Event
Michel M. Dacorogna, DEAR-Consulting, Suisse/Switzerland
Wednesday, September 13, 2017 19:30to20:30
A Change in Paradigm for the Insurance Industry
Semestre th茅matique du CRMRisque et syst猫mes complexes - Mod猫les, applications, perceptions et enjeux strat茅giquesCRM Thematic SemesterRisk in complex systems - Models, applications, perceptions, and policy implicationsIn this presentation, I will review changes in the insurance industry due to new risk-based regulations such as Solvency 2 and SST and pressure of the shareholders. The move from corporate management based on cash-flow to risk-based management will be described and discussed through its consequences on capital management, economic valuation and the internal model. I will also discuss the limits and difficulties of Enterprise Risk Management and its effect on the organization of companies. Moreover, I听will emphasize the changing role of actuaries in insurance. As we will see, the risk/return relationship is becoming a central element of the company鈥檚 management, slowly supplanting the traditional accounting view.
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HEC Montr茅al, Pavillon Decelles, 5255 Avenue Decelles (M茅tro C么te-des-Neiges), Amphith茅芒tre L茅vis, section sud, 3e 茅tage
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