Japan Nat Cat - Seven falls, Eight getting up | 七転び八起き
Learn from our panellists from Sompo Japan and Tokio Marine along with PARIMA Japan Board Members on strategies and methods that risk managers can have in their arsenal to overcome the challenges brought about by natural catastrophes in combination with the pandemic.
Efficient information gathering is a key factor for risk managers for a better cost-and-benefit perspective. Big data and analytical abilities such as disruption simulations result in greater visibility of risks. It is up to Risk Managers how they can utilize these for decision-making as scenarios become more complex.
With the market becoming more polarised, risk managers and the industry need to start collaborating and innovating risk sharing strategies. A few of these were discussed in today’s Japan Focus.
The Japanese proverb of “七転び八起き” (literally: seven falls, eight getting up) perfectly encapsulates the Japanese concept of resilience. Led by PARIMA’s board members in Japan and with the support of the leading Japanese insurers, this session will have a focus on the unique challenges that Japanese risk managers are facing and what are they prioritizing, particularly when it comes to natural catastrophe exposures which is being compounded by the global pandemic situation.
Project General Manager
Toyota Tsusho Insurance Management
BCM Consulting Department
Sompo Risk Management Inc.
Insurance Group Manager
Expert Risk Analyst
& Nichido Risk Consulting Co. Ltd.
Risk Management Department
Mitsubishi Heavy Industries, Ltd.