Over the last decade, reinsurance companies have built robust enterprise risk management (ERM)frameworks, but how equipped are they to evaluate the risks and rewards around InsurTechs? How well does the drive for 'test and learn' and agility fit within most reinsurance companies' current risk appetite and business acceptance processes? Discuss considerations when evaluating the suitability of current risk frameworks for innovation, including risk appetites, guidance, and monitoring/communication of risks. In addition, panel experts will offer insight into how actuaries and risk managers can be seen as a valued partner, not just a gatekeeper, in these venturesby providing constructive feedback and maintaining the right skills and expertise in these emerging technologies.
By attending the session, you will:
Be able to assess ERM frameworks, specifically a framework's ability to manage and monitor innovation as well as better support the strategic decision-making for InsurTech partnerships and ventures.