RIMS Risk Forum hosts international corporations, government leaders

Government officials, media representatives and well-regarded risk managers from Middle East and North Africa-based and international companies gathered recently at the RIMS Risk Forum Middle East.

The conference, held in collaboration with MENA Strategies, attracted major corporations that included Associated Insurance Consultants, Control Risks, Du, Emirates Insurance Association, Emirates Nuclear Energy Corp., Emirates National Oil Co., Emirates Transport, Kuwait Petroleum Corp., MENA Strategies, Middle East Insurance Review, Nesma & Partners, New Dawn Risk Group, New York University and Zain Group.

Throughout the first day of the forum, interactive panel discussions covered an update on the MENA insurance market, energy risk, political instability and cyber risk. On the second day, the topics included connecting risk to corporate strategy and showing the value of a transition to Enterprise Risk Management.

“In Arabic, the word risk literally translates to danger and throughout hrough our involvement in various trainings and educational events in the MENA region, we are working on making sure that it is not understood as such,” Melissa Aoun, managing director at MENA Strategies, said. “This can be achieved by understanding and controlling potential risks facing an organization and integrating them into its corporate strategy.”

The Director General of the General Directorate of Residency and Foreigners Affairs, Maj. Mohamed Al Mari, gave the conference’s keynote speech.

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MENA Strategies

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