Resilience Week 2022 - Highlights

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07 November, 2022

利益保険に係わる実務と課題

Closing Gaps and Bridging Opportunities in D&O Insurance: Global & Local Perspectives

07 November, 2022

CONFERENCE HIGHLIGHTS

Innovation is necessary for both sides – the insurance industry to bridge the disconnect between the demands of risk managers and what the market can offer, and risk professionals to find ways beyond traditional insurance to mitigate their risks and do their part to slow the all-encompassing climate change.
Today’s global inflation is fuelling social, talent and economic turbulence. Seeing that this is not mellowing out anytime soon, risk managers must find creative ways to transfer risk. On a similar note, the challenge remains for the insurance industry to be more dynamic to address ever evolving trends.
The ‘S’ in ESG is often overshadowed; however organisations have a responsibility towards investors, employees and the community to provide value in a sustainable and impactful way. Risk managers should know what buttons to push and what granular issues affecting the business can they leverage on to get the attention of the board.
Organisations must have both a dedicated Cyber Risk Team who knows the ins and outs of the business, and the Firemen – external experts that can help your company protect your assets and are up & ready to assist in business recovery.
Geopolitical Instability has the power to destabilise established supply chains. Companies need to have an intimate knowledge of their supply chain by improving modelling & chain impact analysis to further breakdown the cascading impacts of Geopolitical Turbulence, and therefore address their exposures.
With a volatile business landscape in the background, risk managers are pushed to innovate with techniques such as Parametrics and Captives to fill the gaps that traditional insurance programmes cannot cover. However, there is still a need for more awareness and understanding on the utilisation of these solutions to equip risk professionals as they work to get senior management buy-in.
Organisations can support their employees through developing robust Employee Wellbeing programmes and integrating the practice of mindfulness into all aspects of our lives. Employers must also find a balance between what the employee needs and wants and to emphasise the importance of #mentalwellbeing in your organisation.