Commercial Risk Asia successfully concluded the second edition of the Global Programmes Asia Conference on 10 July 2025 at PARKROYAL COLLECTION Marina Bay, Singapore, bringing together risk managers from a wide range of industries. 

The full-day conference featured seven dynamic sessions exploring the complexities of managing corporate risk in a multipolar world — the central theme of this year’s conference. 

The opening session, “Risk Landscape: Rising to the Challenges of the New World Order”, led by Robert Hunziker of Swiss Re Corporate Solutions, delved into the escalating political instability now considered one of the most pressing risks facing businesses in 2025. 

(Credit: PARIMA)  

The second session, “Asian Global Programmes: Structure, Focus and Flexibility”, brought together six expert speakers from across the industry: Andrew Chan (Institute of Internal Auditors Hong Kong), Rinnah Roque (HDI Global), Rahul Kumar (Cushman & Wakefield), Vanessa Priede (Swiss Re Corporate Solutions), Evelyn Pang (AXA XL), and Gautam Iyer (Marsh Singapore). 

The session explored the growing need for global insurance programmes and how they can be structured most effectively. Speakers discussed whether such programmes should centre on core lines like property, business interruption, and liability, or extend to emerging risks such as cyber, employee benefits, and trade credit. 

The third session, “Resolving Coverage Disputes Without Damaging Commercial Relationships”, led by Toby Nabarro of Fenchurch Law, addressed how brokers, policyholders and insurers can navigate insurance coverage disputes while preserving long-term commercial relationships.  

In the fourth session, “Terrorism PV Global Programmes: Why and How Are They Different to Property Global Programmes”, AXA XL’s Carrie Huang and Shiwei Jin which examines the growing political and economic instability amid the rising global risk of political violence and terrorism. 

(Credit: PARIMA) 

The fifth session, “Climate Risk: Mitigating Risk & Building Resilience”, featured insights from Graeme Riddell (Marsh), Puneet Panchal (Cube Highways and PARIMA Chapter Head – Delhi), and Guillaume Parard (AXA XL). The discussion centred on the increasing frequency and severity of climate-related risks, underscoring the importance of building resilience and adapting to a new climate “norm” that is already reshaping risk landscapes across industries. 

(Credit: PARIMA) 

The sixth session, “Captives: Their Role in Your Global Insurance Programme”, was led by Soni Srivastava (Deutsche Bank), Lawrence Bird (Marsh Advisory Asia), Steve Tunstall (PARIMA), and Etienne Desplanches (Zurich Insurance Company Ltd, Singapore Branch). The panel discussed the growing importance of captives in Asia, exploring their strategic potential and how they can be effectively integrated into global insurance programmes to enhance risk management, optimise coverage, and improve cost efficiency. 

(Credit: PARIMA) 

The last session of the day, “Insurance Market Outlook: Direction and Impact on Renewals”, featured Steve Tunstall (PARIMA), Brent Clawson (Marsh), and Suchitra Narayanan (Revantage Asia and PARIMA Board Member). The discussion explored the anticipated direction of market pricing and capacity in upcoming renewals, offering practical insights into how risk managers can work strategically with brokers to secure the best possible outcomes in a shifting insurance landscape.