2016 Feb C20 – Risk Management and Why it Really (Really) Matters

For the business professional, the basics of “buy low, sell high” is a fundamental of how every company trades worldwide.  However, selling a car as a car dealer has different trading requirements than the business of fulfilling a prescription as the pharmacist.  Every profession has the similar standard business practice foundation, but also has varying requirements within their business.  With the increase in government regulatory requirements, legal changes, natural and man-made disasters, and a global environment, and many other dynamic variables, the world is changing.  Companies must be more aware of the risks of doing business.

Insurance is a business all about understanding risk and managing those risks.  In this month’s CI lunch, CEOs will have a chance to hear about risk management.  Specifically risk management from the insurance business directly from AIG Japan KK’s CEO, Mr. Robert L. Noddin.  He’ll be sharing on Risk Management and Why it Really (Really) matters.  We will be discussing real business issues and examples such as

• Potted history of insurance risk management in Japan: Keiretsu to Case Agents to ….something new?
• Case study: Thai floods and the Great Eastern Earthquake in Japan – a surprising comparison of claims paid
• Japan: Significant premium pool; Worryingly low commercial coverage relative to insurable interests
• What does a sophisticated risk management structure look like?