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…

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Political events can have a significant influence on the price of oil, but the price of oil also has a strong influence on political events. In 2016, the latter was in full force, with enormous geopolitical consequences from the downturn in the price of oil, according to a new report from Marsh. Its 2017 Oil and Gas Risk Reward Index…

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…

Senior management views talent scarcity as serious risk

Senior management views talent scarcity as serious risk

Senior management views talent scarcity as serious risk

Organisations are facing up to the realities of shifting demographics and new technology in terms of accessing the right talent, with senior management viewing talent scarcity more acutely than HR professionals. The 2017 Global Talent Trends Study from Mercer states: “As the competition for talent continues to rise and business models are disrupted by technology and socio-demographic shifts, organisations are…

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…

Transforming the insurance sector in Kenya

Transforming the insurance sector in Kenya

Transforming the insurance sector in Kenya

Winning consumer trust and designing insurance products fit for purpose is key in the drive to increase insurance penetration in Kenya, according to a group of insurers meeting recently in Mombasa. Some 60 insurers attending a KPMG’s ‘It is Time for Change’ event in Mombasa heard how Kenya’s new Insurance Act is set to transform the sector, driving good governance…

Singapore government issues call for cyber security experts

Singapore government issues call for cyber security experts

Singapore government issues call for cyber security experts

A new scheme designed to attract more cyber security professionals to the public sector will be introduced later this year by the Singapore government. The Cybersecurity Professional Scheme will start in July and will be managed by the Cyber Security Agency (CSA), the government body charged with overseeing Singapore’s fight against cyber crime. It is one of a string of…

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