Category Archives: Analytics

What Risks Will Emerge in 2015?

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Our list of emerging risks for 2015 covers the kind of perils that keep risk managers up at night: cyber risk, oil price volatility, the changing demands of today’s workforce, the over-confidence corporations have in the ability of their entity … Continue reading →

Top 10 of 2014 – #2: Guide to ERM: Risk Measurement & Reporting

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Peter Drucker is reported to have once said “what gets measured, gets managed.” That truism of modern management applied to risk as well as it does to other more commonly measured things like sales, profits and expenses. Regulators take a similar … Continue reading →

Top 10 of 2014 – #3: Guide to ERM: Risk Identification

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There are a number of common threads linking the emerging regulatory guidelines; one of these is the fundamental importance of risk identification. Continue reading →

Using a Financial Impact Analysis to Define Risk Tolerance

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Many of the world’s leading corporations do not have an explicit and agreed definition of their risk tolerance or appetite. We facilitate and guide many clients in this area. An important tool for us to start a conversation about tolerance … Continue reading →

Video: What is Analytics?

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In this interview I speak with Giorgis Hadzilacos, Senior Catastrophe Risk Analyst and Flood Specialist at Willis Re Analytics. Continue reading →

Video: Mutuals Must Differentiate to Weather Current Challenges

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In this blog I speak with mutual (re)insurance specialists David Thomas, CEO of Market Services & Solutions at Willis; Robin Swindell, Executive Vice President at Willis Re and John Haydon, Executive Director at Willis Re. Continue reading →

Guide to ERM: Economic Capital Model Validation

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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: Change Risk

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The main processes for enterprise risk management in an insurer involve two levels of control cycles: The first level looks at the individual risks and sets out limits, controls and mitigation processes to assure that each individual risk that is … Continue reading →

RAND Study: TRIA Expiration Could “Affect U.S. National Resilience”

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The Terrorism Risk Insurance Act (TRIA), which provides a federal backstop for insured terrorism losses, will expire later in 2014. There’s been plenty of discussion about the disruption to insurance markets that could be created by failure to renew this … Continue reading →

All on the Same Train, but Heading in Different Directions: Risk Attitudes and Implications for forming a Risk Culture

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The term risk culture refers to how things are seen, done and justified. It’s not the explanation of last resort to be used only when other explanations—economic, demographic, organizational—are inadequate, i.e. “Oh well, it must be cultural then.” Continue reading →