The last risk silo

Operational Risk


A reminder to the insurance industry, if one were needed, of the dangers of ineffective operational risk management came in December last year, when Norwich Union Life suffered the highest ever fine handed out by the UK's Financial Services Authority (FSA) - £1.26 million - for not adequately protecting its customers from fraudsters. And then in January, the full scale of operational risk exposure in the financial sector became starkly clear when Societe Generale discovered a £3.7 billion black

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here