Best dingram@actrisk.com Podcasts (2024)

1
Permafrost 16:46

11d ago16:46

16:46

Feedback loops are increasingly seen as important in climate projections. Melting permafrost is expected to accelerate warming of the planet and release pathogens unknown to us today. By Max Rudolph.By Dave Ingram and Max Rudolph

1
Regime Change - Scenarios 23:08

14d ago23:08

23:08

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 RudolphBy Dave Ingram and Max Rudolph

1
Interest Rate Risk for Insurers 21:57

1M ago21:57

21:57

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.…

1
Dangerous Risks 2024: Return to Normal Concerns 22:56

2M ago22:56

22:56

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.By Dave Ingram and Max Rudolph

1
No Free Lunch 19:16

2M ago19:16

19:16

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) bu…

1
RiskMaster Cheat Code 21:15

3M ago21:15

21:15

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…

1
Water, Water Everywhere 22:00

3M ago22:00

22:00

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 …

1
Achieving Resilience 18:44

4M ago18:44

18:44

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.By Dave Ingram and Max Rudolph

1
Using Risk Appetite: Contrarian Views 14:40

4M ago14:40

14:40

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.By Dave Ingram and Max Rudolph

1
Regime Changes lead to New Normal 23:46

5M ago23:46

23:46

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 Ru…

1
Leverage: The Flip Side of Risk Management 17:42

5M ago17:42

17:42

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…

1
Climate Migration 14:34

6M ago14:34

14:34

No one is arguing anymore that the planet is not getting hotter, but what are the limits to temperature rise for humans survival? The ramifications for those who live in poverty in tropical zones is that they will need to move because of the heat. The alternatives are unacceptable. The world needs a plan to deal with massive climate migration. By M…

1
Risk and Capital 16:22

6M ago16:22

16:22

Stakeholder perception about the appropriate level of risk and the corresponding capital level varies. Some insurers focus on optimizing income and disbursements, while others find their goals aligned by holding redundant capital. Here we discuss several broad choices for the level of capital and the pros and cons of each based upon common business…

1
Interactions between risks: Implications for building scenarios 21:38

7M ago21:38

21:38

Historically, scenarios have focused on one assumption at a time but that is not realistic in today’s quickly evolving world. Risk interactions are very important considerations and impact scenario assumptions dynamically. Three narrative scenarios that interact between financial and non-financial risks are discussed. By Max Rudolph.…

1
Why Insurers Do ERM 20:47

7M ago20:47

20:47

Enterprise Risk Management is practiced in different ways by insurers. Some focus on the basics while others consider ERM as a strategic strength. In a recent survey, ARM asked what is most important to them about ERM.By Dave Ingram

1
After COVID 13:51

8M ago13:51

13:51

Prior to 2019, Pandemic was the most studied emerging risk. And now that one has happened, it is time to study our reactions to COVID. In this podcast, we look at the reactions that people typically have to near death experiences and find that they are similar to the reactions that companies are having to COVID. Several very different reactions hav…

1
Six Futures for ERM 20:46

8M ago20:46

20:46

Scenario based planning is good for forming company strategy and it can also be good for planning risk management. There are a number of ways that the future might play out for risk management and the likelihood of each of the six possibilities mentioned here has probably changed significantly because of our experiences over the past two years. Whi…

1
Super Volcano 16:42

9M ago16:42

16:42

A volcano erupts somewhere, on average, every week. Eruptions large enough to impact the global environment happen much less frequently, but they have happened. The “Year without a Summer” in 1815 affected crops and immigration, and similar events will happen again. These Super Volcanoes tend to have numerous knock-on effects. By Max Rudolph…

1
Concentration 23:07

10M ago23:07

23:07

Concentration is added by doubling down on things you do well. This two-part story considers strategic drivers that add to concentration and tactical methods to mitigate these risks. By Dave Ingram and Max Rudolph.By dingram@actrisk.com

1
Cascadia Earthquake 16:53

10M ago16:53

16:53

When a catastrophic event hasn’t happened since 1700 there is not much historical data to aid those who live there or insure residents. Here are some of the basic concerns. By Max RudolphBy Max Rudolph

1
Telling Your ERM Story to Rating Agency 15:59

11M ago15:59

15:59

There is a story about ERM that most insurers can tell. A story with four chapters: ERM Framework, Individual Risks, Aggregate Risk & Capital and the ERM Journey. Usually there isn’t enough time to tell the the ratings analyst all four chapters, so you have to choose. By Dave IngramBy dingram@actrisk.com

1
Microplastics 13:20

11M ago13:20

13:20

Tiny pieces of plastic are found in the ocean, soils and the human body. This can’t be good. Scientists are still learning about the implications of microplastics, but it’s clear that better recycling and reduced use of plastic bottles, fishing nets, micro beads and nurdles are a start. By Max Rudolph…

1
Three Levels of Stress 18:29

12M ago18:29

18:29

Stress tests come in a wide variety of levels of adversity. This podcast suggests that we all should focus on just three: normal volatility, realistic disasters and worst case scenarios. Aligning the appropriate stress test to the audience is very important when managing risk for an insurer. Management, Boards and Regulators will each find somethin…

1
Solar Storms 16:45

12M ago16:45

16:45

Emerging risks play a key role in risk analysis. One such emerging risk, Solar Storms, is much more than just pretty northern lights. An impactful solar storm happened as recently as 1859. Then, some problems with telegraph wires were reported, just imagine how much more we depend upon electronics now than we did in 1859. That is exactly what we do…

1
Inflation - Most Dangerous Risk of 2023 22:35

1y ago22:35

22:35

A deep dive into the risk selected as the Most Dangerous of 2023. We compare recent inflation spikes against past events, look at the drivers of the current bout of inflation, the impact on the insurance industry along with the most common responses. In addition, we also invert the question and consider what would cause future inflation to be very …

1
Fear vs. Danger 24:16

1y ago24:16

24:16

Fear or Danger is a false choice. But using rational thought to balance fear and danger, and find an appropriate response, is very difficult. This repeatable process for thinking through how to react can improve your likelihood of success. Risk Intelligence: tinyurl.com/2dcywkx4By dingram@actrisk.com

1
Spillover Diseases 19:13

1y ago19:13

19:13

As humans encroach on new ecosystems diseases found in animals and birds can jump to a new home inside us. We think about coronavirus and influenza but should monitor closely diseases like bird flu and Ebola. By Max RudolphBy dingram@actrisk.com

1
Most Dangerous Risks 16:59

1y ago16:59

16:59

Over 200 respondents in the Dangerous Risks to Insurers Survey reordered the top risks, with Inflation swapping with Cybersecurity and cybercrime for the #1 spot, and Global/National recession moving into the top 5 at #3. By Dave Ingram and Max RudolphBy dingram@actrisk.com

1
Bacterial Antimicrobial Resistance 17:37

1y ago17:37

17:37

This podcast is a challenge for you to consider something that is likely not yet on your risk register. Could the spread of bacteria with resistance to antibiotics have an impact on your business plans? We provide some questions that you might ask as well as some preliminary answers.By Max Rudolph & Dave Ingram

1
Learning from Loss 17:50

1y ago17:50

17:50

A major loss often causes management to question past decisions. They might even reverse some of them, but this may be an overreaction. The Chief Risk Officer improves the discussion by bringing a systematic review of the risk related decisions that preceded the loss. In many cases potential problems can be fixed without taking drastic and dramatic…

1
Moderately Adverse Conditions 17:50

1+ y ago17:50

17:50

We have generally used a continuation of the current environment as our base assumption. But now, with the encouragement of the NY DFS, that is being treated as worse than “Moderately Adverse” scenario. Insurers need to develop a robust set of stress scenarios to test reserve adequacy that include continuation of current conditions and a variety of…

1
Three Little Pigs 15:05

1+ y ago15:05

15:05

When you encounter vastly different risk taking behaviors at two different businesses, you shouldn’t automatically presume that they are driven by totally different risk tolerances. In some cases they are actually the result of similar risk tolerances and major disagreements in risk assessment. Just ask the Three Little Pigs.…

1
Narrative Scenarios 19:25

1+ y ago19:25

19:25

The current real life scenario combines a pandemic, weather events, supply chain issues, inflation and a regional war all at the same time. Multi risk scenarios can provide major insights about a firm’s resilience that do not necessarily happen with single risk scenarios or even with stochastic models. You may not agree with all of them. They are m…

Podcasts Worth a Listen

Dingram@actrisk.com Podcasts

Podcasts Worth a Listen

1
Crossing Thin Ice

Dave Ingram and Max Rudolph

1
Permafrost 16:46

1
Regime Change - Scenarios 23:08

1
Interest Rate Risk for Insurers 21:57

1
Dangerous Risks 2024: Return to Normal Concerns 22:56

1
No Free Lunch 19:16

1
RiskMaster Cheat Code 21:15

1
Water, Water Everywhere 22:00

1
Achieving Resilience 18:44

1
Using Risk Appetite: Contrarian Views 14:40

1
Regime Changes lead to New Normal 23:46

1
Leverage: The Flip Side of Risk Management 17:42

1
Climate Migration 14:34

1
Risk and Capital 16:22

1
Interactions between risks: Implications for building scenarios 21:38

1
Why Insurers Do ERM 20:47

1
After COVID 13:51

1
Six Futures for ERM 20:46

1
Super Volcano 16:42

1
Concentration 23:07

1
Cascadia Earthquake 16:53

1
Telling Your ERM Story to Rating Agency 15:59

1
Microplastics 13:20

1
Three Levels of Stress 18:29

1
Solar Storms 16:45

1
Inflation - Most Dangerous Risk of 2023 22:35

1
Fear vs. Danger 24:16

1
Spillover Diseases 19:13

1
Most Dangerous Risks 16:59

1
Bacterial Antimicrobial Resistance 17:37

1
Learning from Loss 17:50

1
Moderately Adverse Conditions 17:50

1
Three Little Pigs 15:05

1
Narrative Scenarios 19:25

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