Business Services Industry
Risk management evolving in Asia; Risk attitudes mirror cultures.(Spotlight: RIMS 2006 Trends & Developments)(Risk and Insurance Management Society Inc.)
Business Insurance, May, 2006 by Bradford, Michael
Byline: MICHAEL BRADFORD HONOLULU-Risk management in Asia is being shaped by the exposures in a global marketplace and the influence of companies in nations where the discipline was developed. While many foreign multinationals in Asian countries have long practiced a sophisticated brand of loss control to protect their assets, the evolution of risk management for local companies has begun to speed up only in recent years.
Domestic companies in Asia have come to see the value of risk management as their operations have grown beyond their countries' borders and exposed them to new risks in an international market. Many are adopting the risk management techniques introduced to them by trading partners in the United States and Europe, experts point out. How...
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