Messages from 10-19 to 1-24

[Dave Ingram]

Begin forwarded message:

From: "Ingram, Dave" <Dave....@willis.com>

Date: January 16, 2014 8:35:13 PM EST

To: "in...@list.soa.org" <in...@list.soa.org>

Subject: INARM Message - Global Risks Report 2014

David Ingram, CERA, FRM, PRM
Willis Re
+1 212 915 8039
+1 646 287 7929 (mobile)
 

From: Heller, Carol [mailto:hel...@wharton.upenn.edu]
Sent: Thursday, January 16, 2014 05:24 PM Central Standard Time
Subject: World Economic Forum and Wharton Risk Center Partner on Global Risks Report 2014
 

Dear Friends,

 

We are pleased to send you the Global Risks Report 2014, which analyses 31 global risks and their interdependencies.  This is the 9^th edition of the report published by the World Economic Forum and its partners, which include the Wharton Risk Management Center.  The Wharton Risk Center has been the Forum’s academic partner since the report’s inception in 2005.

 

The report is released worldwide today, a week ahead of the World Economic Forum’s Annual Meeting in Davos. Other partners of Global Risks 2014 include Marsh & McLennan Companies, Swiss Re, Zurich Insurance Group, the Oxford Martin School (University of Oxford), and the National University of Singapore.

 

This year, the report includes a special section on “Strategies for Managing Global Risks” based on findings from a Wharton research project that interviewed over 100 high-level executives in S&P 500 companies to examine the variety of ways in which firms identify and manage risks.  Based on these preliminary findings, the GRR 2014 suggests strategies for firms and governments to build resilience to shocks from systemic global risks that, through interdependencies, may impact them in unexpected ways.

 

This inclusion is important as the community of risk thought leaders moves beyond the tasks of identifying risks, increasingly focusing on building resilience capacity that creates measurable value for firms and countries. A critical component in preparing for disasters is to create incentives that encourage risk managers to engage in long-term deliberative thinking. Techniques such as scenario analysis, stress tests and ranking/scoring metrics can help overcome myopia, inherent in human decision-making. This new mindset is entering the boardroom in a much more significant way today than when the Global Risks initiative began almost 10 years ago.

 

The Global Risks 2014 report can be found at:  http://opim.wharton.upenn.edu/risk/library/Global_Risks_2014.pdf

 

Contributing authors Howard Kunreuther (co-Director) and Erwann Michel-Kerjan (Executive Director) are available for comments and interviews (print/web and TV). To schedule, contact Carol Heller at hel...@wharton.upenn.edu or 215-898-5688.