Looking Through the Blind Spots of Intermediary Relationships
A Risk Manager only forum where Risk Managers share on how they manage their intermediary relationships with service providers.
As risk managers, managing our relationships with service providers such as consultants, insurers, brokers, loss valuators etc. are a vital part of our business model framework. When a crisis comes, we rely heavily on them to minimise the pains that come with the issue.
In this closed-door, risk managers only masterclass, we will discuss the challenges of managing intermediary relationships, with senior risk managers sharing their experiences on what works for them and their lessons learnt.
Through an interactive host-to-audience discussion, this workshop is designed to help risk managers have a better understanding on how to better manage third-party relationships and potential conflicts of interest.
21 May 2018 | 10.30am to 12.30pm |Astor II
Mapping the Risk – Preventing Flood-Related Losses
Global warming and rising sea level are well-documented and flood-related losses continue to mount across Asia. Efforts to combat climate change continue to gain pace, but will they be enough? While we muster the ambition to stop the rising tide, we can at least make sure that we’re ready.
This session forms a high-level dialogue between risk managers from public and private sectors with FM Global’s experts who will share their in-depth knowledge on flood mitigation practices as well as the insights gained working with clients to protect their facilities from the risks presented by flood across Asia.
The session will highlight several critical issues, including the severity of flood-related losses in Asia supported by real-life examples, and the importance of developing knowledge ahead of time given the unpredictable nature of flood occurrence. The session also aims to build further awareness among risk managers of the physical abatement and human interventions that are readily available.
This masterclass session is important for all risk managers because:
• Flood is a perennial issue in Thailand and many developing countries in Asia. Given the pressure placed on much of the continent’s infrastructure by population growth, the risk presented by flooding remains ever-present.
• There is an opportunity to improve the exchange of best practices to heighten awareness of loss prevention and risk mitigation solutions that address flood-related issues across Asia.
It is expected that at the conclusion of this session, participants will be able to identify practical actions to address and mitigate flood-related problems, leading to improved risk management practices and risk quality among the properties under their purview.
21 May 2018 | 10.30am to 12.30pm |Astor III
Winning Titan: The International Program Game
During this highly interactive game, each team will work through a series of videos that present the challenges faced by Titan Industries, and help develop the best international program solution. By collaborating in your teams, you will agree recommendation for Titan Industries so that they understand and appreciate the:
• Advantages of an international program.
• Key elements of the International Programs process from start to finish.
• Information required to assess risk and price risk transfer.
• Impact of legal and regulatory requirements on International Programs.
• Factors that ensure successful program implementation.
This unique approach to international programs is designed for risk managers and brokers to build their knowledge of international programs in a fun and insightful way.
21 May 2018 | 1.30pm to 3.30pm |Astor II
Why Insurance is Critical To Delivering a Successful Construction and Infrastructure Project
The Masterclass will share methods of insuring Construction and Infrastructure projects and the key role insurance plays.
Insurance is intended to provide the Project Developer/Owner and the Contractor with a cost effective way of financing risks which they do not have the financial strength to bear themselves. All too often, the arrangement of insurance is regarded as an “administrative inconvenience” or simply being an exercise of being able to put a “tick in the box” of tasks completed.
However, it is not an exaggeration to state that arranging fit for purpose insurance coverage can be critical to the successful execution of any construction project, regardless of size and complexity.
Getting the right coverage from the insurance requires an adequate amount of attention during the early stages of the project’s development to ensure that the insurance being purchased provides the coverage needed.
Join our masterclass to learn how this can be achieved if the insurance is made to ‘dovetail’ with the risks inherent in the project, a task which requires a full understanding of commercial, financing, technical, and insurance matters.
21 May 2018 | 1.30pm to 3.30pm |Astor III
Rethink the (Un)predictable
Are travel risks unavoidable or in fact predictable and therefore preventable?
This interactive workshop is designed for risk managers to prepare for decision-making in an actual crisis and its aftermath. Experts will share perception vs reality of travel risks and best practices in managing (un)predictable situations through an escalating crisis simulation exercise using an engaging mix of digital tools and platforms.
MARCH 27, 2017 | 1.00pm to 3.00pm
Cyber Security: Responding to a Cyber Extortion Event
Your organisation is contacted by an unknown hacker, claiming to have found a loophole in your cyber security, demanding payment to prevent an attack; how would you respond? Paul Jackson, a cyber security expert from Stroz Friedberg, an Aon Company and Andrew Mahony, a cyber insurance specialist at Aon, will coach you through the crisis management process and how cyber insurance products can protect your organisation.
This session provides leading insights into the world of cyber threats and how to respond in a crisis situation, as well as information on the latest cyber security trends, events, risk management, and insurance protection.
MARCH 27, 2017 | 3.30pm to 5.30pm
Overcoming the Business Interruption Insurance Challenge
With average large BI property insurance claims now exceeding USD$2.2m and accounting for a much higher proportion of the direct loss, it is a top concern for risk and insurance professionals across Asia Pacific.
However, there are a number of challenges that organisations face when purchasing their BI cover, such as getting the values right, calculating the gross profit, identifying the indemnity period, coverage for wide area damage, ensuring adequate supply chain protection and avoiding lengthy claims settlement processes and disputes.
Swiss Re Corporate Solutions invites PARIMA members to join this highly engaging session to understand how they can overcome challenges in establishing their BI cover. Attendees will work through a number of exercises to help them get a better understanding of BI insurance and how to design an insurance programme that delivers claims certainty. This fun and interactive workshop is designed for attendees who want to develop a better understanding of their own BI exposure and learn how to mitigate the risks.
Please select your preferred sessions in the registration form below.