The challenges of managing High Impact, Low Probability (HILP) risks

101 Sessions

11:45 am

Room TBC


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

Room TBC

11:45 am

The challenges of managing High Impact, Low Probability (HILP) risks

Eddie McLaughlin

Global Leader, Actuarial & Analytics Enterprise Client Leader

Aon

Read more
Room TBC

11:45 am

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

Read more
Room TBC

11:45 am

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

Read more
Room TBC

11:45 am

How to engage your C-Suite

Mike Reid

CUO, UK Commercial Lines

Sompo International

Read more
Room TBC

11:45 am

IUA / HSF Policy Wordings Masterclass: Policy Wordings Developments and the role of AI

Christopher Jones

Director of Legal & Market Services

IUA

Read more
Room TBC

Partner Lunch

1:00 pm

L2. Lessons in Leadership

Read more
Room TBC

Partner Lunch

1:00 pm

L3. Crisis Management

Read more
Room TBC

Partner Lunch

1:00 pm

L4. AI

Read more

Tuesday 4 June

Wednesday 5 June