Blogger Archives: Dave Ingram

Dave Ingram

Dave is an Executive Vice President of Willis Re, specialising in theory and practice of ERM for insurers. Based in New York, Dave has more than 30 years of actuarial and general management experience in the insurance industry and has published and spoken about ERM all over the world. In 2012 he was named by @TreasuryandRisk as one of the 100 Most Influential People in Finance. You can follow Dave on Twitter at @dingramerm (views his own – not Willis’).

How to Communicate With Your CEO About Risk

Talking to CEO

What’s the job of a CEO? When you come down to it, a CEO’s job is to make decisions. The right decisions. Knowing your CEO’s priorities is key to communicating effectively. Continue reading →

ERM in Practice: Risk Limits and Controls

speedometer

One of the core elements of a thorough ERM strategy involves setting risk limits and controls. This practice forms an essential link in every organization’s risk management cycle, which includes identifying, assessing, taking, mitigating, monitoring, and responding to risk. Continue reading →

ERM in Practice: Risk Identification

police lineup

Insurers recognize the importance of identifying and classifying their important risks as a major organizing idea for their ERM processes. For our ERM in practice series, we’ve looked to the 2013 annual reports of a dozen global insurance and reinsurance … Continue reading →

ERM in Practice: Risk Measurement

ruler

In our second installment of the ‘ERM in Practice’ series, we look specifically into the 2013 Annual Reports of eight global insurance companies (five European and three Non-European) and four international reinsurance groups with the purpose of identifying commonalities in … Continue reading →

ERM in Practice: Risk Organization

chess defense

Discussions of enterprise risk management (ERM) practices often seem almost totally theoretical. But in fact, those practices are very real for many companies. One of the most important aspects of an ERM program is the “who” of ERM. We call … Continue reading →

The Difference Between Risk and Loss

risk vs loss

Risk management has caused many people to substitute one four-letter word for another. They will use the word RISK when they should be saying LOSS. And there is a world of difference between the two. It is the difference between … Continue reading →

Adapting to Climate Change: Insurers as Bellwether

ClimateChange_Reinsurance

Insurance touches and is touched by much of human activity around the globe.  So it should not be a surprise that insurers can be expected to be a bellwether for the economic impact of climate change. Continue reading →

Guide to ERM: Writing an ORSA Report

Reports

Insurance regulators have made the Own Risk and Solvency Assessment (ORSA) into one of the global Insurance Core Principles that need to be adopted in all countries. Several countries have already adopted an ORSA requirement and in all cases, there … Continue reading →

Guide to ERM: Economic Capital Model Validation

Analytics Graph (green)

Fundamentally, an economic capital model seeks to consistently use exposure information and limited actual experience to estimate the impact of remote events that may or may not have ever happened in the past. Those who seek to make use of … Continue reading →

Guide to ERM: Risk Management Disclosures

show your cards

U.S. insurers have made the case to the insurance regulators at the National Association of Insurance Commissioners (NAIC) who have been drafting the U.S. Own Risk and Solvency Assessment (ORSA) requirements that the ORSA report as defined will contain sensitive … Continue reading →

Posts by Author in Portuguese:

A Diferença Entre o Risco e a Perda

risk vs loss

A gestão de risco tem feito muitas pessoas substituírem uma palavra de quatro letras por outra. Eles usam a palavra RISCO quando deveriam dizer PERDA. E há um mundo de diferença entre os dois. É a diferença entre o brilho … Continue reading →

Guia para ERM (Enterprise risk management): Mensuração de Risco e Relatórios

Measure

Peter Drucker é conhecido por uma vez ter dito: “o que é mensurado, é gerenciado.” Esse truísmo da moderna gestão aplicada ao risco, assim como ele faz para outras coisas mais usualmente medidas como vendas, lucros e despesas. Reguladores têm … Continue reading →

Desenvolvimento de um flexível Programa Enterprise Risk Management

O processo de desenvolvimento de um novo Sistema de Enterprise Risk Management (ERM) é, muitas vezes, desconcertante para os gerentes de negócios experientes. Com a maioria dos novos projetos, a abordagem padrão é definir completamente um projeto com antecedência e … Continue reading →

Empresa de Gestão de Risco em tempos de dificuldades

working under a tight budget

A boa notícia para os gestores de risco é: desde que os tempos começaram a ficar difíceis, empresas de gestão estão ouvindo sua mensagem. A má notícia para os gestores de risco é: desde que os tempos começaram a ficar … Continue reading →