Dec 21, 2021
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
The international shipping industry is responsible for transporting around 90% of all international trade which has rebounded during the sharp falls we experienced during the pandemic. Capt. Rahul Khanna, the Global Head of Marine Risk Consulting at Allianz Global Corporate & Specialty in London, joins RIMScast today to discuss maritime, shipping risks, and the global supply chain.
In this episode, Capt. Rahul Khanna shares how the shippers are now busier than ever with the global nature of this sector and the lack of spare capacity within it. He speaks about the impact that COVID-19 has had on supply chains, the pros and cons of chartering your own container ship as a company, maritime risk advancements, and the biggest supply chain risks that he is seeing regarding vaccine distributions.
Be sure to tune in for this deeply fascinating conversation with the first captain to join the podcast, Capt. Rahul Khanna!
[:01] Do you want to reach risk professionals around the world? Here’s how to sponsor RIMScast.
[:24] About RIMS’ Global Membership and RIMScast.
[:36] About today’s episode with Capt. Rahul Khanna.
[:47] Upcoming RIMS current virtual offerings.
[1:30] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[2:11] More about today’s episode with Capt. Rahul Khanna.
[2:45] Justin welcomes Capt. Rahul Khanna to the podcast!
[3:14] Capt. Rahul Khanna shares about his career and what has led him to becoming the Global Head of Marine Risk Consulting at Allianz Global Corporate & Specialty.
[5:06] How supply chain issues are making it harder for companies to keep shelves stocked.
[7:10] How does the news of new variants, like the Omicron variant, impact supply chains?
[10:10] When Capt. Rahul Khanna was piloting his own ship, how big was his crew?
[10:44] Was Capt. Rahul Khanna ever a captain of a cruise ship?
[10:55] Capt. Rahul Khanna describes how it felt to pilot a ship for the very first few times.
[11:42] Some companies are chartering their own container ships. What are the pros and cons of doing that in the current state of the world?
[14:30] About the RIMS Mobile App, the RIMS Buyers Guide, and the RIMS 2022 RISKWORLD.
[16:08] The biggest supply chain risks that Capt. Rahul Khanna is seeing, regarding vaccine distributions and where along the chain he is seeing these risks originate most frequently.
[19:14] When distributing vaccine shipping around the world, how is security a factor when the ship gets to more hostile areas or countries? How would you account for your crew and cargo?
[23:11] Aside from COVID-19, what are the biggest supply chain risks we should be expecting in 2022?
[27:51] Developments regarding maritime risk that Capt. Rahul Khanna is excited for.
[30:57] Capt. Rahul Khanna shares some parting words of advice to the global risk management community.
[32:44] Justin thanks Capt. Rahul Khanna for joining RIMScast and shares some of the links to look out for in this episode’s show notes!
Mentioned in this Episode:
RIMS Events, Education, and Services:
TechRisk/RiskTech | RIMS Virtual Event Jan. 26‒27, 2022 — Register Today!
RIMS 2022 RISKWORLD | April 10‒13 in San Francisco! — Register now for advance rate pricing!
Sponsored RIMScast Episodes:
“Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST
“Aon’s 2021 Retail Industry Overview” | Sponsored by Aon
“A Legacy of Resilience” | Sponsored by J.B. Boda Group
“The Golden Era of Insurance” | Sponsored by The Hartford
“Insurance Investigation Trends Happening Now” | Sponsored by Travelers
“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect
“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL
“Property Valuation Deep Dive” | Sponsored by TÜV SÜD
“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: “Climate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan” | Sponsored by Prudent Insurance Brokers Ltd.
Webinars & Virtual Workshops:
RIMS-CRMP Exam Prep (Date: January 11‒12, 2022) Start your RIMS-CRMP journey today at this interactive virtual prep workshop. You will learn about the exam domains, prepare with case studies and hands-on exercises, and tackle sample exam questions — Register here!
Attend the RIMS-CRMP-FED Exam Prep Virtual Workshop presented with George Mason University, February 15‒17, 2022 — Register by Jan. 17 to save $200!
More About Shipping and Supply Chain Risk on RIMScast:
Recent Risk Management Magazine coverage of Shipping and Supply Chain Risk:
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
RIMS-CRMP Stories — New interview featuring RIMS Treasurer Jennifer Santiago!
Want to Learn More?
Have a question or suggestion? Email: Content@rims.org.
Join the Conversation!
Follow up with Our Guest:
Tweetables (For Social Media Use):
“Technology [provides] a lot of opportunities to make our supply chains … efficient, … fast, and safer. … Can we dial our focus from just maintaining them to looking [toward] the future … so that when we have another big problem, … we are … prepared?” — Capt. Rahul Khanna
“What the pandemic has shown us … [is] how intricately we are connected to each other. A problem in one part of the globe affects the other part of the globe … and this has been evident in the last year or so.” — Capt. Rahul Khanna
“To solve these problems, we cannot work in isolation. It has to be a coordinated effort, globally.” — Capt. Rahul Khanna