M1. The challenges of managing high impact,low probability (HILP) risks

101 Sessions

11:45 am

Sidlaw Auditorium, Level 3


Speaking

Eddie McLaughlin

Global Leader, Actuarial & Analytics Enterprise Client Leader

Aon

This 101 session will cover the following key themes:

  • How HILP events are characterised and whether this is this the same as a ‘black swan’
  • Sources of data and insight on HILP events
  • Interrogation of conventional enterprise risk management theory such as the problem with risk maps
  • The role of scenario planning and ‘expert’ judgement when exploring HILP risks
  • Risk interdependence
  • Quantitative versus qualitative considerations
  • Risk mitigation versus risk transfer, including the rise of ‘risk resilience’ and Crisis Management
  • Practical examples of managing HILP events e.g. the pandemic, volcanic ash clouds and cyber risk.

By attending this session, you will learn:

  • The role and importance of HILP events to an organisations risk profile
  • How to build HILP events into an organisations ERM process
  • How to use appropriate analytical techniques to support better decision making around HILP events
  • Risk strategies to deploy on HILP events

More Learning

Monday 3 June

Sidlaw Auditorium, Level 3

11:45 am

M1. The challenges of managing high impact,low probability (HILP) risks

Eddie McLaughlin

Global Leader, Actuarial & Analytics Enterprise Client Leader

Aon

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Menteith, Level -1

11:45 am

M2. Horizon scanning and scenario analysis –challenging assumptions

Harshil Shah

Head of ERM

Barnett Waddingham

Nick Websdell

Senior Risk and Resilience Consultant

Barnett Waddingham

Keith Smith

Senior Risk Consultant

Barnett Waddingham

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Galloway - Carrick, Level 1

11:45 am

M3. Cyber risk and insurance – building resilience and strengthening the response

Kelly Butler

CEO Cyber, Media & Technology Practice, Specialty UK

Marsh

Yue Yang

Head of UK Retail Cyber

Marsh

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Galloway - Harris, Level 1

11:45 am

M4. How to engage your C-Suite

Mike Reid

CUO, UK Commercial Lines

Sompo

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Galloway - Ochil, Level 1

11:45 am

T1. International Underwriting Association and Herbert Smith Freehills – Policy Wording Masterclass

Christopher Jones

Director of Legal & Market Services

IUA

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Lomond - Tinto, Level 0

1:00 pm

L1. Lessons in leadership

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Lomond - Moorfoot, Level 0

1:00 pm

L2. Crisis management

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Lomond - Kilsyth, Level 0

1:00 pm

L4. Women in business – finding your feet

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Tuesday 4 June

Wednesday 5 June