Risk insights: a range of articles informed by leading risk thinkers

Risk olympians

My thinking is informed by people with decades of experience in risk management and commerce, the top 3 – "risk olympians" – being:

Of the many writers I have read and respect these are my (alphabetically ordered) medal winners, whose work I revisit most often, either mentally or via Google.

My contribution

Whether it's risk registers, risk-control matrices, explanatory optimisation models or avoiding Xbox risk management, I've borrowed and referenced extensively. Often I've tried to make improvements. Sometimes I've developed software e.g. online risk registers and value optimisation. I aim to always reference and link.

I hope you find the material below and on this site helpful.

External links: the risk olympians

Dave Ingram | visit Dave's website

Dave Ingram is a member of Willis Re's Analytics team, providing ERM, risk and capital management advisory services to Willis Re’s insurance clients.

Dave was previously the Senior Director, ERM in the Insurance Ratings Group of Standard and Poor’s, New York. In that position, he spearheaded S&P’s initiative to incorporate ERM as one of the primary ratings criteria and the development of the framework for reviewing economic capital models.

During 7 years as a Consulting Actuary with Milliman, Dave consulted on risk management and risk analysis. Dave also has over 20 years of actuarial and general management experience in the insurance industry, as corporate actuary, business unit head, planning officer, ALM and pension actuary for a major US insurer.

Dave has authored over 40 published articles relating to ERM. His "Risk and Light" won the 2009 Best Practical Paper award at the ERM Symposium. Founder of the International Network of Actuarial Risk Managers, he is chair of the Enterprise and Financial Risks Committee of the International Actuarial Association.

Dave is a graduate of Lehigh University with a BA in Mathematics and a concentration in journalism. Archive of Dave Ingram Publications.

Matthew Leitch | visit Matthew's website

Matthew Leitch has an interesting and varied background and I consider him a guru of risk management; in the past, I have turned to him for advice. He has been an independent consultant for over a decade, is hugely knowledgeable, and is a strong designer. He has been a key figure in the development of risk management standards in the UK and has received two Distinguished Service Certificates from the British Standards Institution.

William Panning | visit William's website

William Panning has published more than sixty articles on ERM and related topics. Three have won prizes for excellence, three have been adopted by the Casualty Actuarial Society for their examination syllabus and two have been adopted by the Society of Actuaries.

In 2007 he received a Lifetime Achievement Award from the Insurance Education Institute and the Reinsurance Association of America for "contributions to educating insurance professionals and improving the way in which risk is measured."

William earned a Ph.D. at the University of Pennsylvania, taught at the Wharton School, and later worked as a "quant", investment strategist, portfolio manager, and senior executive at The Hartford, Aetna, MetLife and other firms.

My articles

The "better" series

I take an area of risk management which gets relatively high exposure and explain how I think it can be done more efficiently or effectively.

The "risk register" series

User beware. Many risk experts have warned of the common flaws in risk registers. It doesn't have to be this way. The first half of the set of articles below is generally positive, starting with how five potential audiences might make better use of risk registers. The second half warns of some really dangerous flaws.

The "helpful" series

In the parody of "risk management as policeman" being helpful does not have a main part. This series aims to be much more helpful.

  • The 6 Ps of risk management : What does your risk management apply to? I suggest planning, projects, products, processes, pounds and people: the 6 Ps.
  • Defining risk : The article highlights others' work: (1) proposing compact definitions of risk management while (2) recognising alternative perspectives.
  • Multiple perspectives on risk : Risk as a concept can be slippery. I suggest four perspectives to increase understanding and motivate action.
  • Risk management is more than risk registers : Ask more of, less of and beware of risk registers. The role of models and other risk management techniques.

Other articles

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