The international Directors & Officers (D&O) claims environment remains challenging due to an increase in the frequency and severity of claims. The deterioration of D&O portfolios has created an environment where insurers have been de-risking their D&O exposures as well as refining their risk appetite and the coverage being provided.
In this session, Zurich Insurance will address global D&O underwriting & claims trends, analyse the impact of the post-COVID economic situation on D&O, highlight newly-emerging risks and comment on what to expect going forward.
การเปลี่ยนแปลงทางสภาพภูมิอากาศ เป็นหนึ่งในความท้าทายทางธุรกิจที่สำคัญที่สุดในขณะนี้ บริษัทและองค์กรต่าง ๆ อยู่ภายใต้แรงกดดันที่จำเป็นต้องมีส่วนร่วมในการลดผลกระทบต่อสิ่งแวดล้อม
การอภิปรายในครั้งนี้ จะร่วมกล่าวถึงแนวคิดและวิธีการการจัดการความเสี่ยง ซึ่งจะมีส่วนสำคัญต่อทิศทาง และการนำไปสู่เส้นทางการเปลี่ยนแปลงที่พัฒนาต่อไปอย่างยั่งยืนโดยแท้จริง
An organisation is only as resilient as its workforce. Employees are becoming a criticalstakeholder for businesses today, whose success depends on the strength and agility of their workforce to manage through and rebound from today’s setbacks while also preparingfor tomorrow. From talent attraction, retention and development, to inclusion and diversity — what were once seen as human resources challenges are now becoming C-suite imperatives, challenging leaders to rethink risks and opportunities. In this volatile and complex operating environment, building workforce resilience is key to success. Learn how organisations can make better workforce decisions and solve these challenges.
Climate Change and Sustainability is on everyone’s minds, but countries in Asia are at different phases of this important journey. In this session with Zurich Insurance, we will take a look at how Asia is progressing, and deep dive specifically into Malaysia. We will also examine how risk management plays a key role in this topic and what we can all do together to build a more resilient landscape.
The morning will start off with PARIMA’s Chairman, Franck Baron welcoming everyone back to our in-person conference after a 2 year absence. Together with Samantha Teo, PARIMA’s Associate Director, they will give a short address on the risk management challenges PARIMA faces and where it is headed for the future.
As the risk landscape evolves, businesses need more than their traditional insurance programmes to ensure that their risk management strategies remain effective and relevant for the immediate and distant future. We see the increasing prevalence of self-insurance, amplified action on ESG risks and alternative risk transfer schemes to supplement the needs of businesses, but others still believe that investing in such strategies will be too much of a leap of faith. As the impact of climate change becomes more visible and the frequency of grey swan events rises, how should corporations prioritise investment in innovation to future-proof their businesses?
The world is transforming at an unprecedented pace. At Zurich Insurance, we believe we can have a positive impact in our role as insurer, investor, employer and in society, with the knowledge, skills and capabilities and spirit to make a difference. In this session, Tulsi Naidu, APAC CEO for Zurich, takes a closer look at the Social component of ESG and what it means for risk managers.
Stream A - Main Stage
Whilst security is good, resilience is better. In today’s (and indeed tomorrow’s) evolving anddynamic risk environment, every organisation must assume that its value-generating activities will be halted in some way, and that the best approach to mitigate this is to know how best to skilfully and rapidly get going again. Let’s explore the evolution of the cyber riskposture from one of prevention to one of resilience–and while one can hope for the best, itis imperative to plan for the worst.
Stream B - Room B
Rising geopolitical tensions are presenting immense challenges for supply chain reliability and heightening sensitivity to trade flows. The shift towards resource nationalism and protectionism is challenging the recent trend with regards to globalisation. How can organisations stay both globally connected and locally informed? Which areas should they devote more attention to, in order to effectively manage geopolitical exposures impacting their supply chains and therefore strengthen their supply chain resilience?
Stream A - Main Stage
Mental health exists on a complex continuum with experiences ranging from good wellbeing to debilitating states of suffering. According to WHO, 15% of the working adults suffered from mental disorders in 2019. Every year companies lose productivity due to depression and anxiety disorders. There are actions that companies can take to prevent mental health risks at work as well as support those with mental health conditions. This session aims to introduce some of the solutions to address the mental health continuum, followed by a panel discussion on how companies can promote physical, financial, and mental health in the workplace.
Stream B – Room B
The surge of natural disasters over the decades has led to a gap in traditional indemnity-based insurance. This is where parametric comes into play to dovetail traditional insurancesolutions with simple trigger and payout mechanisms and at the same time,covering abroad nature of risk related to natural disasters. Industry leaders from Descartes Underwriting and Swiss Re Corporate Solutions will be sharing case studies on how tailored parametric solutions successfully sped up recovery of businesses impacted by varying types of natural disasters, to be facilitated by PARIMA Board Member Annacel Natividad who has experienced the wonders of parametric for her organisation.
Stream A – Main Stage
The incredible pace of change led by data analytics and new technologies on the world of work has created a significant challenge for multinationals to tackle rising costs while providing coverage for the demands of employees for the future. MAXIS GBN will share a comparison of claims data for 2020 and 2021 to a benchmark of 2017 to 2019 to highlight the biggest changes in healthcare claims, explore the potential reasons for it and what this could mean for multinational employers. Mercer and Aon will provide insights into the industry landscape, key areas of concerns and role of predictive analysis in risk mitigation. Now is the time to start preparing for the future.
Stream B – Room B
As insurance markets go through choppy times, a captive is increasingly seen as a vital tool for risk managers in Asia to take control of their exposures. Embracing captive techniques means more chance to manage, finance & control risk. As the sector becomes more mature in the region we take an opportunity to recap where are we now, and look towards the future. Amongst other matters, how should Asian captive owners organise themselves more effectively to lobby for future interests?
Inflation soars across the globe including Asia. The three “I”s–Inflation, Interest rates, and Invasion (the Russian invasion of Ukraine) are key issues for business leaders of all industries. Our session unveils Asia perspectives on inflation risks from our risk advisors and how businesses can respond to this challenges and become more resilient for future crises.
What a week this has been! After 15 sessions across 3 days, this final plenary session brings together a panel of Risk Professionals from various industries and countries to share more about their key takeaways of Resilience Week.
We recap the week and our key learnings that risk professionals should be aware of, summarise key insights and what we can take forward to 2023.
Join us as we conclude 2022 Singapore conference, and when we will unveil our new locations for 2023