance proposition
This comprises a series of underwriting processes and products designed to manage, within a single transaction, the tax payment reporting and licensing obligations for customers and brokers of Zurich's multinational insurance policies. It includes a proprietary global information system that tracks applicable laws and foreign premium tax requirements for almost ...
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Analysis
VAT Fraud Investigation
The Committee will consider various fraudulent schemes, including carousel fraud and missing trader fraud. VAT fraud is estimated to cost the Treasury between £2bn and £8bn a year, and scams are becoming increasingly complex to counter member states attempts to curb the practice. The fraud works by traders selling goods ...
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Analysis
Current and future risks
Regulation was also cited as a huge burden, costing, according to the British Chamber of Commerce, £10bn between 1997 and 2005. However, Royal & SunAlliance's Risk Uncovered Index2 identifies the biggest future risks facing UK businesses as predominantly stemming from problems close to home.Strong competition in the market place has ...
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Analysis
News Briefs
- Risk Governance Ltd has released a new version of its enterprise risk management software Acertus(TM) Governance.- MEGA International has launched the MEGA Governance, Risk, Compliance (GRC) platform, designed to help European business managers strategically and operationally achieve more efficient corporate governance and address internal and external compliance requirements.
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Analysis
Boost for captives
Following the European Court judgement in the Cadbury Schweppes case (reported in StrategicRISK November 2006), the UK Chancellor has announced legislation to amend the rules for CFCs. However, under the proposed changes, UK companies will be required to apply to HM Revenue & Customs to disregard those profits of their ...
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Catastrophe Risk
Hurricane, typhoon and hail prone areas
The International Hurricane Research Center in Florida has compiled a list of the 10 most hurricane vulnerable areas in the United States, while CDS Business Mapping has issued a list of the top torna
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Analysis
Cost of employee addiction
Recent studies reviewed by CiC highlight that:- one in five employees has existing or potential alcohol or other drug problems- around 10% of accidents in the workplace are alcohol related- up to 14m working days are lost due to alcohol-related absenteeism each year, nationwide across all sectors- the annual cost ...
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Catastrophe Risk
Hurricane season 2006
Despite portentous forecasts by most hurricane research groups, the 2006 Atlantic hurricane season proved more of a damp squib than a raging repeat of 2005. The death toll was limited to 11, and econo
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AIRMIC Portfolio
Software research
From insurance claims management to sophisticated statistical analysis performing stochastic simulations, software packages offer risk managers an array of tools to do their jobs, and vendors compete
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AIRMIC Portfolio
Portillo to speak at annual dinner
Michael Portillo, former Conservative cabinet minister and one-time contestant for the Conservative Party leadership, is to speak at the AIRMIC annual dinner on 6 December. The second speaker is finan
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AIRMIC Portfolio
AIRMIC to help launch Prorim
AIRMIC executive director David Gamble and administrative assistant Chloe Green will take part in the formal launch of Prorim, the European risk management training program, in Brussels on 11 October
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Analysis
Identity theft is predicted to soar
ID theft cost British businesses £50m in 2005, and this is set to increase by 1,300% by 2020 to £700m.
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Analysis
Online credit information
Coface UK has launched InfoLine - a service that combines factual business information with risk analysis to help businesses understand the creditworthiness of their customers.
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Analysis
Eastern Europe faces confusion over EU laws
Eighty per cent of companies operating in Central and Eastern European countries consider their overall awareness of EU legislation to be at a low or medium level despite the fact that 85% consider EU
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Analysis
Pan-european pensions beckon
Multinational companies could be missing an opportunity to save costs and reduce risks by continuing to operate separate pension schemes across Europe, according to Mercer Human Resource Consulting.
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Analysis
Avoid E-mail chaos
Over a third (38%)of large organisations across the UK admit their e-mail management system is in 'complete chaos', according to the findings of a survey released by AIIM on compliance and its impact
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Editor's Letter
Comment
UK companies should make sure they are prepared for the effects of a terrorist attack, following the news that MI5 is now publishing the official terror threat to Britain on its website, say risk and
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Catastrophe Risk
Cat bonds at record levels
Catastrophe risk securitisations reached record levels during the first eight months of 2006, and more are expected before the end of the year.
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Analysis
Why don't we learn?
Disasters will happen time and again unless organisations take the opportunity to learn what went wrong and do something to stop it happening again.
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Analysis
New FERMA member
The Bulgarian Risk Management Association (BRIMA) has been accepted as the latest member of FERMA.
