VOICES I believe that open communication and an unwavering commitment to understanding and documenting all of our risk leads to minimal losses or someone in such a high profile position Klas Iloson is a remarkably calm person That s because as managing director group risk man agement for SKF Reinsurance AB Iloson is confident that the mitiga tion measures in place at the more than 100 manufacturing facilities under his purview are backed by proven engineering principles Based in Gothenburg Sweden SKF Reinsurance AB is respon sible for all insurance issues and loss prevention work within its par ent company SKF AB SKF AB is a leading global supplier of rolling bearings seals mechatronics and lubrication systems and services and is powered by 46 000 employ ees in 32 countries Iloson earned a master s degree in law from Uppsala University in Sweden He began his career with SKF in 1994 in finance and treasury before venturing into risk management Throughout the years he s held various roles within the company includ ing five years as managing director of SKF Treasury Centre Asia In 2008 Iloson began his current role where he continues to focus on building the foundation for SKF s future business continuity efforts What do you do as a managing director My responsibilities include overseeing our parent company s extensive worldwide insur ance programs assisting senior management in evaluating and developing appropriate risk profiles interacting with business sectors to facilitate a better understanding of mitigation possibilities and costs of various risks associ ated with business and strategic development and assisting in achieving a proper balance between risk assumption and risk funding What s your risk management phi losophy The simple answer is to ensure that SKF does not have any losses and to protect our brand throughout the world Maintaining our status as a world class manufacturing company is always my number one priority My job is to understand our risk and deter mine the best course of action to mitigate it so SKF can manufacture its products with out interruption My team and I work very hard to identify SKF s various risks and then communicate our findings to senior manage ment I believe that open communication and an unwavering commitment to under standing and documenting all of our risk leads to minimal losses What kind of team do you have in place to help you deal with risk at SKF My team is unique because even though it is a small team of employees we also have designated loss prevention site coordinators at each of our manufacturing plants around the world The site coordinators are tasked with understanding the risk at their sites and reporting any deficiencies This has been a successful model for us as these individuals 28 REASON ISSUE 1 2017

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