In my last job as a Head of operational risk and insurance, I needed a team of 3 quants to build risk models to support decisions, quantify expected losses and calculate expected shortfalls. In my current job, as Head of risk, insurance and internal audit, I can do all this with with 2 AI models,… Continue reading Quant models overthrow traditional risk management: embrace or perish?
Category: Risk management
Help unlock the power of uncertainty: Why I think Excel needs probabilistic calculations
Whether we like it or not, Excel spreadsheets are the backbone of countless businesses and organizations. They drive projections, inform decisions, and model all sorts of processes. But there’s a fundamental limitation – Excel is deterministic. Just one limitation, you say. I hear you, there are plenty of limitations, but this one is a true… Continue reading Help unlock the power of uncertainty: Why I think Excel needs probabilistic calculations
Tucker Carlson failed risk management 101
I recently tried watching Lex Fridman podcast with Tucker Carlson on Putin, Navalny, Trump, CIA, NSA, War, Politics & Freedom. I am not sure whether Tucker is IYI, corrupt or being contrarian for the sake of being contrarian at the cost of losing connect to reality but he certainly failed risk management 101. Normally, I… Continue reading Tucker Carlson failed risk management 101
How quantitative risk analysis can transform insurance buying and other business decisions
Alex Sidorenko, group head of risk, insurance and internal audit at Serra Verde Group, shares why technological advances mean that every CRO can tackle quantitative risk analysis to improve threat management and insurance buying Alex Sidorenko, group head of risk, insurance and internal audit at Serra Verde Group, is speaking at the Risk-!n conference on May 30-31 in… Continue reading How quantitative risk analysis can transform insurance buying and other business decisions
Risk Parenting 101: 7 key principles to teach your kids about risk
In my world, predictability and certainty are myths. Challenging assumptions, no matter how fundamental, is my life motto. But how do I explain this to other people and, most importantly, my children? In this article, I attempt to share my own principles for making better decisions amid life’s chaos. These ideas are not just about… Continue reading Risk Parenting 101: 7 key principles to teach your kids about risk
10 MORE movies risk managers should watch to understand risk based decision making, based on the social comments
When you think of movies, the genres of action, romance, or perhaps drama might come to mind. But what if I told you that some of the most compelling tales of risk management, decision science, and behavioural economics come packaged in the very films we cherish? This isn’t just about Wall Street dramas or high-stakes… Continue reading 10 MORE movies risk managers should watch to understand risk based decision making, based on the social comments
10 movies risk managers should watch to understand risk based decision making
When you think of movies, the genres of action, romance, or perhaps drama might come to mind. But what if I told you that some of the most compelling tales of risk management, decision science, and behavioural economics come packaged in the very films we cherish? This isn’t just about Wall Street dramas or high-stakes… Continue reading 10 movies risk managers should watch to understand risk based decision making
Download your free risk culture action plan
Facing challenges integrating risk management into your day-to-day operations? Look no further. Our action plan offers a meticulous roadmap designed to nurture and instil a risk-aware culture across every facet of your organization. Why is this essential for you? 🔍 Adopting a risk-aware mindset is no longer just a necessity—it’s a competitive advantage. What’s inside?… Continue reading Download your free risk culture action plan
Risk Parenting 101. Risk managers’ guide to teaching kids life’s biggest risks
Welcome to the ever important world of ‘Risk Parenting!’ As risk managers, we strugle to integrate quantitative risk analysis into decision making because most counterparties prefer heatmaps to loss exceedance curves. Let’s change the game, educate future decision makers from when they are young. How about introducing these concepts at home? Can your child discern… Continue reading Risk Parenting 101. Risk managers’ guide to teaching kids life’s biggest risks
The loss curve conversation brokers should be having with clients, but alas…
In my years as a head of risk and, more recently, insurance, I’ve come to cherish statistics and transparency over sales pitches and empty promises. The insurance sector, despite its vast potential for foresight, often leaves me yearning for a deeper connection to raw data. The dream? A world where insurance brokers initiate their discussions… Continue reading The loss curve conversation brokers should be having with clients, but alas…
