Raul Imperial | April 26, 2018
The Aboitiz Group’s continued growth makes finding better ways to optimize the balance of transferring and retaining risk a primary objective. More and more, there is a need to further relationships with the insurance industry’s major reinsurers.
Last April 3, AEV’s Risk Management Team led the company’s 2nd Reinsurer’s Appreciation Night in Singapore, a city which is now considered as the ‘largest Asian hub for reinsurance’ where the world’s biggest and most reputable reinsurance companies have offices, including AIG, Chubb, Swiss Re, AXA, Berkshire Hathaway, and Allianz.
In addition to the Appreciation Night, the Aboitiz Group went on a roadshow and met with groups of insurance underwriters to share updates on the company, the Aboitiz Risk Management Framework, as well as projects and plans across strategic businesses. This provides a better understanding of the Group’s businesses and how it effectively manages its risk exposures.
Building a multi-layered strategic partnership with the insurance industry is part of AEV Risk Management Team’s stakeholder engagement strategy. With over 65 insurance executives, underwriters, risk engineers, and claims managers who attended the gathering, the event helped open new opportunities for the company to secure the right coverage at the appropriate price and with a provider able to respond when most needed.