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Article: Risk management evolving in Asia; Risk attitudes mirror cultures.(Spotlight: RIMS 2006 Trends & Developments)(Risk and Insurance Management Society Inc.)
- Article from:
- Business Insurance
- Article date:
- May 8, 2006
- Author:
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...