CONFERENCE

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CONFERENCE HIGHLIGHTS
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CONFERENCE HIGHLIGHTS

  • Following ‘The Art of War’, don’t assume threats won’t arise-plan as though they certainly will; proactive preparation is key to staying resilient. Keep three “cards up your sleeve” for risk management: identify threats, predict their impact, and establish solid defenses.
  • The 9 key components of “good” enterprise risk management are: Board-level commitment, executive leadership, transparent risk communication, a culture of risk ownership, data and analytics, stakeholder participation, risk-based decision making, risk quantification, and optimized risk profile
  • Move beyond traditional career paths and embrace a workforce ecosystem. Equip your teams for non-linear growth through diverse career experiences and continuous skill development.
  • The golden 72 hours after a disaster is the critical time for equipment recovery or total loss repurchase. Organisations can establish a complete disaster recovery procedure through diligent training and exercises, providing the implementation experience for the reference of the participants, and experience sharing.
  • Evolving cyber threats and increasing regulatory changes surrounding data breaches and privacy make navigating cyber exposure more complex than ever for risk managers. Partnering with insurers who can adapt their strategies for effective cyber risk management should be considered a critical business function.
  • Drive sustainable growth: Build a high-performance culture focused on equitable and comprehensive rewards for longer-lasting organisational successes.
  • Stakeholder engagement, collaboration, and partnership will be integral in addressing global issues that will impact our businesses, communities, and countries.
  • Parametric insurance offers advantages in payout design and claims procedures, enabling insured parties to obtain more tailored coverage and achieve quicker recovery from extreme weather events.
  • Corporate sustainability disclosures previously concentrated on financial materiality analysis. In the future, the disclosure of both operational physical impacts and financial materiality is set to become equally important.
  • Keep your eye on building a resilient and evolving culture by taking small, purposeful steps and regularly reassessing to maintain balance and avoid weak links.
  • Key challenges to supply chain risk management – silo mentality coupled with technical difficulties such as lack of end-to-end visibility and transparency, difficulty in assessing wide variety of risks against a large set of suppliers, and creating integrated mitigation and resilience options.

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