Risk managers urged to ‘Overcome Uncertainty’-PARIMA

Risk managers in Japan were challenged to “Overcome Uncertainty”, the central theme for the recent PARIMA Tokyo 2018 Conference which took place on 30 October in Japan's capital city.

PARIMA Chairman Franck Baron highlighted in his opening speech the challenges facing risk managers today, citing examples of how several business leaders and pioneers overcame these threats through resilience.

He was joined by PARIMA Japan board member, INPEX Corporation managing executive officer and senior vice president, logistics and IMT, Takashi Kubo. INPEX CEO Takayuki Ueda shared with the delegates some of the emerging and operational risks faced by the company, which is Japan’s largest upstream oil and natural gas company by production volume and reserves.

A C-Suite panel during the conference emphasised the need for corporate boards to be involved in risk management assessment and practices. The panel, comprising Mr Tatsuya Yamamoto, president & CEO of Aon Japan, Mr Takashi Mikajiri, executive chief officer, global property risk engineering of Tokio Marine & Nichido Risk Consulting Co., Ltd. and Mr Iain Ferguson, regional director, Asia Pacific and president of Lloyd’s Japan also deliberated on the current state of the insurance market in Japan. It was moderated by PARIMA general secretary Steve Tunstall.

Addressing digital transformation during a plenary session, Sompo Holdings managing executive officer and group chief digital officer Koichi Narasaki laid out Sompo's digital transformation journey and how digitalisation will change the industry.

The afternoon session also featured a fireside chat with International SOS co-founder and CEO Arnaud Vaissié, during which he emphasised the importance for risk managers to speak the language of the C-Suites. He also shared his own experience as an entrepreneur in balancing risks and opportunities.

In his keynote, High Priest from the Todaiji Temple Kojo Morimoto shared with the audience how the temple has kept its legacy on sustainability and harmony for 1,300 years.

The Conference also featured eight insightful educational sessions on the following themes: Insurance in Tomorrow’s World, Resilience against Geopolitical Turbulence, Business Interruption, Human Capital Risks & Diversity, International Insurance Programmes, Cyber Security, Innovative Technology and ART & Captives.

PARIMA Tokyo 2018 drew over 300 attendees made up of risk professionals and senior leaders from companies such as INPEX Corporation, Mitsubishi Heavy Industries, Toyota Tsusho Corporation, Nissan Motor Co. Ltd., Daimler, Qisda Corporation, Terumo Corporation, LIXIL Corporation, Sumitomo Corporation, Idemitsu Kosan Co. Ltd., Sojitz Corporation, NKKTUBES, AGC Asahi Glass, Rolls-Royce, Lazada, Ayala Corporation, Aboitiz Equity Ventures and more.

The 2019 PARIMA conferences will be held in Manila and Kuala Lumpur.

Source: http://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/44744/type/ARM/Japan-Risk-managers-urged-to-Overcome-Uncertainty-PARIMA