Local CEOs promote risk management at Parima’s Manila conference

Local CEOs promote risk management at Parima’s Manila conference

Local CEOs promote risk management at Parima’s Manila conference

The chief executives of two prominent Philippines corporates were the star speakers at the recent Pan-Asia Risk and Insurance Management Association (Parima) conference – the first to be held in the Philippines. Jaime Augusto Zobel de Ayala, chairman and chief executive of Ayala Group, the country’s oldest conglomerate, spoke about the importance of risk management in order to navigate the…

Brexit should have minimal impact on insurance buyers says Airmic

Brexit should have minimal impact on insurance buyers says Airmic

Brexit should have minimal impact on insurance buyers says Airmic

As the UK triggers the process of leaving the EU, its insurance and risk management association Airmic has said there should be only a minimal impact on insurance buyers. The UK fired the starting gun on the Brexit process this week, triggering Article 50 of the Lisbon Treaty by notifying the EU of its intent to leave. While not catastrophic,…

The keys to the kingdom – risk manager profile

The keys to the kingdom – risk manager profile

The keys to the kingdom – risk manager profile

One of the most notable traits of Asia’s growing risk management industry is the eclectic nature of its protagonists. It is rare that anyone responsible for a company’s risk management does not have other responsibilities thrust on their shoulders. In the case of Parikshit Sen Gupta, vice-president, finance for the Shangri-La Group, his work for the Hong Kong-based hotel group…

US and South Africans to lead risk management initiative in Lagos

US and South Africans to lead risk management initiative in Lagos

US and South Africans to lead risk management initiative in Lagos

Risk management professionals from the US and South Africa are to lead a four-day event in Lagos, aimed at improving risk management in the west Africa region. Anthonia Beri, programme director at National Fire Prevention Awareness and Advocacy (NFPAWA), said the organisation discovered a wide gap in skills and knowledge in life, fire safety, security risk management and mitigation. She added…

Insurance is too cheap, says Parima chairman

Insurance is too cheap, says Parima chairman

Insurance is too cheap, says Parima chairman

Franck Baron, chairman of the Pan-Asia Risk and Insurance Management Association (Parima), has taken the unusual step of suggesting that insurance rates are too low. Speaking to Commercial Risk Asia, ahead of the association’s conference in Manila, [see p14] he said risk managers must be prepared to pay the proper price for a proper insurance programme if they are to…

Seize the day – Parima interview

Seize the day – Parima interview

Seize the day – Parima interview

The current era of uncertainty is a great opportunity for Parima and its members to seize the initiative and demonstrate the worth of risk managers. 2017 has begun at a breakneck pace for the risk management community, including the Pan Asian Risk and Insurance Management Association (Parima). The association’s annual congress in Singapore in late November came in the wake…

Time for women in risk to stand up and be counted

Time for women in risk to stand up and be counted

Time for women in risk to stand up and be counted

International Women’s Day 2017 was celebrated last week, and women in risk management were no exception. The UK’s Institute of Risk Management (IRM), which includes a chapter in Kenya as well as in South Africa, celebrated the global event by highlighting the role of women in risk. The institute comments: “While it may not be easy to predict what tomorrow’s…

Women in risk – changing times

Women in risk – changing times

Women in risk – changing times

Female risk managers across the world are marking International Women’s Day 2017 today. The UK’s Institute of Risk Management (IRM), which includes a chapter in Kenya as well as in South Africa, has also highlighted the role of women in risk. The institute said: “While it may not be easy to predict what tomorrow’s business will require from its leadership,…

Google’s Loren Nichol wins RIMS risk manager award

Google’s Loren Nichol wins RIMS risk manager award

Google’s Loren Nichol wins RIMS risk manager award

Loren Nichol, director of business risk and insurance at Google, has been named the 2017 RIMS Risk Manager of the Year. RIMS said Mr Nichol, who joined Google in 2015, will be presented with the award at a ceremonial breakfast ahead of its annual conference on 25 April 2017 in Philadelphia. Mr Nichol is responsible for managing the business risks…

Airmic raises concern over broker conflicts of interest

Airmic raises concern over broker conflicts of interest

Airmic raises concern over broker conflicts of interest

Airmic has raised concern over conflicts of interest in brokers’ business models, calling for more transparency over how intermediaries operate and are remunerated. In a report to be published later this month, Airmic urges buyers to ensure they better understand how their brokers are paid and asks the market to work with members to allay their fears. The association flags…

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