Mon 15 Aug 2022 - The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.
WTW
Jasvir Grewal is the Head of Data & Analytics of the Global Facultative Broking department at WTW. She is an experienced actuary by profession who has worked at a number of syndicates holding a wide range of roles. She has a good mix of commercial and technical skills with experience across all actuarial departments but now also most non-actuarial business functions as well. In particular, she has a strong background in capital modelling. She holds a first class honours from the University of Warwick in Mathematics and a master’s distinction from the University of Oxford in Mathematical Modelling and Scientific Computing. In addition, she is a fully qualified actuary with the Institute and Faculty of Actuaries (IFoA), holds the Chartered Enterprise Risk Actuary designation as well as various data science certifications. Jasvir is also actively involved with research and has been a member of multiple working parties, has been a member of the IFoA’s Risk Management Board, has multiple publications and presents regularly at industry events.
Lawrence Habahbeh, Director of HedgeGenomics Risk Advisory, is a seasoned geopolitical risk strategist and risk specialist. He has worked with leading global financial institutions and risk management software companies, developing expertise in enterprise risk management, market risk, and counterparty credit risk.
Lawrence is a prominent member of the IFoA. He actively contributes to shaping risk management practices where he serves on the Risk Management Board and the Operational Resilience Task and Finish Group. He also spearheads the climate and sustainability working group and the Black Swan Insurance Working Party.
Dr Madhu Acharyya is a senior lecturer at the Glasgow Caledonian University (London Campus) in the UK, where he leads the MSc Insurance and Sustainable Risk Management programme. His teaching and research focus on the risk and finance topics in banking and insurance sectors. He holds PhD in Enterprise Risk Management from the University of Southampton (UK) and MSc in Insurance and Risk Management from City University (London). Professionally, Acharyya is a fellow of the Institute of Risk Management (UK) and associate of the Chartered Insurance Institute (UK). Madhu is a member of IFoA’s Cyber Risk and Operational Risk Working Parties.