Since March 2020, Airmic has been issuing Friday Reading, a curated series of readings and knowledge resources sent by email to Airmic members. The objective of Airmic Friday Reading was initially to keep members informed during the Covid-19 pandemic. Today, Airmic Friday Reading has evolved in scope to include content on a wide range of subjects with each email edition following a theme. This page is a searchable archive of all the readings and knowledge resources that have been shared.
Friday Reading Edition 78 (15th October 2021)
The fourth publication in our acclaimed “Roads to” thought leadership series is focused on the concept of corporate purpose within a shifting business and risk environment. Corporate purpose has risen up the agenda over the past decade. Roads to Repurposing is an in-depth examination of the concept, aimed at business leaders, policymakers and risk professionals. The report looks at what is being covered under the label ‘corporate purpose’ and ‘repurposing’, why these ideas have acquired such an urgency within the business world, and how companies are applying and using them to improve their business performance and manage risk.
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Friday Reading Edition 78 (15th October 2021)
The annual Salary and Status Survey report is based on the views of Airmic members, providing a picture of the current profile and future of the profession with important information and indicators about the profile of the profession and what matters to risk professionals the most. Airmic members are helping to drive transformation in their organisations and play a key part in shaping their post-Covid future – the risk and insurance profession continues along the path of recognition as a strategic capability. .
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Friday Reading Edition 78 (15th October 2021)
A new guide, this addresses 12 frequently asked questions associated with D&O coverage, posed from a director’s perspective. The Guide aims to provide an insider’s guide to directors’ and officers’ liability insurance (D&O) for end users, and for board members in particular. Twelve questions make up the core of the guide, focusing on practical issues that commonly arise. Although designed to be answered by reference to specific policy wordings, the answers are intended to provide general guidance as to the likely position, subject to the significant caveat that no two D&O policies are the same.
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Friday Reading Edition 78 (15th October 2021)
Part of the Airmic EXPLAINED series of guides, this guide provides an introduction to the concept of risk appetite and addresses the myths, and the links with culture, maturity and sustainability. Defining and implementing risk appetite (often also referred to as a risk attitude) is a strategic activity that involves the Board and top management, as it must be aligned with strategic objectives, and requires consensus and engagement from the organisation’s leadership. This guide is essential reading for those new to the risk management profession, or for those who find themselves with a responsibility for risk management as part of a wider role.
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Friday Reading Edition 78 (15th October 2021)
The Insurance Act was the most fundamental change to UK law governing commercial insurance and reinsurance since the Marine Insurance Act 1906. It governs all polices placed, amended or renewed after the 12th August 2016 and aimed to address the imbalance between insurer and insured rights and encourage a deeper understanding of the risk by all relevant parties. The legislation made significant changes to: the pre-contract duty of disclosure, insurer remedies in the event of a breach of the new duty of fair representation and certain terms used in policy wordings. This guide aims to assist risk professionals in making the most of the benefits of the Insurance Act, while ensuring their own compliance with the duties placed upon them.
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