Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

Coronavirus: Companies need to activate business continuity plans sooner rather than later, says Parima

The Pan-Asia Risk & Insurance Management Association (Parima) has created a webpage for its members to keep them abreast of the latest developments with the novel coronavirus and provide support and advice at this difficult time for all companies in the region. Parima chairman Franck Baron is also Singapore-based group deputy director, risk management and insurance at International SOS, the…

Asian risk managers under less pressure on cyber, D&O and climate change than international peers

Asian risk managers under less pressure on cyber, D&O and climate change than international peers

Asian risk managers under less pressure on cyber, D&O and climate change than international peers

Cyber coverage is being extended across Asia-Pacific and big investment is being made in raising awareness of the risk by authorities across the region, but risk and insurance managers still seem unwilling to recognise the need for the cover, according to Franck Baron, chairman of the Pan-Asia Risk Management and Insurance Association (Parima) and group general manager – risk management…

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Parima members urged to focus on business travel risk as concerns over geopolitical shifts rise

Security threats, civil unrest and geopolitical unrest are the three top risks that may persuade business travel managers to change their itineraries in 2020, according to the Business Resilience Trends Watch Survey carried out by medical and travel services company International SOS. The survey, based on responses from more than 1,300 business travel decision-makers, is carried out in partnership with…

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Cyber remains top of the list for Indian risk managers finds RIMS-Marsh survey

Large-scale cyberattacks remain the top risk for corporations across India, according to a joint study conducted by Marsh, the world’s leading insurance broker and risk adviser, and RIMS, the North America-based international risk management society. The resulting report, Excellence in Risk Management – State of Risk Management in India in 2019, was published by RIMS and Marsh at the RIMS Risk…

Asian risk managers struggle with new experience of hardening market: Baron

Asian risk managers struggle with new experience of hardening market: Baron

Asian risk managers struggle with new experience of hardening market: Baron

Risk and insurance managers across the Asia-Pacific region are struggling to deal with the new experience of having to deal with a hardening market, according to Franck Baron, president of the Pan Asia Risk & Insurance Management Association (Parima), speaking as it met for its conference in Kuala Lumpur this week. But the increasingly challenging market conditions actually present Parima…

Baron opens Parima conference with call to members to learn language of the c-suite

Baron opens Parima conference with call to members to learn language of the c-suite

Baron opens Parima conference with call to members to learn language of the c-suite

Risk and insurance managers across the Asia-Pacific region need to up their game when in communication with the c-suite and the board, and learn the language of the business as well as risk, so that senior management can better appreciate the value that they bring to the table, said Franck Baron, president of the Pan Asia Risk & Insurance Management…

PARIMA expects 300 delegates at latest event as intangible risks take centre stage

PARIMA expects 300 delegates at latest event as intangible risks take centre stage

PARIMA expects 300 delegates at latest event as intangible risks take centre stage

The Pan-Asia Risk and Insurance Management Association (PARIMA) expects up to 300 delegates to attend its final regional conference for 2019 on 4-5 November, which will be held at the Pullman Kuala Lumpur City Centre Hotel in Malaysia’s capital. PARIMA now has more than 2,000 members representing more than 1,130 companies across the Asia-Pacific region, and has been a real…

Parima teams up with WTW to focus on business risk profile

Parima teams up with WTW to focus on business risk profile

Parima teams up with WTW to focus on business risk profile

Parima will hold its latest Risk Lab seminar with Willis Towers Watson (WTW) on 16 September, at the broker’s offices in Singapore. The latest seminar is designed to help risk managers assess and “future-proof” their company’s business risk profile. The half-day event will be opened by Rob De Jonge, head of international, risk and analytics at WTW. He will be followed…

AIG to affirm or exclude cyber cover in P&C policies from January 2020

AIG to affirm or exclude cyber cover in P&C policies from January 2020

AIG to affirm or exclude cyber cover in P&C policies from January 2020

AIG announced yesterday that, as of January 2020, virtually all of its commercial property and casualty policies will begin affirmatively covering or excluding physical and non-physical cyber exposures. The US-based international insurance group said this move will address “market concerns” that traditional commercial insurance policies across the industry – from property to general liability – are often silent about cyber…

Parima’s Baron supports affirmative cyber but warns insurers on costs

Parima’s Baron supports affirmative cyber but warns insurers on costs

Parima’s Baron supports affirmative cyber but warns insurers on costs

Risk and insurance managers in Asia-Pacific and worldwide are facing tougher renewals with their insurers in coming months than have been seen for a very long time, and can expect serious conversations about cyber cover as the insurers seek to remove it from traditional lines and set up standalone policies instead. Franck Baron, chairman of Parima, told Commercial Risk Asia…

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