July 2012

Talk Around the Bazaar

Following a well-read news item last month, we have found another good article on multinational insurance programmes. Chartis put this one together recently and while for many of you, much of this is known, all the same, here is a lot of information, all in one package, http://www.commercialriskeurope.com/uploads/files/whitepapers/How-to-Build-a-Multinational-Program.pdf

Workers Compensation in most countries is confusing and to many people, inadequate. The issue is how well everything is set out and explained clearly. iNavigator has done a good job for Australia, as readers can see at http://www.inavigator.com.au/members/DocMng/st_Main.asp?ProjID=113&

Unrest and uncertainty continue to confront the global business traveller. In a useful publication, Strategic Risk provides a monthly analysis of current risk hotspots as one can see by clicking here: http://www.strategic-risk.eu/story.aspx?source=NewsAnalNewsAlert&storycode=1396902

Standard & Poor’s has launched an index which measures the performance of 50 of the leading Shariah compliant companies from the member states of the Organisation of Islamic Cooperation (OIC). Here is how you can access this http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldata&blobtable=MungoBlobs&blobheadervalue2=inline%3B+filename%3D20120622-oic-comcec-50-shariah-launch.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1244135362683&blobheadervalue3=UTF-8

Sharjah, one of the United Arab Emirates, has launched a social insurance plan which will initially cover low-income Sharjah nationals in addition to the provision of health insurance to all UAE nationals in the emirate. For more about this welcome development, please see http://www.zawya.com/story/Ruler_of_Sharjah_announces_social_and_health_insurance_for_citizens-ZAWYA20120626114346/

FERMA has launched a project to consider the creation of a pan-European certificate of professional competence for risk managers. Regarded by some as ambitious, the aim of the project is to put risk management on a similar standing to other professions. The following article is worth looking at http://www.ferma.eu/2012/06/ferma-launches-pan-european-risk-management-certification-project/

Many of the globally oriented associations provide platforms for the sharing of knowledge. These range from conferences to webinars to newsletters, white papers as well as networking events. The Geneva Reports are right up there with timely reviews on issues which affect all of us some time or another, such as the recently issued “Addressing the Challenge of Global Aging.” To some this may appear rather boring but they have not read pages 17 onward… http://www.genevaassociation.org/PDF/Geneva_Reports/GA-2012-Geneva_report%5B6%5D.pdf

The whole question of getting old takes on a more personal perspective when one looks at real live cases. China Daily had a thought-provoking interview which you will find at http://europe.chinadaily.com.cn/china/2012-06/25/content_15520147.htm

India approaches the future of the elderly and their pensions in a different way and the World Bank has offered advice as the Economic Times reports at http://economictimes.indiatimes.com/news/economy/policy/world-bank-urges-india-to-make-pf-must-for-formal-staff/articleshow/14328192.cms

For a further, well-thought out review of the issues surrounding aging populations, the World Economic Forum has an excellent document to be found at http://www3.weforum.org/docs/WEF_GAC_GlobalPopulationAgeing_Report_2012.pdf

Zurich Insurance has been heavily involved with the World Economic Forum and a look at their website (http://www.zurich.com/aboutus/strategyandprinciples/strategy.htm) tells us about their strategy encompassing global growth, responsibility as a corporate citizen and attention to customer needs

Did you know? Here are some interesting facts which could come in handy to know…

  • A horned owl is not horned. The two tufts of feathers were mistaken for horns
  • The horns of a bighorn sheep can weigh 20 kilos