Risk Financing - The Way Forward
22 June
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:
- Gain insights to risk financing techniques
- Learn how to optimise the value of insurance to best support the business needs
- 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, APACAXA XL
Kelvin Wu
Group Assistant General Manager, Risk Management and InsuranceInternational 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.