Mon 28 Mar 2022 - Enterprises are increasingly at risk of suffering financial losses from a cyber event. In line with this, Cyber Operational Risk is an increasingly important area for all IFoA practice areas and organisations regardless of the current escalation of geopolitical tensions.
Kovrr, a Cyber risk model vendor to both insurers and enterprise, will use their Cyber risk quantification experience to highlight
- the range of events that could occur,
- the impacts these can have on your organisation,
- what makes these impacts more likely/severe and
- how moving from a mindset of cyber security mindset to one of cyber risk management can help better mitigate and manage this growing risk.
This event will also highlight some related work on Cyber tail risk for Life insurers currently being carried out by the Cyber Risk IFoA working party. More on this will come later in the year.
Visesh Gosrani is a London based actuary and strategic advisor, working across actuarial, risk and finance. He is the founder of CyDelta, a consultancy focused on the changes in the cyber and wider digital world.
Visesh has held senior roles including Chief Actuary and Chief Risk Officer, with experience spanning cyber insurance and other specialist lines, as well as capital, reserving, and regulatory frameworks such as Solvency II. He works with insurers and boards to strengthen decision making, capital allocation, and risk management in increasingly complex and uncertain environments.
He is particularly focused on the practical challenges of AI adoption in professional settings and has developed the VANGUARD framework (Value Aligned, Governed AI Rollout & Delivery) to help organisations move beyond experimentation to controlled, scalable deployment. His aim is that organisations apply AI in a way that is aligned with strategy, governed effectively, and delivers real business value.
Visesh has recently spoken on artificial intelligence and emerging technologies at Queen Mary University of London. He is a Fellow of the Institute and Faculty of Actuaries and an ACCA Affiliate.
KOVRR
Tom Boltman is VP of Strategic Initiatives at Kovrr.
Prior to Kovrr Tom held senior leadership positions at a number of award-winning technology startups.
He also spent 5 years as a Producer at CNN International. He has an MA in Counter-Terrorism and a BA Hons. in International Relations.
Karl Oliver is a Fellow of the Institute and Faculty of Actuaries with 12 years experience in UK life insurance with Lloyds Banking Group. Karl currently works on Solvency II assumptions and methodology and is also a member of the IFoA’s Cyber Risk Working Party.