Name: World Economic Forum COVID-19 Risks Outlook
Start: 2020-07-17T08:00:00Z
End: 2020-07-17T08:01:01.000Z
Location: BrightTALK
Rating: 4.67

A global leader in insurance broking and innovative risk management solutions, Marsh’s 35,000 colleagues advise individual and commercial clients of all sizes in over 130 countries.

As daily case counts in the US hit new records and European countries go back into lockdown, the pandemic shows no signs of abating. Businesses continue to grapple with the challenges COVID-19 has brought to their operations and revenue streams. As highlighted in the World Economic Forum's COVID-19 Risks Outlook report, supply chain and cyber security remain top of mind for executives and risk managers everywhere.

As a follow-up session to an earlier webcast on COVID-19 risk implications, Marsh and Zurich is hosting a special webcast for a deep dive into:

- Pain points on the supply chain.
- A case study of technology disruption within the supply chain.
- How to manage your pandemic response and recovery from a supply chain perspective.
- Best practices to manage your cyber risk.

No Interruptions Please – Safeguard Your Supply Chain

The global insurance markets remain challenging for buyers, and it is crucial that they have a better understanding of pricing factors, and the tools they can use to manage insurance programs proactively. Join us for a panel discussion with Marsh and leaders from across the insurance industry to learn more about what is driving pricing and coverage changes, as well as how you can generate better outcomes during your next renewal.

Panelists will share their perspectives on:
•	Current conditions for buyers and what you can expect later this year and into 2021.
•	Analysis of the financial health of the property and casualty insurance industry.
•	How COVID-19 adds to market challenges and what is top-of-mind for insurance companies.
•	What you should do to be ready for upcoming renewal discussions and position your organization to obtain more favorable pricing, terms, and conditions.

Moderator:
John Donnelly, Marsh Global Placement Leader, Asia and Pacific

Panelists:
Marsh - David Jacob, CEO Asia

QBE Insurance - Lei Yu, CEO, North Asia & Regional Head of Distribution, Asia

Chubb - Paul McNamee, Senior Vice President, Chubb Group & Regional President, Asia Pacific

Allianz Global Corporate & Specialty - Mark Mitchell, Regional Managing Director, Asia Pacific

Zurich Insurance - Reginald (Reg) Peacock, CEO, Singapore Branches & Head of Commercial Insurance, Asia

Understanding the Transitioning Commercial Insurance Marketplace

Risk within Real Estate is evolving and this presents many challenges to stakeholders. The impact from more frequent extreme weather events needs urgent attention to bring about long term solutions, while the ongoing pandemic has changed the way we live, work, and play. Other risks, such as cyber, have become more prominent as a result of the changes we are experiencing. 

Awareness of how these risks are priced into investment decisions is increasing as investors consider the ability of assets to generate income in a shifting risk environment. Resilience, and the extent to which a building can resume operations after a loss event, therefore factors prominently in the valuation and value of an asset. 

Resilience is also a key criteria pre-development, and can drive locational decisions in risk exposed areas. This has implications for the built environment, communities, and cities. As such, mitigation measures and contingency plans require careful consideration, by both public and private entities. 

While any of these issues present considerable challenges, they also present opportunities for those willing and able to act now. Join this webcast to hear from industry experts - insiders representing a cross-section of Real Estate - to find out more about some of the ways you can enhance resilience and value for your properties.

Staying Resilient in Real Estate: hear from the industry insiders

As detailed in our recent paper, Navigating the Rapidly Changing D&O Market: Act Early and Stay Engaged, several factors, including the evolving COVID-19 pandemic, have contributed to what is quickly becoming a hardening market for Directors and Officers liability (D&O) insurance in Asia.

How do we deal with a capacity crunch in the Asia D&O market? How do Asian multinationals overcome the complex web of global regulations? How should directors and officers confront increased scrutiny of their pandemic response?

These are the key questions experts from Marsh and Chubb will address in an upcoming webcast. Navigating this rapidly changing market requires thoughtful advice, experience broking, and the best support possible from your team of specialists, so our speakers will share tips to achieve the best outcomes in your renewal process.

Achieve the Best Outcome in the Rapidly Changing D&O Market

The dual effects of a hardening insurance market coupled with ongoing COVID-19 related cost pressures mean that organizations are increasingly faced with tough choices in managing expenses. In this session, we will focus on our sophisticated Cost of Risk modelling, which identifies the most economically efficient means to finance risk. This assessment can help organizations decide how much risk to retain, how much risk to transfer to insurers, what appropriate risk-adjusted premium levels should be, and ultimately how to plan for the best insurance coverage to optimize total cost at an acceptable risk level.

Measured Steps to Recovery - Risk Finance Optimization

In the current environment, organizations are exposing their digital assets to new cyber risks. COVID-19 themed phishing emails and malware are on the rise, increasing exposure from within. Organizations are also struggling to implement newly required controls in a timely fashion. The balance between security, privacy, and flexibility seems more delicate and complex than ever before. In this session, we will advise risk managers, IT managers, and security professionals on simple and effective quick wins for better resilience in an uncertain world. We will address common myths and mistakes in risk management and cyber security strategies, and explore risk transfer solutions.

Measured Steps to Recovery - Cyber Resilience

As business leaders continue to navigate the local and global challenges arising from the pandemic, they are increasingly focused on recovery and resumption of activities effectively. These involve dealing with the uncertainties arising from the progressive lifting of safe distancing restrictions, preparing for the impact from potential second-wave infections, and providing for operational and supply chain contingencies. In this session, we will outline a practical approach towards Return to Work planning, scenario modelling, and long term resilience planning, enabling organizations to come back online.

Measured Steps to Recovery - Return to Work Planning

The global insurance market continues to undergo considerable change. Tightening capacity, the fallout from COVID-19, reduced investment returns, and sustained losses in the power and downstream energy sector are all influencing market behaviors.

The power sector is one of the most impacted by these changes, and in these turbulent times, it is critical to stay abreast of the likely impacts. We are therefore hosting a webcast in which we will discuss market conditions and review:

- The trends of international insurers/reinsurers' capacity & rates.
- Results seen in the first half of 2020.
- Insurance market behaviors and international insurers' attitudes towards different forms of power generation.
- The impacts on insurers from tightening reinsurance market conditions.
- COVID-19 restrictions and what to expect.
- Suggested strategies for minimizing the impacts of market changes. 

Please join power specialists from Marsh and Guy Carpenter on June 4 as we walk you through market conditions, as well as our expectations for the power industry for the remainder of 2020 and beyond.

The Power Insurance Market at a Time of Disruption

The COVID-19 pandemic is an unprecedented crisis with virtually no point of reference in modern history. It has brought businesses and even economies to a virtual standstill.

In some cases, entire industries are on the verge of collapse due to business disruptions, depressed demand, and/or difficulties in managing cash flow and servicing debts. In other cases though, new industries and operating models are blooming, and businesses may be looking at financing to leverage on the emerging growth opportunities.

These represent both risks and opportunities for Financial Institutions, and other companies with Trade Credit exposures. How can you manage your risks, while trying to make the best out of a challenging situation for your business?

To successfully navigate a pandemic, organizations need to develop responses tailored to their business, industry, and risk profile. Marsh’s Pandemic Response Cycle tool can help organizations through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine effectiveness in: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.

Navigating the Pandemic Cycle for Financial Institutions and Trade Credit

Even as governments in Asia are gradually and cautiously easing restrictions, the socioeconomic effects of COVID-19 look to be prolonged. Technology and sharing economy players are faced with mixed fortunes as a result of this pandemic.

Supply chain disruptions and the economic downturn mean that both supply and demand for high tech and discretionary consumer products have been impacted. On the other hand, the proliferation of remote working and learning and the need for contact tracing have led to greater demand for new and related hardware and software.

Sharing economy companies involved in mobility, short-term accommodation, and co-working space saw volumes plummet due to lockdowns, but those facilitating food and grocery delivery have experienced the reverse.

To successfully navigate a pandemic, technology and sharing economy players need to develop responses tailored to their business and risk profile. Marsh’s Pandemic Response Cycle tool can help organizations through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine effectiveness in: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.

If you have any questions for our speakers to address, you can send them ahead of the webcast to asia.information@marsh.com.

Navigating the Pandemic Response Cycle for Technology Firms and Sharing Economy

Navigating the Pandemic Cycle for the Manufacturing and Automotive Industries

The COVID-19 pandemic is an unprecedented crisis with virtually no point of reference in modern history. Organizations, and their leaders, are struggling to keep pace in responding to the constantly-evolving situation.

In such circumstances, leaders may be inadvertently exposed to additional risks and liabilities while navigating the organization through the challenges. Directors and Officers are under immense pressure to make decisions on matters in which there are no previous references to fall back. Inevitably, there may be oversights and less-than-optimal outcomes. As a leader, are you prepared for the liabilities and risks that may arise from these?

Marsh, in collaboration with Tilleke & Gibbins and AIG, will be outlining the key responsibilities of the Directors and Officers, your personal liabilities, and the mitigation measures and solutions available for leaders and executives as individuals.

Liabilities and Risks for Leaders When Dealing with a Pandemic Crisis (in Thai)

Our healthcare workers are fighting hard on the frontlines of our battle against COVID-19. And the world has responded with a virtually unanimous outpouring of appreciation and gratitude, as seen on social media and in the mass media where people are applauding and celebrating these heroes.

In spite of the historically high regard our doctors are now being held in, medical malpractice and public liability remain critical concerns for both hospitals and their staff. The strain of treating a large number of patients and of defering non-emergency treatment comes with other risks as well.

To successfully navigate a pandemic, organizations in the healthcare industry need to develop responses tailored to their business and risk profile. Marsh’s Pandemic Response Cycle tool can help organizations through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine effectiveness in: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.

If you have any questions for our speakers to address, you can send them ahead of the webcast to asia.information@marsh.com.

Navigating the Pandemic Response Cycle for the Healthcare Industry in Asia

The COVID-19 pandemic is an unprecedented crisis with virtually no point of reference in modern history. Organizations are struggling to keep pace in responding to the constantly-evolving situation.

The Life Sciences industry has been experiencing mixed fortunes, with developments creating new threats and opportunities at the same time. Its experience has been unlike that in many other industries which have experienced impacts that are more pronounced, whether positive or negative.

Many firms are scrambling to develop tests, vaccines, and treatments for COVID-19, while also trying to advance treatments across therapeutics areas, secure supply,  safeguard employee well-being, ensure business continuity, and drive innovation in other areas. These unique circumstances demand tailored mitigation measures that can only be appreciated by people familiar with the way the industry operates and the challenges it faces.

Navigating the Pandemic Response Cycle for the Life Sciences Industry

As the COVID-19 pandemic continues with far-reaching effects on businesses around the world, real estate and construction companies are concerned about the implications for their operations and workforce.

The real estate industry is faced with questions on how to preserve value and liquidity, while keeping facilities, tenants, visitors, and workers safe, in compliance with regulatory requirements. The construction industry, on the other hand, is challenged with project delays due to shortage of labor and materials, arising from new measures by some governments to stem the spread of the virus and also from supply chain bottlenecks.

To successfully navigate a pandemic, organizations need to develop responses tailored to their business, industry, and risk profile. Marsh’s Pandemic Response Cycle tool can help organizations through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine effectiveness in: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.

If you have any questions for our speakers to address, you can send them ahead of the webinar to asia.information@marsh.com.

Navigating the Pandemic Cycle for the Real Estate and Construction Industries

The COVID-19 pandemic is an unprecedented crisis with virtually no point of reference in modern history. Organizations are struggling to keep pace in responding to the constantly-evolving situation.

The Food & Beverage and Hospitality & Gaming industries have been among the most impacted. The pandemic's effects have been markedly different from those experienced by other industries, demanding unique mitigation measures. With a large proportion of the world population in various degrees of lockdown, these businesses' operations, revenues, employee well-being, and supplies have been disrupted in ways that nobody has ever seen previously.

To successfully navigate a pandemic, organizations need to develop responses tailored to their business, industry, and risk profile. Marsh’s Pandemic Response Cycle tool can help organizations through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine effectiveness in: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.

If you have any questions for our speakers to address, you can send them ahead of the webinar to asia.information@marsh.com.

Navigating the Pandemic Cycle for Food & Beverage and Hospitality & Gaming

No matter how prepared we think we are for a pandemic, we’ve seen over the past months that the situation can escalate rapidly, with very real implications for businesses. Organizations can find themselves struggling to keep pace as the pandemic’s growth hijacks the in-place risk management framework. How an organization responds to a pandemic like COVID-19 depends on preparedness, resources, and the stage of the pandemic cycle.

To successfully manage through a pandemic, organizations need to be agile and develop response strategies tailored to their business and risk profile, which are then tested constantly to ensure their effectiveness. Marsh’s Pandemic Response Cycle tool can help organizations navigate through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine the most effective ways to respond to and manage these challenges: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.

If you have any questions for our speakers to address, you can send them ahead of the webinar to asia.information@marsh.com.

Navigating the Pandemic Response Cycle

The COVID-19 pandemic has triggered an economic crisis across the world, threatening lives, livelihoods, businesses, and even entire industries. This crisis has exposed shortcomings in preparedness. Organizations have struggled to respond to the economic, environmental, societal, and technological challenges, or to anticipate emerging risks.

The World Economic Forum's COVID-19 Risks Outlook seeks to provide a preliminary picture of which familiar risks may be amplified by the crisis, and which new ones may emerge. It taps into the views of nearly 350 senior risk professionals who participated in the COVID-19 Risks Perception Survey. They were asked to take a view on 31 risks across three dimensions: most likely for the world, most concerning for the world, and most worrisome for companies.

Marsh & McLennan and Zurich Insurance Group, regular contributors to the WEF Global Risks Report, are proud partners in producing this report. Marsh and Zurich Insurance in Asia are pleased to discuss some of the report's key findings and risk implications with business leaders and risk managers across the region at this webcast.

World Economic Forum COVID-19 Risks Outlook

Covid-19

Risk Management

Risk Mitigation

Sustainability

Asia

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