ERM: One Actuary’s Perspective

MuSigma Webinar Series, July 1 2020

Speaker: Chris Gross, Gross Consulting

Enterprise Risk Management for Property/Casualty Insurers is a challenging and rewarding area of actuarial practice, with many potential approaches to the problem.

Concentration on technical details can sometimes lead to overlooking the primary strategic goals and the economic benefits of such analysis. In this presentation, Chris Gross will offer his personal opinions regarding good and bad ERM approaches, at a strategic level. Some of these ideas may seem out of step with common practice, or even downright heretical, such as:

  • tail risk measures are inferior
  • constrained optimization is sub-optimal

 but the rationale for them will be provided.

Alternative viewpoints and discussion from the audience are welcome. We hope to have a lively discussion!

Presented by Gross Consulting, the MuSigma Webinar Series is an excellent opportunity for actuaries and insurance professionals to engage in free, interactive, and relevant content designed to provide quality continuing education.