The discussion will cover:
- the costs of stress
- developments in litigation and legislation
- options for corporate intervention
- what works and what doesn't
- stress audits and risk assessments
- stress and wellbeing training
- developing an action plan.
WHAT KEEPS YOUR DIRECTORS AWAKE AT NIGHT? is the question that Robert Parry, Zurich group insurance manager and AIRMIC Council member, and Chris Holden from Tube Lines Ltd will be considering in their interactive workshop today. Using a case study to explore the key principles of risk management and the methods of implementation, areas for discussion will be the new environment of corporate governance, who should analyse risk and how, who should determine risk appetite and how, and who should control risk and how. Participants will be asked to brainstorm the risks that affect the business and consider effective controls, with the aim of generating a draft operational risk register for the organisation.
FINANCIAL STRENGTH SHOULD BE SEEN IN TERMS OF DEGREES OF PROBABILITY - shades of grey - rather than certainty - black and white - says Peter Hughes of Standard & Poor's. Issues that he will be discussing in his workshop today include:
- the need for the insurance market and policyholders to gain a better understanding of credit risk
- the little understood value of insurance extending beyond just smoothing results
- the need to take care with self insurance to ensure that increased exposure is not a burden
- the impact that the way you buy insurance may have on your own company's creditworthiness
- whether most corporate failures are as a result of concentration risk.
