WEB SESSION
6 May 2024
Emerging Risks
Recent developments and events have put some specific Emerging Risks in the spotlight, such as geopolitical risk, artificial intelligence, and climate change. However, there is a large number of further topics in the Emerging Risks universe that might warrant equal attention.
Their assessment requires a solid process for identification and analysis, using industry-standard resources and tools, to gain a good overview and solid understanding of all Emerging Risks relevant to a company as well as their related trends and interconnections.
Participants
This web session is suited for all professionals from the finance and insurance industry with an interest in risk management and long-term perspectives who want to broaden their horizon and who have an inquisitive mind, irrespective of their current area of work, expertise, or level of seniority.
Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure that you are joining the web session with a stable internet connection.
Purpose and Nature
This web session will allow participants to gain a good overview and solid understanding of Emerging Risk, their related trends, and their interconnections.
To achieve this, the training will cover the various approaches to define (Emerging) Risks and the motivation for including them, followed by the presentation, discussion, and analysis of industry standard publications on the subject, such as the CRO Forum Emerging Risks Radar. A case study for an emerging risks process at an insurance company will be shared. Selected risks and trends will be covered in depth to understand their relevance for actuaries.
The event will allow participants to raise questions and to flag areas of special interest.
Language
The language of the web session will be English.
Lecturers
Dr Irene Merk
Dr Irene Merk holds graduate degrees in physics and in computer science from RWTH Aachen and is a Certified Enterprise Risk Actuary. Coming from a family of pharmacists, she did her PhD on modelling the human visual system. After joining the reinsurance industry in 2001, Dr Merk moved on to become an actuary and held various roles in reinsurance R&D, pricing, valuation, marketing, underwriting, and risk management. At SCOR, she is in charge of coordinating the life and health aspects of the world-wide internal and external risk reporting and monitoring, such as the various “Own Risk and Solvency Assessments” and the climate change reporting. She also is Emerging Risks Ambassador for SCOR’s life and health business. Dr Merk is active in the CRO Forum’s Emerging Risks Initiative and in various working groups of the German Actuarial Association.