JLT Advocates More ‘Joined Up Thinking’ in Risk Management and Insurance at AIRMIC Conference
During the JLT workshop ‘ERM and ART: A happy marriage’ at AIRMIC today, JLT advocated more ‘joined up thinking’ across the insurance Industry.
Neil Campbell who leads Jardine Lloyd Thompson Limted’s Risk Consulting Practice, says “Joined up thinking is a term often bandied around in the risk management and insurance world. Unfortunately in many aspects of our industry, we continue to work in isolated silos. Most insurance companies and brokers are still divided into and managed by the most basic insurance coverage lines.
For JLT, working in a joined up way is a fundamental part of our culture. Linking advanced Enterprise Risk Management (ERM) thinking and outputs to the most effective design and execution of insurance-based financing programmes is indeed a happy marriage and a modern and logical development of how these two, up until now separate processes can be integrated and managed dynamically.
“Our workshop at AIRMIC 2009 helped to inform these developments and provide an open forum for forward thinking risk professionals to share their ideas and knowledge and benefit from the experience of 3 highly experienced workshop facilitators from the risk management and risk financing disciplines.
During the workshop Neil Campbell highlighted that “with the increasing recognition of Enterprise Risk Management as one of today’s most important corporate governance and management tools, bespoke structured insurance programmes are again seen as valuable risk financing tools – insurance capital – to manage significant but sometimes non-core risks within a corporation”.
Category: Insurance News, Jardine Lloyd Thompson News
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