WTW Partners With Risk & Insurance Management Society to Advance the Practice of Risk Management in APAC to Create Resilient Organizations and Transform Tomorrows

SINGAPORE, March 25 — The Risk and Insurance Management Society issued the following news release on March 24, 2022:

WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced today that it is partnering with RIMS, the risk management society(R), to advance the practice of risk management for organizations in Asia Pacific (APAC). The three-year collaboration 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 organized 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 organizations’ risk portfolios from across APAC. Themed “Risk Resilience Reimagined”, the Risk Conference will offer insights and ideas that are innovative, bold and achievable for business leaders and risk professionals so that they can augment their capabilities to build robust risk management, enabling their business to thrive in this region.

Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, WTW, said: “As the coronavirus becomes endemic, a broad set of societal risks have become ever-present in business decision making for all organizations 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.”

“It is important for organizations in APAC to adopt a culture of adaptability and be ready to act decisively when these events happen, minimizing 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 oganizational resilience and transform tomorrows.”

RIMS President Patrick Sterling said: “Organizations around the world have witnessed the undeniable value of strong risk management capabilities and will continue to lean on their risk teams to set strategies, support initiatives and drive innovation. As expectations rise, it’s critical for risk professionals to build upon their skills and knowledge to effectively establish resilient corporate cultures. RIMS is proud to enter into this strategic partnership with WTW and is looking forward to exploring risk management trends, best practices, challenges and opportunities at our inaugural event.”