Scenario Planning In 10 Steps Crossing Thin Ice podcast

18:03

Insurance only works if we can all keep up with the rapid changes being brought on by climate change. In this podcast, Max Rudolph explores the challenges insurers face with wildfires, hurricanes, and the struggle to set fair premiums. They discuss the need for community resilience, regulatory shifts, and innovative predictive modeling. Join them to discover how homeowners can protect themselves in an unpredictable market and why sustainable practices are essential for the future of insurance.…

Crossing Thin Ice

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Anti-ERM Beliefs 18:13

4 weeks ago18:13

18:13

Anyone who has worked in Risk Management has encountered individuals who, for one reason or another, do not believe that ERM is beneficial to a company. In this podcast, Max and Dave examine 10 common Anti-ERM Beliefs and suggest ways to address them.

Crossing Thin Ice

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Just Around the Corner: 2025 Stress Scenarios 22:36

6 weeks ago22:36

22:36

Discover four scenarios that could reshape our world and your business. Max and Dave are always talking about how important it is to do stress tests. Here are some examples of today’s risks to get you started. Each of these scenarios is built off a plausible extrapolation of recent trends. This podcast offers a deep dive into the dynamics that could have a major impact your organization. Tune in to prepare for the challenges ahead and turn potential threats into opportunities for growth.…

Crossing Thin Ice

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Top Emerging Risks for 2025 18:19

8 weeks ago18:19

18:19

Are we ready for the next wave of challenges? As the world evolves, so do the risks that come with it. From climate change to geopolitical tensions and the rapid rise of AI, the landscape is shifting in ways we may not fully comprehend. These emerging threats can disrupt businesses, economies, and even our daily lives. It's crucial to stay informed and proactive in our risk management strategies. Join us as we delve into the complexities of these risks and explore the measures we can take to navigate an uncertain future. Together, we can better prepare for what lies ahead.…

Crossing Thin Ice

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Ocean Acidification and the AMOC 18:09

10 weeks ago18:09

18:09

Climate change isn’t just about heat. It’s also changing the chemistry of our oceans, with serious consequences for marine life and food security. In this episode of Crossing Thin Ice , we examine how ocean acidification could accelerate ecosystem collapse. By Max Rudolph

Crossing Thin Ice

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Own Factor Risk Formulas 20:14

12 weeks ago20:14

20:14

Are you using RBC for your company’s risk capital calculations? In this episode of Crossing Thin Ice , Dave Ingram and Max Rudolph dive into the power of Own Factor Risk Formulas—customized risk metrics that can give insurers a clearer, faster, and more accurate picture of their capital needs that is easy to explain to executives and boards. From historical stress testing to AI-enhanced risk management, we explore how companies can move beyond regulatory formulas to build a model that truly fits their risk profile.…

Crossing Thin Ice

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Does the Starting Point Matter? 19:18

14 weeks ago19:18

19:18

When building scenarios - It certainly does! Think about how the 2008 financial crisis reshaped economic forecasts. Those who clung to pre-crisis assumptions faced severe consequences. Acknowledging a new starting point means more resilient strategies. By Max Rudolph

Crossing Thin Ice

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Align ERM to the Company 22:17

16 weeks ago22:17

22:17

Ever wonder why the ‘best practices’ in ERM often fail? Here’s the secret. ERM that does not fit the company will be rejected. It will not transform the company. Imagine an ERM program that your whole company supports. That is what you need. By Dave Ingram

Crossing Thin Ice

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Adaptor - A Vital New Business Role 18:56

19 weeks ago18:56

18:56

The future belongs to those who learn to adapt. In this, the 48th episode of Crossing Thin Ice, Dave Ingram and Max Rudolph dive into the importance of adaptability in modern business. Explore how the new Adaptor role will help companies to anticipate challenges, leverage opportunities, and embed resilience into every decision.…

Crossing Thin Ice

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Risks for 2025 and Beyond 18:57

21 weeks ago18:57

18:57

From China’s aging population and economic slowdown to India’s tech-fueled growth, from the decline of globalization to the rise of AI and climate disruptions, we explore how emerging risks intertwine to drive the future of our risks in 2025 and beyond. Whether you’re a board member, risk manager, or just live on this planet, join us as we navigate these seismic shifts and uncover the strategies needed to stay ahead.…

Crossing Thin Ice

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Spillover Revisited #46 21:19

23 weeks ago21:19

21:19

In this episode of Crossing Thin Ice , we revisit the crucial topic of zoonotic spillover diseases and their evolving impact. From the ongoing challenges posed by COVID-19 to the growing concern about bird flu spreading through mammals, including dairy herds, the discussion highlights what we’ve learned—and what we still need to monitor. Special focus is given to wastewater surveillance as a tool for early virus detection and the role actuaries can play in pandemic preparedness. Tune in to explore these pressing issues and learn how demographic shifts, evolving viruses, and actuarial foresight can help us better prepare for future health crises.…

Crossing Thin Ice

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Large Language Models in Risk Management 20:38

25 weeks ago20:38

20:38

Discover how LLMs are transforming the way risk professionals tackle complex problems, enhancing decision-making much like spreadsheets revolutionized calculations. Listen as we dive into the practical applications of LLMs for Chief Risk Officers, from environmental monitoring to scenario generation, breaking down how these tools can help manage uncertainty, identify weak spots, and even reveal what’s missing in risk assessments. By Dave Ingram…

Crossing Thin Ice

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Model Assumptions under Increasing Uncertainty 19:45

27 weeks ago19:45

19:45

There are massive challenges for setting modeling assumptions in an era of increasing uncertainty. With insights into the impact of climate change, economic volatility, and emerging risks on actuarial models, this podcast explores the concept of resilience in modeling by adapting assumptions to manage volatility from unexpected events. Max Rudolph provides practical advice on addressing assumption uncertainty, integrating risk margins, and refining risk management strategies across assets and liabilities.…

Crossing Thin Ice

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The Power of Risk Management Decision-Making 18:46

29 weeks ago18:46

18:46

A risk-focused mindset ensures better informed, resilient decisions. This mindset leads to a Risk Management Decision-Making process that we describe in this podcast and explain how it differs from other decision-making approaches such as heuristics, satisficing, and cost-benefit analysis. We feature the five essential components—risk awareness, diversification, risk appetite and tolerance, risk-reward management, and competitive advantage—and discuss how these elements transform decision making.…

Crossing Thin Ice

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Regime Change - Before & After 21:11

31 weeks ago21:11