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I believe one of the ways forward is for insurers, underwriters and brokers to actively engage risk managers. This can help them understand and appreciate how Enterprise Risk Management and Business Continuity Management help organisations effectively & holistically manage risk. It can be in the form of participation by insurers, underwriters and brokers in seminars, round tables, workshop and training on best practices (particularly in standards & guidelines like the ISO 31000 and ISO 22301) organised and led by risk managers.
"There is a need for an army of risk managers in every business""Roland Teo, board member of the Risk & Insurance Management Association of Singapore, board member of the Pan-Asia Risk & Insurance Management Association and head of group enterprise risk management for a paper and pulp firm, believes humancapital issues strike at the heart of risk management itself. “Having people on the ground who should be risk managers is important. There needs to be an army of risk managers in every business,” he says. “Iknow of companies already trainingpeople on the ground at our business, not simply in terms of health and safety, but in aspects of enterprise risk. “There is a need for this in businesses across Singapore. Everyone in a company needs to be a risk manager.”Please add your comments and read full report from -http://www.strategic-risk-global.com/risk-report-singapore-tales-from-a-city-where-risk-is-everything/1404255.article
RIMAS Breakfast Talk-Jointly Organized with Aon & ISCA(and Follow up of Previous ISO 31000 dialogue )Benchmarking Your Risks (Everyone is a Risk Manager Series)TripleOne Somerset Singapore | City Campus | 111 Somerset Road #06-06/07 | Seminar Rooms 6&7 | 21 November 2013A Practical Approach To The Future of Enterprise Risk Management (ERM)Update on global Enterprise Risk Management landscape for best practices (COSO & ISO 31000) and sustainabilityInsights on practical Enterprise Risk Management for organisations, where “everyone is a risk manager”, the NUS experience. (Dennis Lee, Chief Risk Officer, National University of Singapore (NUS) & Governing Council Member, Risk & Insurance Management Association of Singapore (RIMAS))An Update on the Risk Maturity FindingsIn collaboration with the Wharton University of Pennsylvania, Aon published in February 2013 the initial Risk Maturity Index findings. The publication focused on the correlation between financial performance and the level of maturity in an organisation's risk management strategy and execution. Our teams have now taken this to the next level and we will present the latest findings. (Eric Schaap, Regional Director , Aon eSolutions)Practical Experience – Hands-on Case StudyWith the basis of the previous 3 events in this series (which we will briefly re-cap), we will work in groups to set out the best risk maturity journey. Discussions in both the breakout group as well as the full attendee group, will result in actual approaches, challenges and ideas to contribute to the valuation of Risk Management within an organisation. You will take these discussions and the outcome with you to engage within your organisation.(Devan Balakrishnan – Moderator, Regional Director ERM, Aon Global Risk Consulting)Agenda08.00-08.20 Registration08.20-08.30 Opening - CEO, ISCA, Mr Lee Fook Chiew 08.30-08.40 Welcome – 1st Vice President, RIMAS, Dr Roy Rimington08.40-09.20 Key Note: A Practical Approach to the Future of ERM09.20-09.50 Update on RMI Findings09.50-11.15 Workshop – A Practical Experience11.15-12.00 Discussion Panel – Revisit Key Take AwayComplimentary passes for all RIMAS members Non- RIMAS members – Only pay S$50 (entitled to a RIMAS ordinary member (if eligible))Total savings of S$125 ((entrance fee of $75 and annual fee of $50))To RegisterSend email with name, i/c number, designation, organization name, contact number & email address to Sandy Chen- firstname.lastname@example.org. Those paying S$50 will send cheque with the above particulars to the following address- (seats confirmation only upon receipt of payment)- Miss Sandy Chenc/o AIR office , Ins Communication Pte Ltd69 Amoy StreetSingapore 069888
Panel DiscussionModeratorRoland Teo, Governing Council Member, Risk & Insurance Management Association of Singapore (RIMAS)MembersDennis Lee, Chief Risk Officer, National University of Singapore (NUS) & Governing Council Member, Risk & Insurance Management Association of Singapore (RIMAS)Eric Schaap, Regional Director Aon eSolutions Devan Balakrishnan, Regional Director ERM, Aon Global Risk ConsultingFounding Board Member, Pan Asia Risk & Insurance Management Association (PARIMA)Tan Shuh Lin, Director, Head of Risk Management, Asia Australasia InterContinental Hotels GroupDean Kong, Senior Manager (ERM) , Changi Airport Group
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