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’).

Guide to ERM: Risk Governance

board

What should a board expect from management regarding risk and resiliency? As a part of strong enterprise risk management practice the board of directors should consider the following: Continue reading →

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

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 →

Guide to ERM: Risk Capital

Ben-brella

Knowing the amount of surplus an insurer needs to support risk is fundamental to enterprise risk management (ERM) and to the own risk and solvency assessment (ORSA). With the increasing focus on ERM, regulators, rating agencies, and insurance and reinsurance … Continue reading →

Guide to ERM: Policies and Standards

traffic signs

Risk management policies are nothing more and nothing less than a clear statement of what the insurer intends to do within its ERM program. The entire set of risk policies can be all included in one consolidated corporate risk policy … Continue reading →

Guide to ERM: Risk Organization

Org Chart

Some say that in a perfect world, there is no need for a separate risk organization. But that is probably not true.  Besides, we do not live in a perfect world anyway. There are four common organizational steps that insurers … Continue reading →

Guide to ERM: Risk Limits and Controls

Traffric Cones

At the most fundamental level, enterprise risk management can be understood as a control cycle. In an insurance company’s risk control cycle, management needs to first identify the key risks. Continue reading →

Risk Management: Adaptability is Key to Success

There is no single approach to risk management that will work for all risks nor, for any one risk, is there any one approach to risk management that will work for all times. Rational adaptability is the strategy of altering … Continue reading →

Resilience for the Long Term

Resilient Sprout in Drought

In 1973, CS Holling, a biologist, argued that the “Equilibrium” idea of natural systems that was then popular with ecologists was wrong.He said that natural systems went through drastic, unpredictable changes – such systems were “profoundly affected by random events”.  … Continue reading →

Management is Needed: Not Incentive Compensation

Many theoreticians and more than a few executives take the position that incentive compensation is a powerful motivator. It therefore follows that careful crafting of the incentive compensation program is all that it takes to get the most out of a … Continue reading →

A Gigantic Risk Management Entertainment System

As video gaming has become more and more sophisticated, and as the hardware to support those games has become capable of playing movies and other media, video game consoles have now become “Entertainment Systems”.  Continue reading →