BEGIN:VCALENDAR VERSION:2.0 PRODID:-//132.216.98.100//NONSGML kigkonsult.se iCalcreator 2.20.4// BEGIN:VEVENT UID:20251121T195258EST-9377tfZZUt@132.216.98.100 DTSTAMP:20251122T005258Z DESCRIPTION:A Change in Paradigm for the Insurance Industry\n\n\n Semestre t hématique du CRMRisque et systèmes complexes - Modèles\, applications\, pe rceptions et enjeux stratégiquesCRM Thematic SemesterRisk in complex syste ms - Models\, applications\, perceptions\, and policy implicationsIn this presentation\, I will review changes in the insurance industry due to new risk-based regulations such as Solvency 2 and SST and pressure of the shar eholders. The move from corporate management based on cash-flow to risk-ba sed management will be described and discussed through its consequences on capital management\, economic valuation and the internal model. I will al so discuss the limits and difficulties of Enterprise Risk Management and i ts effect on the organization of companies. Moreover\, I will emphasize th e changing role of actuaries in insurance. As we will see\, the risk/retur n relationship is becoming a central element of the company’s management\, slowly supplanting the traditional accounting view.\n\n \n\n\n  \n\n HEC Mo ntréal\, Pavillon Decelles\, 5255 Avenue Decelles (Métro Côte-des-Neiges)\ , Amphithéâtre Lévis\, section sud\, 3e étage\n\n\n \n\n \n DTSTART:20170913T233000Z DTEND:20170914T003000Z SUMMARY:Michel M. Dacorogna\, DEAR-Consulting\, Suisse/Switzerland URL:/mathstat/channels/event/michel-m-dacorogna-dear-c onsulting-suisseswitzerland-270175 END:VEVENT END:VCALENDAR