Advisory firm WTW is to go into a three-year partnership with the Risk Management Society (RIMS) to ‘advance the practice of risk management’ within Asia Pacific organisations.
The firm said that the partnership aims to promote the development of risk professionals in the region and equip them to succeed in an evolving and challenging landscape.
Kicking off the partnership is the launch of the first RIMS-WTW Asia Pacific Risk Conference 2022. Jointly organised by RIMS and WTW, the inaugural conference will be held virtually from 26 to 28 April. It will bring together risk management professionals, business strategists, and government officials, as well as executives responsible for managing organisations’ risk portfolios from across the region.
Simon Weaver, head of corporate risk & broking for Asia and Australasia and head of Australasia at WTW, said: “As the coronavirus becomes endemic, a broad set of societal risks have become ever-present in business decision making for all organisations today. High impact risks such as climate, geopolitics, health, financial, supply chain, technology/cyber and human capital are likely to continue to increase in frequency and with simultaneous occurrence. Business leaders and risk managers need to stay vigilant, rethink their approach and raise their game in being able to respond to both threats and opportunities in an agile and timely way while continuing to maintain core business operations.”
He added: “It is important for organisations in APAC to adopt a culture of adaptability and be ready to act decisively when these events happen, minimising disruptions to their businesses as risk becomes a mainstream element of business decisions. We are therefore delighted to be partnering with RIMS on a series of events, research and skillset development for the risk management community in this region to equip them with a broad array of capabilities to strengthen organisational resilience and transform tomorrows.”
Based in New York, RIMS is a not-for-profit organisation committed to advancing the practice of risk management throughout the world. It says it has a membership of 10,000 risk management professionals in over 60 countries, and was founded in 1950.
