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| GENERAL
SESSIONS |
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General Session 1: Frontline
Briefing on ERM
Monday, 8:15 – 9:45 am
Prominent risk officers and other risk management experts
will provide their thoughts on current ERM developments
and in-depth discussions on ERM frameworks. They will
also share their expert insights on important strategic
and implementation issues confronting the financial services
industry. |
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Moderator:
David Ingram, Consulting Actuary, Milliman Inc. |
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Presenters:
James Lam,
President, James Lam & Associates
Robert Stein, Chairman Global Financial Services, Ernst
& Young
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General Session 2: Current
Thinking on Risk Management: Not Fooled By Randomness
Monday, 10:15 – 11:30 am
Enterprise Risk Management is a new and evolving discipline,
and practitioners are facing a host of strategic, conceptual,
and methodological issues related to the implementation
of ERM frameworks. The success of ERM depends on innovations
in the theoretical foundation of the new discipline. Panelists
shall discuss the latest thinking and developments in
this arena. |
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Moderator:
Shaun Wang, Director of the Actuarial Science Program,
Risk Management & Insurance Department, Georgia State
University |
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Presenters:
Nassim Taleb, Author, Fooled By Randomness
Leslie Rahl, President, Capital Market Advisors, Inc. |
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General Session 3: Proper
Alignment of Senior Management Measures and Incentives
(General Luncheon)
Monday, 11:30 am – 1:00 pm
Effective performance measures are essential to understanding
and managing the interplay of earnings, income recognition,
performance incentives, agency costs and balancing competing
interests among shareholders, customers, executive management
and all employees. Bennett Stewart will discuss how to
optimally manage businesses- highlight sources of risk
and offsetting policies, contrasting the EVA model of
capital allocation, economic capital vs. regulatory capital
to determine which businesses to grow or divest in multi-line
institutions. |
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Moderator:
Mark Abbott, Managing Director, Risk Management and Quantitative
Research, Guardian Life & Board Member, PRMIA |
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Presenters:
Bennett Stewart III, Senior Partner, Stewart Stern &
Co. |
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General Session 4: Challenging
Erm Issues
Tuesday, 8:00 – 9:00 am
This not-to-be missed session will feature risk management
professionals who have been at the cornerstone of implementing
ERM systems/processes in their respective organizations
and beyond. Panelists will address the issues that keep
senior risk managers up at night, including global economic
risk, financial market risks, and the organizational,
communication and cultural challenges associated with
implementing and maintaining ERM. |
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Moderator:
Prakash Shimpi, Global Practice Leader, ERM, Towers Perrin |
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Presenters:
Chris Duncan, Senior VP, Marsh; former Chief Risk Officer,
Delta Air Lines |
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General Session 5: CRO
Forum
Tuesday, 9:00 – 10:00 am
Renowned CROs will discuss ERM frameworks and internal
structures/committees, objectives, balancing and alignment
of competing interests, important strategic and implementation
issues confronting the industry. They will also share
their expert insights on their roles, skills, independence,
education/training, staffing and the demands being made
of them by their Board, CEO and other parties such as
regulators, rating agencies, analysts, etc. How is performance
measured? Examples of successes, progress and frustrations
will be discussed. |
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Moderator:
Shyam Venkat, Partner, PwC |
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Presenters:
Steve Manning, Head of Risk Management, Lloyd’s
of London
Larry Moews, CRO, Allstate
Don Watson, CRO, Ace |
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General Session 6: Concluding
Remarks/Ask The Experts
Tuesday, 4:45 – 5:45 pm
The closing remarks session has traditionally been one
of the most remarkable sessions at the symposium, and
those who attended this session last year were duly rewarded.
Several risk management experts from the symposium’s
extended faculty will present their impressions of the
symposium, summarize achievements, and challenge the participants
with thought-provoking issues to address at the next ERM
Symposium. Audience participation and questions will be
welcomed and encouraged. |
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Moderator:
David Koenig, Chair, PRMIA |
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Speaker:
Ed Dumas, Senior VP & Chief Risk Officer, Federal
Home Loan Bank of Boston
Don
Mango, Director of Research and Development, GE Insurance
Solutions
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