Mr Tetsuo Shibata of Interisk Asia discusses why companies need to consider and mitigate potential risks to their businesses and operations so that they will be well-prepared to manage situations that may arise.
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India’s Insurance and Regulatory Development Authority (IRDA) is scheduled to release a roadmap on risk-based capital norms by March 2009, to set capital requirements or solvency margins for insurers, taking into consideration the extent and degree of risk they undertake.
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The highest base salary in the risk management field goes to the Chief Risk Officer or Vice President of a US-based company at US$170,683, with the Director of Insurance and Risk Management coming in second-highest at US$118,200, according to the results of a 2008 Risk Management Compensation Survey conducted between 5 May and 30 June 2008 in the US and Canada.
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