June 24 - 26, 2018
Loews Atlanta Hotel, Atlanta, GA

Risk Management in a World of Change

Risk Management in a 

World of Change:

Tarun Chopra, CFO of Clements Worldwide

In this Q&A, Tarun Chopra, CFO of Clements Worldwide, gives finance-based insights into organizational changes, risk in an uncertain economy, increasing risk levels, and more.

From a finance perspective, what are some of the greatest organizational changes taking place today?

TC: Some of the greatest changes that many organizations are currently undergoing include:

  •           Managing business volatility

  •           Security risks(physical and financial)

  •           Ever changing compliance landscape

Do you feel that greater levels of risk should be taken during calm or volatile economies?

TC: Risk exposure directly correlates to potential losses across multiple scenarios, environments and locations, and doesn’t necessarily depend on whether economies are volatile or calm.

Mitigating risk exposure is essential to global organizations, and international asset (human and financial) protection is critical in that endeavor. For example, across NGOs, we have found that 78% of organizations do not have policies in place to protect against risk concentrations, specifically for international fleets.  A lot of companies unintentionally leave gaps in coverages, which are essential under any economic scenario in order to help prevent major financial losses.

General Liability and Business Interruption coverage are examples of protections organizations should have as they expand overseas.

Interactive, Informative and Challenging

  • Expand your knowledge and get inspired by the latest in Finance 
  • Select from visionary case studies, facilitated roundtables, in-depth master classes and dialogue-driven Brainweaves
  • Make new connections with executives facing similar challenges in the space

What is one of the best ways to evaluate whether or not an organization is sufficiently prepared to face increased risk levels?

TC: Organizations must make regular, top-to-bottom reviews of their risk exposures, which is a leadership priority.


There are some major risks that most organizations are not even registering today. Some of these risks  can be catastrophic for organizational operations and management, as new threats emerge and the world becomes more interconnected.


It is essential that organizations work closely with specialized risk managers during regular risk exposure reviews, in order to identify any gaps and ensure appropriate,bespoke coverage to the organization’s precise needs.
A typical ‘one-size-fits-all’approach no longer serves the needs of smart
organizational enterprises anymore. 

In terms of the global risk landscape, what do you envision for the near future?

TC:  Interestingly, based on new and extensive global data recently received, two major themes stand out:

  •          The need to safeguard against crippling business interruption abroad

  •          Major concern regarding international general liability exposures

Thankfully, those are key issues that can be addressed effectively and efficiently by organizations through the support and assistance that experienced risk/insurance managers can provide. 

What aspects of Chief Financial Officer Exchange are you most looking forward to?

Join Tarun on day 2 for his session: The New Reality of Emerging International Risks: Key Findings From the Clements Worldwide Risk Index. Download the Agenda for more information.