Merlinos principal Derek Chapman will be speaking at the Casualty Actuarial Society’s Enterprise Risk Management for the P&C Actuary Seminar in Philadelphia, October 6-7. Mr. Chapman will be part of a roundtable discussion entitled “Trends and Best Practices in Model Risk Management.” If you are going to be in Philly let us know — We would like … Continue reading Merlinos to Speak at Enterprise Risk Management Seminar
Merlinos consultant Ryan Purdy will attend the Cat Risk Management 2015 conference sponsored by the Reinsurance Association of America. This event, in Orlando from February 10 through February 12, covers all the “hot topics” in the world of catastrophic risk management. If you will be in Orlando, let us know — Ryan would like to … Continue reading Merlinos Attends RAA Cat Risk Management 2015
When I was young, my mother insisted that I take the five-year test anytime something seemingly traumatic happened to me. That is, ask yourself, “Will this matter in five years?” Fortunately, as a child the toughest life situations usually involved squabbles of he said, she said at the swing set during recess. Thus, with an … Continue reading Reputational Risk: A New Five-Year Test
M&A’s Brett Miller is attending the Risk and Insurance Management Society’s (RIMS) 2012 Annual Conference & Exhibition in Philadelphia this week, April 15-18. RIMS is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. If you are in Philadelphia, let us know; Brett would like to … Continue reading M&A Attends RIMS 2012 Annual Conference & Exhibition
Spanning the globe from Japan to New Zealand to Thailand to Iceland to the United States, a series of natural disasters in the past two years caused significant supply chain disruptions. These disasters have shown that supply chain exposures are an ongoing risk for many businesses, and that this risk can cause serious financial and reputational consequences. … Continue reading Is Your Supply Chain Risky?
A recent article in Insurance Journal by Amy O’Connor discusses a new wave of insuring reputational risk due to the exposure created by the boom in the social media. Your first question might be, “What is reputational risk as it pertains to insurance?” In the article, the author defines reputational risk as “a company’s risk of … Continue reading Insuring Your Company’s Reputation – Literally
Enterprise risk management is a hot topic. The charge of Enterprise Risk Management is to identify and quantify an organization’s current and potential risks and opportunities, determine the company’s risk tolerance, and decide on risk-taking and risk-avoidance strategies. Insurance professionals are especially attuned to the lessons of risk management. There is one risk that persists … Continue reading The Power of Dissent in Risk Management
National Underwriter editor-in-chief Sam Friedman’s recent editorial suggests that part of the blame for the recent oil spill in the Gulf of Mexico lies on the shoulders of risk managers at BP. Mr. Friedman suggests that loss prevention measures were not implemented as they should have been, and that future drilling for oil in sensitive … Continue reading Oil Spill: Did risk management fail?