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Risk Financing - The Way Forward

22 June

APAC

Synopsis

Businesses of all sizes have had their balance sheets and insurance programmes challenged by the COVID-19 pandemic. With organisations exposed to heightened business risks, what can they do to minimise their exposures and increase their ability to respond?

Risk financing provides companies with a potentially powerful solution. Alternative risk solutions can help provide non-traditional solutions to unique risks that are not addressed by the traditional insurance or financial markets.

Hear from both Shiwei Jin, Global Programs & Captives Regional Director APAC, AXA XL, and Kelvin Wu, Group Assistant General Manager, Risk Management and Insurance, International SOS as they share their insights and recommendations on the future of risk financing at the upcoming panel session.

At the end of the webinar, risk managers will:

  1. Gain insights to risk financing techniques
  2. Learn how to optimise the value of insurance to best support the business needs
  3. Explore the challenges of using alternative risk solutions

In preparation for the session, please help us with a short survey to help tailor the content and discussions for the session here. Please note, the survey will close on 17th June, Wednesday. 

Speakers / Moderators

Shiwei Jin

Global Programs and Captives Director, APAC
AXA XL

Kelvin Wu

Group Assistant General Manager, Risk Management and Insurance
International SOS

Key Takeaways

Earlier, Shiwei Jin of AXA XL, with Kelvin Wu from PARIMA as moderator, presented to the audience several trends on ART solutions that risk managers can consider for their organisations especially in this hardening market, such as captives and parametric solutions.

The speakers highlighted that upon considering their risk financing strategy, risk managers must be clear on what they want to retain in the balance sheet and what factors drive the business’ loss. They also agreed that while these solutions hold great potential, these serve as a complement to the traditional policy rather than being an independent product by itself, and must consider both its promise and limitations.

More About This Event​​

Presentation Deck

Cyber INCIDENT Simulation FORUm

Jeffrey Toh
Jeffrey Toh

Business Risk Consultant, Asia Pacific

FM Global

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.

Guido Gavio
Guido Gavio

Asia Complex Loss Director

BELFOR Asia

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.