Latest Events

 
 irmlogo  The Institute of Risk Management - Solvency II Special Interest Group
 London, 17th March 2010 >View Programme

The IRM's Solvency II Special Interest Group has invited ORIC (Operational Risk Consortium) to be part of an expert panel to discuss the following topics

  • Operational Risk Modelling - what is the point?
  • What is best practice?
  • Debate on utility of external databases and options
 

Events in 2009

 
 MarcusEvans logo  Risk Modelling for P&C Insurance
 London, 16th,17th November 2009 >View Programme

This marcus evans conference will explore the current risk modelling techniques used for catastrophe and financial risk within the P&C industry. Key practitioners from within the industry will demonstrate best practices in effectively modeling risk, share ideas and discuss new and innovative strategies in response to the current market and regulatory challenges facing the industry today.

Mariano Selvaggi, Head of Operational Risk Consortium (ORIC) ABI will give a talk on 'Understanding Operational Risk modelling in Insurance' at the conference.

Enquiries and booking to valeriab@marcusevansuk.com. In order to avail a special discount of 20% on full brochure price for ORIC members, download the VIP code by logging in to the Member's Area.

 
 hanson_wade  Optimising ERM & Economic Capital Management Conference
 Hilton Euston Hotel -London, 13th,14th October >View Programme

The conference brings together CROs and heads of risk management from the market leading insurers as well as the leading regulatory bodies and rating agencies to address the key challenges.

Mariano Selvaggi, Head of Operational Risk Consortium (ORIC) ABI will give a talk on 'Facing the Challenge of Operational Risk Management'at the conference.

To avail a special discount of upto 25% for ORIC members, download the VIP code by logging in to the Member's Area.

 
 Infoline    Stress & Scenario Testing for Insurance Firms Conference
 The Hatton -London, 30th June >View Programme

This conference will provide regulatory guidance and industry case studies on the latest developments in stress testing and scenario analysis within insurance firms.
As a part of the programme, ORIC will give a talk on Scenario Analysis: Understanding the FSA’s Regulatory Expectations and the Industry Response
To avail a special 20% discount as ORIC members, download the VIP code by logging in to the Member's Area.

 
 ORIC_cropped_Logo    ORIC Annual Conference
 Association of British Insurers -London, 26th June >View Programme >Speakers' Bio

Giles Ward and Kathryn Morgan, FSA and CEIOPS, will speak at the launch of ORIC's research on the Modelling and Management of Operational Risk in Insurance Companies. The Operational Risk Consortium (ORIC) together with PwC will present new research on the ORIC loss database and a benchmarking study on op risk practices in insurers. Our distinguished panel of industry experts, regulators and practitioners will reflect on the main research findings, identify key trends in ORM, and discuss latest developments in the Solvency II Directive.

 

 WRN Financial Seminar: Operational & Credit Risk Modelling and Financing Mega-Catastrophes

 London, Date to be decided>View Programme

The Willis Research Network (WRN) is conducting a financial seminar on modelling operational and credit risks within the emerging regulatory landscape. This seminar aims to progress knowledge on quantifying the most challenging risk areas that confront re/insurance company managers. There will also be a special session dedicated to the latest developments in the debate on the financing of mega-catastrophes in the US and elsewhere.

The programme includes an ORIC's talk on operational risk modelling using consortium loss database.
 

 OpRisklogo ORIC on the 'Future of OpRisk' panel at the OpRisk Europe Conference

 London 22 & 23 April>View Programme

Mariano Selvaggi, Head of ORIC would be on the panel 'The future of OpRisk' discussing the following issues.

• Has the recent crisis brought oprisk to the fore?
• Effective structuring of risk management within financial organisations
• New technological threats and opportunities

 

 

ORIC participates in course on Addressing Operational Risk for Insurers

 London 2 & 3 March

This course is specifically tailored for insurers to tackle operational risk successfully and practically. Delegates will not only have the benefit and knowledge of how other companies manage operational risk but more importantly how commerical culture can be embedded within their own company. Ultimately, this course will enable you to achieve the best results by saving time, effort and more signaficantly minimise operational risk.

Mariano Selvaggi, Head of ORIC, will talk on Operational Risk Modeling: Challenges and Potential Benefits

  • Recording loss events and capital management and use of data
  • Quantitative vs. advanced qualitative techniques in modeling operational risk
  • Using internal and consortium loss data for operational risk modeling
  • Measuring and fitting distribution curves
  • Commonly used modeling techniques
  • Correlating operational risk
 

ORIC's views in Insurance Risk & Capital magazine, 20 Jan 2009

Read Article
 

 

ORIC's talk at the Swedish Acturial Society

Sweeden, 22 Jan >View Programme

ORIC will talk to the Swedish Actuarial Society (http://www.aktuarieforeningen.se/) on Thursday 22nd January 2009. The presentation will center on:

- What is ORIC?
- Development plans and strategic vision
- How ORIC can help your business
- Operational risk in the SII Directive (standard formula, calibrations, internal modelling)
- How ORIC fits into SII

The meeting will be hosted by the Swedish Financial Supervisor, who will also provide their views on oprisk in insurance.

 
 

 

           
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Its Registered Office is 51 Gresham Street, London EC2V 7HQ. VAT Registration No. 882 3901 09