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

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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 →

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: 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 →

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 →

Guide to ERM: Risk Management Culture

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The culture of a business can be easily observed in the statements and policies of top management and in the behaviors of management and employees. But to truly understand the culture of a business you need to know the shared … Continue reading →