DWBE - 011 - Plural Rational Theory

Riding the Wave-Project Management for Emergency Managers

Sponsored by the MS in ERM Program at Yeshiva University's Katz School: www.yu.edu/katz/programs/graduate/ms-risk In this episode we spoke with David N. Ingram, CERA, FRM, PRM, FSA, MAAA Dave heads Willis Reinsurance’s ERM Advisory group, helping insurance company clients to develop and improve their Enterprise Risk Management practices. He was previously in the Insurance Ratings Group of Standard and Poor's (S&P) where he led their initiative to incorporate ERM into insurance ratings. Dave has also held executive positions within insurance companies. Dave is a frequent writer and speaker on ERM. Four times he has won the award for Best Practical Paper at the annual ERM Symposium. He was recently the Chair of the International Actuarial Association (IAA) Enterprise and Financial Risk Committee and Chair of the US Actuarial Standards Board ERM Committee. He now leads the IAA ERM task force of the actuarial standards committee. In those roles, Dave was instrumental in the promulgation of the first ERM related professional standards of practice for actuaries in the US and globally. We spoke about his work in Plural Rational Theory as it applies to risk attitude, the current market state, and the changes in the insurance industry. Please find the links to articles David has written below: http://www.tandfonline.com/doi/pdf/10.1080/10920277.2013.847781 https://hbr.org/2012/06/whats-your-risk-attitude-and-h https://www.insuranceerm.com/assets/files/expert-papers/Rational%20adaptation%20for%20ERM%20in%20a%20changing%20environment.pdf