review loc Regional risk managers converge to discuss new needs and solutions

September 8, 2008 (Singapore) – Swiss Re's Industrial Risk Insurer (IRI), a leading provider of innovative insurance products and insurance-based corporate finance solutions for mid to large-sized corporations across the globe, hosted its first Asia Pacific Corporate Risk Forum 2008 in Singapore on 28-29 August.

More than 70 professional risk managers, insurance brokers, researchers and opinion leaders from nine Asia Pacific markets attended the two-day event to discuss the latest developments impacting corporate risk management in the region.


Forum speakers included Dr Tony Tan, Chairman of the National Research Foundation in Singapore and Deputy Chairman of the Government of Singapore Investment Corporation; Matthew Frost, Vice President Risk and Insurance for BHP Billiton and part of the team which was awarded RMIA’s Australian Risk Manager of the Year; plus Thomas Hess, Head of Swiss Re‘s Economic Research & Consulting team and editor of sigma, the insurance industry’s leading analysis publication.


The Forum was typified by lively questions from the audience which followed Dr Tan’s long-range look at the global economy, and Mr Frost’s discussion of how BHP Billiton implements ERM (Enterprise Risk Management) and approaches risk financing.


The audience was clearly in empathy when Mr Frost recounted just how cumbersome the insurance management process can be in a large conglomerate such as BHP Billiton, citing as an example a claims situation that involved dealing with 91 counterparties!

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