Contributor: Marcus Cree
Every week, millions tune in to see the reality TV battle that is The Biggest Loser. Each episode sees much sweating and panting during an extremely focused exercise and diet boot camp. Interestingly, the first few pounds are lost with relative ease, but the winners only go on losing weight when they recognize and confront the underlying causes for their obesity, and they only maintain their new slim shapes when they make and maintain lifestyle changes.... read more
Contributor: Don Canning
As we enter the post economic crisis era the insurance industry continues to face ever increasing competition and more stringent regulatory requirements, which is driving carriers to seek greater enterprise risk management (ERM) visibility and control across their organizations.... read more
Contributor: Don Canning
For thousands of years sailors have used the stars as the method of celestial navigation. In the 11th century, the magnetic compass was used to gain a more accurate calculation to help establish relative location. By the mid 1600’s, Sir Isaac Newtown created a device called the Sextant to measure star elevation (altitude) angle at night from the horizon plane to Polaris to find one's relative latitude. In the 20th century, many more devices and methods were employed to pin-point a ship’s location by use of charts, sonar, radar and global positioning systems (GPS). More interestingly, many ships today have many of these calculation devices in the event of errors or tool failure.... read more
Contributor: Marcus Cree
On Tuesday, I participated in a risk-themed Twitterview with Michael Versace, director of global risk at IDC-Financial Insights (@versace57) and Virginie O’Shea, managing editor at A-Team Group (@virginieateam). Virginie posed several interesting questions to Michael and me, covering technological and cultural challenges and approaches to enterprise risk management. Within the boundaries of Twitter, we had a meaningful discussion around internal governance, the importance of risk empowerment, and how to capitalize on industry changes and take action now.... read more
global director of actuarial and Solvency II consulting, SunGard’s insurance business
Contributor: Petra Wildemann
Regulatory reform has affected both the banking and insurance market. This has created, tougher CAR requirements and need for greater transparency and data control. This time, we will explore how the CIRC is bringing reporting further in line with Solvency II and starting to put the regulations in place.... read more
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