RISK PROFILE WORKSHOP KL

Aon and QBE invites Risk managers to learn more about how to better understand their company’s risk profile as well as discussing the concept of risk maturity. Attendees will work through profiling risks and how to determine and implement mitigation plans and controls.

This fun and interactive workshop is designed for attendees who want to gain practical experience on how to conduct a similar assessment for their organisation.

DATE and VENUE

Kuala Lumpur | 13th April 2017
VE Hotel, Pinnacle 10, Bangsar South, Kuala Lumpur, Malaysia
13th April 2017, 10AM-7:00PM

AGENDA

10.00a.m. – 10.10a.m. : Workshop Introduction and Opening

Suchitra Narayanan, Board Member PARIMA & Head of Risk and Insurance, Bumi Armada

10.10 a.m.– 10.30 a.m.: The Importance of Risk Management Maturity

Neelay Patel, Executive Vice President, Aon

  • Why is risk management important to business?
  • Introduction to the Aon Risk Maturity Index
  • Link between Risk Maturity and Volatility in earnings and stock price
  • Link between Risk Maturity and market disruptive events
  • What are the traits of advanced risk management in a company
  • Top 20 risks from Aon Global Risk Management Survey (with handout)

10.30 a.m. – 11.00 a.m. : Introduction to the COSO Framework

Patrick Abdullah, Board Member PARIMA & Vice President, Enterprise Risk Management, Astro Overseas Limited

The COSO framework is designed to help organisations design and implement internal control in light of many changes in business and operating environments since the issuance of the original Framework, broaden the application of internal control in addressing operations and reporting objectives, and clarify the requirements for determining what constitutes effective internal control.

11.15 a.m. – 11.15 a.m. : Introducing the Case Study

Suchitra Narayanan, Board Member PARIMA & Head of Risk and Insurance, Bumi Armada

A case study has been developed based on a Malaysian multinational company and participants will need to read through and familiarise themselves with the scenario.

11.15 a.m. – 11.30 p.m. : Morning Tea Break 

11.30 a.m. – 12.30 p.m. : Breakout Group Discussion 

The group will be split into groups and using the COSO framework and based on the case study, the participants will debate and develop a profile of the top 5 risks that will encompass:

  • Identifying the risks
  • Possible Causes to each risk
  • Potential Impacts for each risk
  • Likely Controls available to manage risks
  • Likelihood Ranking
  • Consequence Ranking
  • Overall Risk Ranking

12.30 p.m. – 13.30p.m. : Lunch Break

13.30 p.m. – 14.45 p.m. : Top Risks Identified in the Case Study

Each group will be invited to present the top risk identified during the breakout group discussion.

13.30 p.m. – 14.45 p.m. : Top Risks Identified in the Case Study

Each group will be invited to present the top risk identified during the breakout group discussion.

14.45 p.m. – 15.30 p.m. : Actions to the Key Risks Identified

Each group takes a risk and proposes actions. Assess expected cost benefit i.e. reduction in likelihood and consequence versus operational / capex costs.

15.30 p.m. – 15.45 p.m. :Afternoon Tea Break

15.45 p.m. – 16.45 p.m. : Present Actions to the Key Risks Identified

Each group will be invited to present the actions to the risk identified.

16.45 p.m. – 17.15 p.m. : Insurable vs. Non Insurable Risks

Neelay Patel, Executive Vice President, Aon

Based on the case study, we look at the main insurable and non-insurable risks that have been identified.

17.15 p.m. – 17.30 p.m. : Closing Remarks

Patrick Abdullah, Board Member PARIMA & Vice President, Enterprise Risk Management, Astro Overseas Limited

17.30 p.m. – 19.00 p.m. : Networking Drinks

march, 2017

Sort Options
28mar9:00 am- 9:10 amPARIMA Manila 2017 Welcome AddressBonifacio Hall A&BSPEAKER(S):
  • Stacey Huang, Executive Director - PARIMA
  • Franck Baron, Chairman - PARIMA
28mar9:10 am- 10:30 amFuture of Risk Management in the Philippines Landscape CEO's Views & PerspectivesBonifacio Hall A&BSPEAKER(S):
  • Jaime Augusto Zobel de Ayala, Chariman & CEO, Ayala Corporation
  • Erramon I. Aboitiz, President & CEO - Aboitiz Equity Ventures
  • Michael Gallagher , COO Asia - Aon
  • Jonathan Rake, Head SEA - Swiss Re
  • Moderated by Steve Tunstall, Director - Tunstall Associates
DESCRIPTION: Hear from Ayala Corporation Chairman and CEO and from Aboitiz Equity Ventures President and CEO on their views of the future of risk management in the Philippines. Joining this leadership panel, we invite leaders in the insurance industry to talk about where they see the top risks are in APAC and in the Philippines and what needs to be done to overcome those risks. A great opportunity for Risk Managers to hear the perspectives from senior management and how we can value-add in this dynamic environment.
28mar10:30 am- 11:30 amThe Global Risks Report 2017: Findings & Trends
The implications of the findings for the board and how risk managers can build their case to influence them
Bonifacio Hall A&BSPEAKER(S):
  • Wolfram Hedrich, Executive Director, Asia Pacific Risk Center - Marsh & McLennan Companies
  • Geoffrey Au, Head of Risk - Zurich Asia Pacific
  • Franck Baron - General Manager, Risk Management & Insurance, International SOS
  • Moderated by Steve Tunstall, Director - Tunstall Associates
DESCRIPTION: Hear how the many issues raised may affect your organization, suppliers, and customers. Produced by the World Economic Forum, The Global Risks Report 2017 provides insights into the key global risks facing business and government. It offers the collective view of risk experts across the globe as to the most significant threats to global prosperity over the next decade. This year’s report highlights the social and political risks that crystalized throughout the world in 2016, and examines some of their root causes, which include rising income and wealth disparity, a fraught geopolitical environment, and disruptive technological change. It addresses the growing wave of anti-establishment sentiment that is sweeping across western nations, along with the rise of political populism and economic protectionism.

MEET OUR SPEAKERS

Neelay Patel
Neelay PatelExecutive Vice President, Aon
Patrick Abdullah
Patrick AbdullahBoard Member PARIMA & Vice President, Enterprise Risk Management, Astro Overseas Limited
Suchitra Narayanan
Suchitra NarayananBoard Member PARIMA & Head of Risk and Insurance, Bumi Armada

Registration for the Risk Profile Workshop has been closed.

13 April 2017| VE Hotel, KL


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Organizations across Asia face a rapidly changing set of risks that require innovative approaches to diagnose exposures in real time and alternative solutions for emerging risks. The Willis Towers Watson – PARIMA Risk Labs are specially curated to educate and raise awareness of the risk ecosystem in Asia, in a practical way that can be easily applied in the workplace.

Simon Weaver
Simon WeaverCountry Head, Singapore and Head of Corporate, Risk and Broking, Asia, Willis Towers Watson

We are proud to be working with PARIMA in delivering the first Risk Lab in the Philippines. Companies here undoubtedly face a myriad of different risk exposures, and we look forward to sharing our insight on how to understand and mitigate the most critical of these.

James Matti
James MattiCountry Head, Philippines, Willis Towers Watson