Hanoi Re successfully organizes a training program for Phillip General Insurance on Risk assessment in the textile and garment industry

On June 26, 2026, Hanoi Re successfully conducted an online training program for Phillip General Insurance (PGI) Cambodia under the theme “Risk Assessment for the Textile and Garment Industry”. The training was attended by Mr. Chhay Rattana, Head of Operations, together with representatives from PGI’s technical and business departments.

The program was designed to enhance participants’ technical knowledge and capabilities in conducting risk surveys and assessments of industrial facilities, with a particular focus on textile and garment factories. These industries involve specialized manufacturing processes, large concentrations of combustible raw materials, high-value assets, and the potential for severe losses.

During the training session, Hanoi Re’s experts introduced a structured risk survey and assessment process based on internationally recognized practices. The training provided participants with a comprehensive and systematic approach to risk assessment, covering information gathering, hazard identification, evaluation of existing risk control and protection measures, analysis of potential loss impacts, and estimation of the possible extent of loss.
Based on this approach, participants were guided on how to prepare high-quality risk assessment reports that provide relevant and useful information to support insurance underwriting decisions.

In addition to the general principles of risk surveying, Hanoi Re’s experts shared insights into the key hazards associated with textile and garment manufacturing, the critical areas requiring particular attention during site surveys, and the technical aspects that should be carefully considered when assessing these types of facilities.
 

Another important component of the program focused on practical underwriting considerations. Based on the survey findings, participants discussed methods for assessing overall risk quality, identifying areas requiring improvement, recommending appropriate loss prevention measures, establishing suitable insurance terms and conditions, and determining premium levels that reflect the actual risk exposure.

The program was not limited to theoretical knowledge. It also included analyses of actual loss events that had occurred at textile and garment manufacturing facilities. Through these case studies, participants gained a clearer understanding of how hazards identified during a survey could develop into incidents and result in severe losses if they were not promptly identified, properly controlled, and effectively addressed.

These practical examples also highlighted the important role of risk assessment in supporting underwriting decisions and strengthening loss prevention practices.
 

Throughout the training session, participants from Phillip General Insurance actively exchanged views and shared common challenges encountered in risk surveys, risk assessments, insurance underwriting, and claims handling. The open and interactive discussions enabled the program to go beyond the one-way delivery of technical knowledge and become a valuable forum for sharing practical experience between the professional teams of the two companies.

The training program also provided Hanoi Re and Phillip General Insurance with an opportunity to strengthen professional exchanges, share technical expertise, and further reinforce the cooperative relationship between the two parties.

As part of its commitment not only to providing reinsurance capacity but also to supporting clients in risk management, Hanoi Re will continue to deliver specialized training, consulting, and technical support programs. Through these initiatives, Hanoi Re aims to enhance underwriting capabilities, strengthen loss prevention practices, and contribute to the safe, efficient, and sustainable development of the insurance market in Vietnam and the wider region.