Articles - Aon outlines risk management approach for emerging economies


 Organizations in Central and Eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, 100 senior risk industry professionals heard today at the annual Client Symposium hosted by Aon Global Risk Consulting, the risk management consulting arm of Aon plc (NYSE:AON).

 The event included presentations delivered by experts from the banking and insurance sectors from Barclays, SCOR Global P&C, United Insurance Company, ARUP, Chartis, InStar and the US Law Network as well as others who play a role in the identification, mitigation and financing of risk. Specific focus was placed on emerging markets, with leaders from Central and Eastern Europe, Brazil and Turkey contributing to a discussion on the relevance and potential impact of solutions that have been long-standing features of risk management strategies in other parts of the world.
 
 Throughout the event, a recurring theme of ‘Evolution and Not Revolution’ in the approach to risk management underpinned formal and informal discussions. Speakers and delegates shared thoughts on how quickly solutions from mature risk management markets such as U.S., UK and Australia could be introduced successfully to emerging economies. Many contributors referred to the next five years as being the period of time in which the risk management models in these economies would gain traction and become a core part of the business strategy of major organizations. Captive insurance companies are expected to be a key element of the strategy for many firms.
 
 Jaap Veenenbos, regional director of Central and Eastern Europe for Aon Global Risk Consulting, said, “With the magnitude, scope and complexity of risk on the rise, the key for success and growth for leaders in emerging economies is to understand and mitigate the level of risk facing today’s organizations. The need for more effective risk management solutions will continue as globalization makes the world smaller, overseas investment in Poland and additional countries increase and regulatory environments evolve. We are proud to be hosting this event in Warsaw and to be leading the debate on these critical business issues”.
  

Back to Index


Similar News to this Story

Actuarial Post Magazine Awards Winners Edition December 2024
Welcome to the Actuarial Post Awards 2024 winner’s edition and we hope you enjoy reading about their responses on having won their award. The awards
Guide to setting expense reserves under the new Funding Code
The new defined benefit (DB) funding code of practice (new Funding Code) requires all schemes to achieve funding levels that ensure low dependency on
Smooth(ing) Operator
Private equity can be a great asset. It’s generally the most significant way to have any real world impact as an investor (eg infrastructure assets li

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.