A timely article on TTGmice by Caroline Boey on the importance of RiskManagement in the BusinessEvents/ MICE industry, with particular focus on the role Insurance can play in case of any mishap.
EventInsurance is still not a must, nor even a norm, with many clients and organisers chancing it needlessly for the relatively small cost involved.
At the same time, there are not many providers of this service; one often finds brokers coming back with quotes from similar or even just single providers, die perhaps to the higher complexity of Events vs other forms of insurance-related considerations.
No doubt, this is another area that AI can help address, by better and quicker analysis of risk factors, and the insurance premium to be paid as a result.
Ultimately, some age old adages ring true in any age ; it is far better to be safe than sorry.
Featuring insights by our CEO Daniel Chua 蔡, CMP, CEM, CEG, ACLP into the status quo from recent experience. Enjoy the article.
