What happens when a property loss prevention product fails to launch? Mr Peter Madeley of FM Global says that making sure the products are certified is a good start.
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Mr Rade Musulin of Aon Benfield underscores the need for insurers, captives and all stakeholders to still invest in cat modeling tools despite their apparent imperfections.
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Creating awareness for insurance among the poor and educating them to bridge the literacy gap are some of the many activities that Micro Insurance Academy (MIA) is involved in. Dr David Dror of MIA shares their experiences in Nepal and India and their conviction that low-income communities can handle the functions of insurance.
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In the “CFO Survey 2011: Corporate Governance Performance and Insights”, 38% of respondents disagreed or strongly disagreed when asked if corporate governance inhibits entrepreneurial business activity in their companies, while 35% of respondents agreed or strongly agreed. With 27% neither agreeing nor disagreeing to the question, this suggests that the impact of corporate governance requirements on risk taking might not be as significant as some had thought previously.
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In the “Insurance Banana Skins 2011” survey, the wave of new regulations introduced to the industry, with fears over the costs and compliance problems, was the highest risk concern for the industry.
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