A seminar on insurance and risk management in the energy and mining sector took place on 24 April in Vientiane, bringing together officials, industry experts, and insurers from Laos and Vietnam.
Organized by Champa Insurance, the event focused on rising risks such as volatile energy prices, geopolitical tensions, climate change, and cybersecurity threats.
Discussions focused on major risks affecting the sector today, including changing energy prices, geopolitical uncertainty, climate change, and cybersecurity threats linked to new digital systems.
Speakers said that while the global insurance market for energy and mining is continuing to grow, companies should also use stronger risk management plans. This includes combining data, new technologies, and early planning with traditional insurance.
Champa Insurance said the seminar aimed to promote knowledge sharing and stronger cooperation between stakeholders to help build a more effective and sustainable risk management system in Laos.
The event also included sessions where experts shared experiences from other countries, giving practical examples and lessons on how to manage large-scale risks in the sector.
Organizers said the seminar aimed to boost cooperation and share practical solutions to support long-term stability and sustainable development in the sector.
