Singapore event draws risk managers from around Asia-Pacific

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Risk professionals converged in Singapore last month for the first Lloyd’s-PARIMA Professional Development Programme.

The two-day seminar, held from 30-31 August, was designed to build knowledge and expertise for the 17 risk managers that attended from Australia, Japan, the Philippines and Singapore.

PARIMA executive director Stacey Huang said: “The dialogue and interests generated from the discussions show the strong appetite risk managers in Asia-Pacific have to better equip themselves about the market.”

The programme provided participants with an overview of the Lloyd’s insurance market, insight into the latest emerging risks, an understanding of the underwriting process and how a risk is priced, an understanding of international insurance regulations and their impact on insurance programmes, and how claims are handled.

Lloyd’s Asia-Pacific chief executive Kent Chaplin said: “We were delighted to host the first group of risk managers and share our risk expertise.

“Lloyd’s provides first-class educational and networking programmes for risk managers, brokers, and insurance professionals across the world and through this partnership with PARIMA we aim to raise the profile and professionalism of the risk management industry in the Asia Pacific region and the vitally important role these people play in protecting their organisations.”

The next Lloyd’s-PARIMA Professional Development Programme will take place in Hong Kong on 14-15 November 2016. Applications will close on 30 September.

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