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.
Business Risk Consultant, Asia Pacific
Jeffrey is a member of FM Global’s Business Risk Consulting (BRC) team in the Asia Pacific region. BRC services take a strategic approach towards helping clients identify the critical processes that drive their businesses and quantify dependencies on those processes. Through Business Impact Analysis (BIA), BRC helps clients to better understand the financial exposures to their businesses, to strengthen business resilience and develop effective risk management strategies.
Jeffrey joined FM Global in September of 2018. Prior to joining FM Global, Jeffrey was a Risk & Compliance Manager in the Group Finance department of The Great Eastern Life Assurance Company Limited, where he specialised in business process improvements and developing risk strategies. Prior to Great Eastern, Jeffrey served as a Corporate Improvement Manager in a publicly listed supply chain management company. He also had experience in performing financial statement audits in a range of industries, during his stint as a Senior Assurance Associate in Deloitte.
As a member of the Business Risk Consulting Group, Jeffrey is primarily responsible for conducting Business Impact Analysis, working in partnership with FM Global clients, to fully identify and quantify the client’s financial exposures as they relate to property and business interruption loss potential. The analysis Jeffrey performs often result in the identification of significant exposures that were previously unknown or not fully understood by the client, which potentially has a material impact to risk management decisions.
Jeffrey holds a Bachelor of Accountancy degree from Nanyang Business School, Nanyang Technological University of Singapore. He is also a certified Chartered Accountant.
Asia Complex Loss Director
Guido Gavio is the Asia Complex Loss Director for BELFOR Asia. He has more than 22 years of experience in handling restoration projects for companies suffering from losses after a disaster. He joined BELFOR Asia, then known as Relectronic – Remech as a Restoration Engineer in Australia in 1996. He rose through the ranks and was seconded to Thailand for 3 years from 1998 to 2001 before being posted to the regional Headquarters in Asia in 200
Guido studied electrical engineering at the Universidad Technologica de Buenos Aires in Argentina. Upon graduation, Guido worked at the National Institute of Industrial Technology assisting with research programs in the area of superconductors where he gained considerable hands – on experience in developing and building prototypes. Guido then migrated to Australia where he worked for Telstra in the design and construction of the cable and internet network.
Upon completion of the Telstra project, Guido joined Relectronic – Remech. BELFOR Asia has the capability to recover buildings, production lines and other property, following disaster incidents such as fire, explosion, earthquake, typhoon, wind, flooding, rain, water ingress, chemical spills etc.
The company has maintained the market leader position for disaster recovery in Asia for the past 25 years, and is now handling more than 1,600 industrial disaster incidents per year.