Kuala Lumpur 2025 MasterclassES HIGHLIGHTS
- Security risks arising from the rapid adoption of AI and its impacts on an Enterprise Risk Management context are a prime concern for risk managers in Malaysia. To prepare ahead of AI risks, risk managers must 1) Assess and quantify potential financial exposures to tangible & intangible assets across a range of perils, 2) Mitigate AI risks by mapping current and future controls to each AI-use case and risk scenario, 3) Transferring AI risks through adequate liability coverage and stress-testing third party contracts, and 4) Responding to AI risks by ensuring that your crisis management controls are relevant to-date.
- According to the FM climate related loss data 2020 to 2024, the cost of a single climate loss event ranges from less than US$100K to more than US$62M over the last 5 years. To add a buffer to the damages caused by such events, organisations must invest in physical resilience and keep their business continuity plans in tip-top shape.
- Through scenario-based exercises, attendees were challenged to present their solutions to fellow participants. Best practices discussed include: 1) getting an overview of all assets and identifying high-risk ones, 2) maintaining a detailed hazard description, 3) mapping out possible climate risk scenarios, and 4) diligent risk qualification.
- Tariff volatility and the ripple effect of climate change cause dramatic supply chain shifts globally, leading to changes in regulations & compliance and warehouse congestion. To build supply chain resilience, businesses must 1) understand its risk drivers, 2) assess & quantify risks, and 3) implement mitigations against possible disruptive events.
Kuala Lumpur Masterclass Photo Gallery
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Venue
Sheraton Imperial Kuala Lumpur Hotel
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