Actuaries and Operational Risk Management | Malcolm Kemp | CERA Global Risk Conference 2021

The aim of the presentation is to explore the skills and techniques actuaries can bring to operational risk management. The presentation would principally refer to material outlined in the AAE discussion paper “Actuaries and Operational Risk Management” published in January 2021 (of which I was a co-author), but would expand where relevant with other perspectives. It would explore how operational risk typically fits into insurers’ own risk and solvency assessments and pension funds’ own risk assessments. It would also explore ways of capturing the wisdom of experts, quantitative techniques commonly applied to operational risk measurement and management, stress testing disciplines, how best to cope with limited data and how best to set operational risk appetite and limits.

Malcolm Kemp is a leading expert in risk and quantitative finance, with over 35 years’ experience in the financial services industry. He is the chairperson of the Actuarial Association of Europe’s Risk Management Committee, a Fellow of the Institute and Faculty of Actuaries, a Chartered Enterprise Risk Actuary, a member of the Advisory Scientific Committee of the European Systemic Risk Board and Managing Director of Nematrian Limited.

The CERA Global Risk Conference was held in June 2021 and brought together high quality and topical presentations covering the risk management spectrum. Sponsored by Milliman and RGA, the CERA Global Association was delighted to offer this conference free of charge, so that CERAs and actuaries with an interest in Risk Management could gain new insights and pick up some valuable CPD. All of the presentations from this conference are available on our actuview page:

Holders of the CERA credential are able to register with actuview for free. Please get in touch with us to find out how ([email protected]).
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