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Environmental, Social and Governance (ESG) is an increasingly hot topic and one that is very much part of the public zeitgeist with many cities around the world hosting Extinction Rebellion protests. Some parts of the financial services sector have taken some cues and have products that are specifically tailored to address corporate and public concerns, which is something I write about in this new blog.
The birth of insurance has its roots in so-called bottomry contracts, which were known to merchants of Babylon as early as 4000–3000 BCE. Bottomry was also practised by the Hindus in 600 BCE and was well understood in ancient Greece as early as the 4th century BCE. Thousands of years later I want to pose the question are we about to experience the death of insurance as we know it?
This month marks 12 months since Europe’s General Data Protection Regulation came into force. Since the 25 May 2018, numerous high-profile data breaches have highlighted the importance of data protection, for individuals and businesses alike. Looking back at GDPR 12 months on, however, has it had any real impact?
Previous industrial revolutions had a profound impact on the world. The innovators of the time introduced mechanisation, electrification and mass production, information technology and the knowledge economy. There is a school of thought that says we are now we are on the brink of the next industrial revolution, as I discuss in this blog.
The Institute of Directors has invited me to speak at a forthcoming Insurance Technology Forums lunchtime event at Lloyd’s of London on the 10th July where we’ll be discussing the topic GDPR’s first year: the lull before the 2019 storm. We’ll be discussing how does all this affect the Lloyd’s and London insurance market? And what’s in store for this coming year, Brexit or no Brexit?
The need for project managers has never been greater. As projects get larger and more complex it is imperative that projects and programmes are overseen by appropriately qualified and experienced people. Today there are different types of role that are essentially types of project manager. My blog here applies to all of them so no matter if your title is project manager or scrum master, or if you are using agile, waterfall, lean, six sigma, Kanban or one of the myriad of project methodologies available to modern project managers these principles still apply.
Deloitte recently published their M&A trends 2019; this is a fascinating document for anyone who has spent any time performing or helping their clients perform M&A activities. No matter which industry sector you work in, it won't surprise you that M&A is still an essential part of most organisation's growth strategy.
Cutting costs isn’t something new or unique to today’s business environment. What I think is different today though is that businesses are being smarter. They are not just looking to reduce their overheads, they are looking to increase the efficiency and productivity of each member of staff.
What if a malware event went global? I mean really global, as in much further than previous malware attacks, such as the WannaCry Ransomware in 2017. Thankfully that bug failed to live up to its potential. So when a new report by Lloyd’s: ‘Bashe attack: Global infection by contagious malware’ dropped into my in-box, I was curious to find out what they had learnt from the exercise.
For many organisations, February will be lining up to be a busy month. Annual budgets that were approved in December or January are now starting to become available, so what should CIOs and Heads of Change be looking at to make sure that new projects are getting started as quickly as possible?
Monday 28th of January is Data Privacy Day so I thought this might be an opportunity to share some tips on how to protect your business and, of course, your clients. Last May saw the biggest development of Data Protection Regulation for 20 years as the EU's GDPR came into force. So now the dust has settled let’s recap and celebrate all the hard work that went into complying with the regulation.
If you work in Information Technology the chances are that, like me, you are a bit of a tech gadget nerd. I know I’m not alone, however, so in today's tech-driven world, I thought I’d write a blog on what potential Christmas presents are out there this year that will delight a technophile family member, friend or co-worker.
In my last blog on the new Bermuda Personal Information Protection Act (PIPA), I looked at the definition of the regulation. In this follow up I want to examine some of the potential impacts of the act on businesses. If you ”use” your customer’s personal data then your contracts need to be reviewed to ensure compliance with PIPA.
Now that the Personal Information Protection Act (PIPA) has been enacted, Bermuda joins the growing number of jurisdictions with enhanced privacy protections. PIPA was passed on July 27, 2016, and will be enforced in the latter part of 2018. In this introduction to PIPA I will outline the key considerations for all businesses in Bermuda that are using personal data or personal sensitive data.
A Reuters news report caught my attention recently. It focused on an analysis of the UK accounting watchdog, which announced it might ban firms from providing consultancy work to those firms whose books they audit. There have been many examples recently, such as the collapses at Carillion and BHS, that have lead the Financial Reporting Council (FRC) to the point of announcing a new “strategic focus” to ensure that financial audits are better serving the public interest.