The world appears, on the surface, to be moving away from globalisation with talk of national agendas, tariffs, and potential trade wars. But much of this is political talk. The business world appears to be moving, not towards de-globalisation, but a shift to a multipolar world.

Nevertheless, political instability and tensions are concerns for businesses. And with such a challenging risk landscape, incorporating conflict, trade wars, growing climate risks, social inflation and supply chain disruption, the need for a coordinated, controlled global insurance programme is greater than ever.

This second edition of the Global Programmes Asia conference examined the challenging risk landscape and asked how the political tensions could affect corporate risks globally.

It provided an update on the insurance markets regionally in terms of rates, coverage and T&Cs, as well as focused on some key areas, from political violence and terrorism to protecting executives, to transactional risk insurance.

A big focus of the conference was on climate risk and the increasing levels of extreme weather, a particular concern for Asian markets. A key session examined the growing risk, how corporates can improve their resilience, as well as the role of parametric covers and captives in financing climate risks.

Finally, the conference tackled the ongoing issues in the global programme world, from tax and regulatory changes, a growing role for captives, the importance of data and digitalisation, and the nuts and bolts of global programmes: premium allocation and the setting of retention levels.

Risk landscape
How growing political tensions and political unrest, as well as supply chain disruption, potential trade wars and increasing reliance on technology affect global programmes

Value for money
Offering insights on obtaining the best deals from the insurance market and demonstrating effective risk management in a hard market environment. Our industry experts discussed how to use captives and how new technology and digitalisation are improving claims management.

Networking opportunities
Providing over 4 hours of networking breaks. Participants were given ample time to meet with peers, industry professionals and solution providers. The event provided a collaborative environment where individuals could share experiences, insights and innovative strategies for optimising global insurance programmes.