Crossing Thin Ice

Apr 23 2024
Crossing Thin Ice Podcast artwork

A discussion of Risk and Risk Management from the perspective of an Insurance company risk manager. Insurers provide products that help everyone to manage their risks. Here you will hear Dave Ingram and Max Rudolph, actuaries from the global consultancy Actuarial Risk Management talk about the sorts of things that keep those insurance company risk managers up at night. Or at least they should.

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Regime Change - Scenarios

Apr 23 2024 23 mins  
Four scenario examples leading to Regime Change from Neil Howe, Ray Dalio, Peter Zeihan and the IPCC show us how widely the disruptions can differ while consistently ending up with a big regime change in our near-term future. Part 2 of a four-part series. By Dave Ingram and Max Rudolph

Interest Rate RIsk for Insurers

Apr 09 2024 21 mins  
When rates recently spiked it surprised many with direct and indirect implications. The market value of bonds decreased, and the price of replacement parts for autos increased. There are three ways that insurers can be affected by higher rates. Looking at past events help to prepare for similar tail events in the future. By Max Rudolph.

Dangerous Risks 2024: Return to Normal Concerns

Mar 21 2024 22 mins  
The 2024 survey sees respondents react to recent increases in specific risks as technology evolves and the environment moves away from the pandemic. The top 4 risks are the same as those seen in 2019. By Dave Ingram and Max Rudolph.

No Free Lunch

Mar 05 2024 19 mins  
New asset classes like junk bonds and subprime mortgages initially promised high returns without too much risk. Many investors were surprised to find that the risk premium was insufficient to provide for actual losses when they came. Modelers need to adjust for incomplete investment cycles that include only the positive part (e.g., high spreads) but not the defaults and liquidity c

RiskMaster Cheat Code

Feb 20 2024 21 mins  
Has any of your ERM program has been written down? Or is it at risk of being lost when a key player leaves the insurer? The Risk Management Framework document provides the RiskMaster Cheat Codes for understanding the overall ERM system and for specific topics like stress testing and risk reporting to allow a new risk team to start from a solid base should that be needed. It also ca

Water, Water Everywhere

Feb 06 2024 22 mins  
Climate change and population growth have stressed fresh water sources, leaving agriculture and coastal residents with opposing issues. While aquifers and rivers struggle, extreme weather and sea level rise provide an overabundance of water. Insurers increasingly are dealing with these extreme weather events that highlight the presence of too much water (hurricanes, inland flooding

Achieving Resilience

Jan 23 2024 18 mins  
Resilience can be described as bending without breaking. There are four aspects of ERM that all need to be fully adopted to achieve this important result. By Dave Ingram.

Using Risk Appetite: Contrarian Views

Jan 09 2024 14 mins  
It is commonly assumed that higher returns require higher risk to be accepted. Fear and greed may outperform over the short term but often the last investor in does poorly. Long periods of stimulus provide warning that economic cycles come to an end eventually. By Max Rudolph.

Regime Changes lead to New Normal

Dec 18 2023 23 mins  
Radical changes in our Physical, Political, Economic and Social systems have been and will continue to buffet humanity. Every so often the combined result is a major change of regime in which new patterns for each of these systems develops and persists for some time creating a new normal. We make the case that this is coming in our world. By Max Rudolph and Dave Ingram

Leverage: The Flip Side of Risk Management

Dec 04 2023 17 mins  
It was tempting, when interest rates were so low, to borrow just because you could. But that may not be best for an organization from a risk/reward perspective. Leverage can have a major impact on the risk profile that is not usually considered. Leverage is actually the flip side of risk management. By Dave Ingram