RMG215 Why am I here? Quantifying the Value of a Risk Professional. Risk & Insurance Management Society Annual Conference April 17, 2012
|
|
- Ophelia Cobb
- 6 years ago
- Views:
Transcription
1 RMG215 Why am I here? Quantifying the Value of a Risk Professional Risk & Insurance Management Society Annual Conference April 17,
2 Housekeeping items Silence cellphones! Note exits Be sure to complete the evaluation form Sessions may be either audio or video taped, therefore. Please ask questions with the microphone provided Press may be here too Session materials can be found on the RIMS website and printed at the on-site printing stations 2
3 Roberta Martoza JP Morgan Chase, Inc. (212) Your Panelists Michael Tannenbaum Key Strategies, LLC (973) Edward Koral Deloitte Consulting LLP (212)
4 What is Risk Management s mission? (i.e., how do we define success?) Create a framework by which the firm decides, systematically and intelligently, how to cope with fortuitous risks by assuming, transferring, or eliminating/reducing them Promote safety and loss prevention Promote awareness and intelligence about risk, especially insurance risk Minimize loss events and their cost Control premium and administrative costs Maintain appropriately broad insurance coverage 4 4
5 What are Risk Management s KPIs? (i.e., what are the earmarks of success?) Growth/shrinkage of premiums Growth/shrinkage of professional service fees Claims frequency Lost-time injury rate Average dollar value per claim Incurred losses as a % of payroll (or sales, or vehicle units, or miles driven) Proportion of insurable losses actually recovered from insurers Compliance rate (or frequency of lapses in compliance) 5 5
6 Push a button, hear a sound 6 6
7 What buttons do organizations push? (i.e., how can we create success?) Loss prevention/safety programs Risk management education and training Aggressive, effective claims management Aggressive, effective negotiation with: Underwriters Brokers Outsourced expertise providers Contractual/transactional risk management Hiring smart people (psssst!! That s YOU!) 7 7
8 But isn t it more complicated? 8 8
9 Which parts of the pie are manageable? 9
10 Where s the leakage? Keys Aggressive, effective negotiation with insurers, brokers, outsourced providers Sounds Growth/shrinkage of premiums, fees Proportion of insurable losses actually recovered from insurers Loss prevention/safety programs Contractual/transactional risk management Aggressive, effective claims management Claims frequency Lost-time injury rate Average dollar value per claim Incurred losses as a % of payroll (or sales, or vehicle units, or miles driven) Risk management education and training Compliance rate (or frequency of lapses in compliance) 10 10
11 What happened in that black box? Bad luck Market conditions Poor senior management support (enforcement, funding) Your closest competitor just had a whopper of a loss Courts creatively invented new constitutional rights Your expense budget got cut Good luck Market conditions Your organization really got with the program Risk management awareness has permeated the corporate culture Nothing succeeds like success 11 11
12 Is virtue its own reward? Doin the right thing Loss prevention Payoff? It couldn t hurt Aggressive negotiation Operational risk management Risk management ambassadorship Potential Investments Predictive modeling projects Additional professionals Educational programs But is that enough, and what other tools quantitative AND qualitative -- can measure the value add? 12 12
13 Roberta Martoza JP Morgan Chase, Inc. (212)
14 JP Morgan Chase (JPMC) Fiscal Year 2011: Net Income of $19 Billion Approximately 260,000 Employees Worldwide $2.3 Trillion in Assets Lease and/or Own 85.5 Million Square Feet around the globe Leader in: Wholesale Businesses Investment Banking Treasury & Security Services Asset Management Consumer Businesses Retail & Financial Services Card & Auto Services 14
15 JPMC s Insurance Risk Function 28 Employees located in New York, Chicago and the United Kingdom Responsible for the placement of commercial insurance around the globe Handle all claims associated with those programs, including workers compensation and general liability Utilize captive insurers to fund risk Support lines of business Report to the Corporate Treasurer 15
16 JPMC s Risks From JPMC s 2/ K filing: Regulatory Risk Market Risk Credit Risk Liquidity Risk Legal Risk Business & Operational Risks There are many Risk Managers 16
17 My Experience Worked at organizations where there were existing risk management departments in addition to some where I was the first risk manager I ve been involved in quantifying the RM function s value through various initiatives: Cost of Risk Malcolm Baldrige Quality Award Six Sigma ERM KPI s Cascading Goals & Objectives I m still not satisfied that any of these initiatives really demonstrated the true value that our positions provide our organizations! 17
18 Traditional Goals/KPI s Often associated with performance improvement initiatives Quantitative measurements are often focused upon items that our function may not have overall control of (i.e.: Cost of Risk) Once a measure is created, it may be difficult to modify based upon the changing needs of your organization May focus upon processes vs. the value that these processes provide the organization 18
19 How does your function add value? Do you place the firm s insurance? Claims? Do you transfer risk? Are you responsible for loss control? Do you identify risks and develop way to transfer/mitigate these? Are you responsible for developing business resiliency plans? First step is to list your areas of responsibility and map these to your firm s overall strategic initiatives. 19
20 How does your function add value? Once you ve identified how your value proposition aligns with the firm s strategic initiatives, how do you get the word out about what you do? Get out and visit with key areas of your organization. Be prepared to collaborate Ask questions if you don t know something ask Become educated Demonstrate how the risk management process can improve results Connect people For example: While visiting manufacturing, you discover that they are having a difficult time with Theft. You team with security and other resources to develop improvements for reducing this risk. 20
21 Communication Validate your goals/objectives with those of your manager Your focus should be upon what matters most to the firm Everything Risk Management does has a positive outcome, ensure that you can measure these and communicate the positive impact your efforts are having If you do not meet regularly with your management, find ways to make it happen. 21
22 How do you know if it s working? Are you asked to participate on projects? Do your business teams seek you out to help them solve problems? Are you asked to participate on teams that deal with risk issues? 22
23 Michael Tannenbaum Key Strategies, LLC (973)
24 How do you justify investing in people? What s your department business plan? How do the people impact your department s performance? Is your department providing all it could and what could you do better? 24 24
25 What s Your Value Proposition How strong is your department s brand? Is Risk Management understood and embraced? Do you have a communication strategy? Are you able to identify the bottom-line impact of what you do? 25
26 Defining Success When do you get the call? Are you meeting with the C-suite regularly? Who supports you when you need a decision? Does your vision line up with management s? Is Risk Management integrated into the strategy of the organization? 26
27 Value Drivers Define the essence of Risk Management ID obstacles and how to overcome Internal training sessions Relevant examples Know Your Audience 27
28 Staffing Levels Optimum vs. Barely Adequate How do you justify head count? Do you have a staffing plan? Timing is everything What s your pitch? How Branding comes into play 28
29 Benchmarking Track all questions, issues and calls you handle Claims, loss and cost of risk comparisons Head count levels: size of the organization Level of satisfaction, Yours and theirs Strategic vs. day to day 29
30 Career Implications Strong Brand = Promotion Opportunities Perceived level of impact has direct affect Communication vs. technical skills Business mentality Strategic vs. transactional 30
31 QUESTIONS? As part of RIMS green initiatives, there are no printed handouts. Visit to download available handouts. 31
FIN300 Premium Taxes and the Impact of Dodd-Frank. Risk & Insurance Management Society Annual Conference April 18, 2012
FIN300 Premium Taxes and the Impact of Dodd-Frank Risk & Insurance Management Society Annual Conference April 18, 2012 1 Housekeeping items Silence cellphones! Note exits Be sure to complete the evaluation
More informationHow To Drive Actionable Intelligence On The Big Data Journey. October 15, 2015
How To Drive Actionable Intelligence On The Big Data Journey October 15, 2015 HOW TO DRIVE ACTIONABLE INTELLIGENCE ON THE BIG DATA JOURNEY Today s Host MAC D. NADEL National Retail/Wholesale, Food & Beverage
More informationWORKING TOGETHER TO BUILD STRONGER PORTFOLIOS
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE WORKING TOGETHER TO BUILD STRONGER PORTFOLIOS Four ways J.P. Morgan helps solve your investment needs The path to a stronger portfolio starts here It takes
More informationCAPTIVE INSURANCE PROGRAMS. Turning your Workers Compensation Premiums into Profits
CAPTIVE INSURANCE PROGRAMS Turning your Workers Compensation Premiums into Profits There s no question that restaurant and food service companies face bottom line pressure today from both significant market
More informationUsing Lean Risk Management to Reduce Costs
Using Lean Risk Management to Reduce Costs How a Total Cost of Risk Approach Eliminates Waste and Maximizes the Value Received From Insurance Programs Introduction Many companies have increased their profitability
More informationThe Effective Guide for SELECTING ESSENTIAL PROPERTY MANAGEMENT KPIS
The Effective Guide for SELECTING ESSENTIAL PROPERTY MANAGEMENT KPIS If you can t measure it, you can t manage it management guru, Peter Drucker s classic business meme couldn t be more true in commercial
More informationSTUDENT HEALTH & SPECIAL RISK. Tailored Solutions for Students and Educational Institutions
STUDENT HEALTH & SPECIAL RISK Tailored Solutions for Students and Educational Institutions Student Health & Special Risk A diverse group of industry insurance specialists. Providing solutions to meet your
More informationRetailer Risk: The Tipping Point IND019
Speakers: Retailer Risk: The Tipping Point IND019 Carol L. Murphy, Managing Director, Aon Risk Solutions Maggie Biggs, Director, Risk & Insurance, PetSmart Lé Andra Holly, Senior Manager, Risk Management,
More informationBest Practices in Project Risk Management. Presented by: Jeff Miller, PMP - Director of Project Management Interstates Control Systems, Inc.
Best Practices in Project Risk Management Presented by: Jeff Miller, PMP - Director of Project Management Interstates Control Systems, Inc. What is Project Risk Management? PMBOK Definition of Project
More informationITIL Practitioner Course 06 - Use Metrics & Measurement
ITIL Practitioner Course 06 - Use Metrics & Measurement Course Slide 1 Use Metrics & Measurement CSFs, KPIs & Improvement Analyze CSFs & KPIs in context Assessments Design a Report Slide 2 Learning Objectives
More informationHow to Control Your Own Destiny, Generate More Fees and Explode Your Wealth By Structuring Your Own Deals Using Little of Your Own Money WEALTH
How to Control Your Own Destiny, Generate More Fees and Explode Your Wealth By Structuring Your Own Deals Using Little of Your Own Money A Business Designed for Brokers That ll Increase Your Fees and Explode
More informationGALLAGHER REAL ESTATE & HOSPITALITY PRACTICE. Real Insurance Solutions for Real Estate and Hospitality
GALLAGHER REAL ESTATE & HOSPITALITY PRACTICE Real Insurance Solutions for Real Estate and Hospitality Real Estate & Hospitality Risk Management Services We Understand Your Business Understanding the specific
More informationWhat retirement plan sponsors value most from financial advisors
FINANCIAL PROFESSIONAL A winning combination What retirement plan sponsors value most from financial advisors A research study TABLE OF CONTENTS 1 Background and methodology 2 Key findings 5 The advisor
More informationENTERPRISE RISK MANAGEMENT IN HEALTH CARE. April 27, 2017
ENTERPRISE RISK MANAGEMENT IN HEALTH CARE April 27, 2017 Presenters Adam Marshall Director, Risk Advisory Services Jessika Garis Manager, Risk Advisory Services RSM US LLP Adam.Marshall@rsmus.com +1 410
More informationHow to Build a Budget You Can Count On
May 22-25, 2016 Los Angeles Convention Center Los Angeles, California How to Build a Budget You Can Count On Presented by Michael E. Palmer FM20 5/24/2016 8:00 AM - 9:00 AM The handouts and presentations
More information10 S. Riverside Plaza, Suite 1600
www.zacks.com/ultimate/blackboxtrader Zacks Investment Research, Inc. 10 S. Riverside Plaza, Suite 1600 Chicago, Illinois 60606 Contents Introduction 2 Section 1: The Mental Aspect 3 Section 2: Getting
More informationPERSONAL FINANCE FINAL EXAM REVIEW. Click here to begin
PERSONAL FINANCE FINAL EXAM REVIEW Click here to begin FINAL EXAM REVIEW Once you work through the questions, you will have a good ideas of what will be on the final next week. Click here if you are too
More informationCommitment to the Greater Good GALLAGHER NONPROFIT PRACTICE
GALLAGHER NONPROFIT PRACTICE Commitment to the Greater Good Insurance Brokerage Benefits & Retirement Consulting Claims Administration & Advocacy Institutional Investment & Fiduciary Services Alternative
More informationTailored and experiential training for the insurance industry
Tailored and experiential training for the insurance industry We believe in learning by doing. Our experiential approach to learning helps engage participants at a deep level and ensure they gain practical
More informationA CFO S GUIDE TO EXPANSION THROUGH INTERNATIONAL GROWTH. companies adopting an international approach to business growth.
INTRODUCTION There comes a point in the natural progression of all growing businesses when they look for opportunities to sell their products and services beyond their native shores. Some companies choose
More informationRISK FINANCING FOR THE LOSS CONTROL PROFESSIONAL
RISK FINANCING FOR THE LOSS CONTROL PROFESSIONAL Session 561 Mark D. Oldham, CSP Lockton Companies Denver, Colorado Learning Outcomes Impact of, and opportunities presented, by loss sensitive risk financing
More informationIntroduction. I hope you find it helpful. Do get in touch if you have any other questions, or want to give Vestd a try. Thanks,
Introduction There are so many great reasons to set up a company share scheme. Distributing equity is a fantastic motivator for your team, and helps underpin a strong company culture. The problem is that
More informationHow the C-suite view and use thought leadership
TODAY S AGENDA How the C-suite view and use thought leadership A survey of 210 senior executives (CEOs, FDs, HR Directors, CROs, CIOs, CTOs and Sales & Marketing Directors) at FTSE 350 firms What content
More informationMeeting the challenges of the changing actuarial role. Actuarial Transformation in property-casualty insurers
Meeting the challenges of the changing actuarial role Actuarial Transformation in property-casualty insurers 1 As companies seek to drive profitable growth, both short term and long term, increasing the
More informationChanges in Agent Distribution Tuesday, September 29, 2015
Changes in Agent Distribution Tuesday, September 29, 2015 Jeff Rieder, CPA, CPCU Partner, Head of Ward Group Ward Group Cincinnati, Ohio Jeff Rieder is partner and head of Ward Group, a management consulting
More informationEVALUATE YOUR PLANNING THROUGH AN ENTERPRISE RISK ASSESSMENT
Please note that this Aerlex Law Group presentation is meant to draw attention to important legal and tax issues in business aviation and does not create or continue an attorney client relationship. It
More informationNational Family Office Forum: Adapt, innovate, and transform 2018 survey report
National Family Office Forum: Adapt, innovate, and transform 2018 survey report Introduction Although no two family offices are alike, many single family offices (SFOs) do have a great deal in common.
More informationWhat global markets clients want: A view from US buy-side institutions
G LO B A L M A R K E T S P R A C T I C E What global markets clients want: A view from US buy-side institutions To remain competitive and capture buy-side investments, sell-side brokers need to provide
More informationSAMPLE REPORT. Contact Center Benchmark DATA IS NOT ACCURATE! Outsourced Contact Centers
h SAMPLE REPORT DATA IS NOT ACCURATE! Contact Center Benchmark Outsourced Contact Centers Report Number: CC-SAMPLE-OUT-0617 Updated: June 2017 MetricNet s instantly downloadable Contact Center benchmarks
More informationMorningstar Investment Services. Asset Allocation Solutions
Morningstar Investment Services Asset Allocation Solutions A Team You Can Trust The Insight of Your Financial Advisor, The Strength of Morningstar At Morningstar Investment Services, we understand there
More informationRIGHTSOURCING FINDING THE BEST BUSINESS MODEL FOR YOUR ASSET MANAGEMENT AND RELATED OPERATIONS
RIGHTSOURCING FINDING THE BEST BUSINESS MODEL FOR YOUR ASSET MANAGEMENT AND RELATED OPERATIONS 1 // RIGHTSOURCING This report examines the key decisions that U.S. and international asset owners must consider
More informationHorse Racing Program. Gaming, Entertainment & Sports Practice
Horse Racing Program Gaming, Entertainment & Sports Practice The horse racing industry is facing more risk challenges than ever before. Economic uncertainty, technology advances, increased competition,
More informationBuilding Budgets SEMINAR LEADER Amanda Schlank, CPA SingerLewak LLP
Building Budgets SEMINAR LEADER Amanda Schlank, CPA SingerLewak LLP 10960 Wilshire Blvd., Suite 700 Los Angeles, CA 90024 (310) 477-3924 aschlank@singerlewak.com SEMINAR LEADER Amanda Schlank, CPA SingerLewak
More informationPublic Trust in Insurance
Opinion survey Public Trust in Insurance cii.co.uk Contents 2 Foreword 3 Research aims and background 4 Methodology 5 The qualitative stage 6 Key themes 7 The quantitative stage 8 Quantitative research
More informationYOU ARE NOT ALONE Hello, my name is <name> and I m <title>.
So I know why you re here: I bet you ve got some questions about your money: what to do with it, how to make the most of it and how to hopefully get more of it. You ve got questions and the good news is
More informationTax operations evolution Drivers, barriers, and building blocks
Tax operations evolution Drivers, barriers, and building blocks Continued globalization, growing demand for the effective use of resources, and an increasing emphasis on performance measurement are compelling
More informationRisk Architecture: Agenda. Leon Bloom, Partner, Deloitte & Touche LLP
Risk Architecture: Alignment of Investor Objectives and Strategic and Business Objectives and Risk Appetite and Limits Leon Bloom, Partner, Deloitte & Touche LLP lebloom@deloitte.ca Agenda Alignment of
More informationTop 5 Payroll Issues of 2017
Top 5 Payroll Issues of 2017 This guide contains the top five payroll issues which we predict could affect businesses of all sizes the most during the course of 2017 and beyond. iris.co.uk 0844 815 5656
More informationThe language of insuring high net worth successful families and individuals
The language of insuring high net worth successful families and individuals Research paper The Research Many high net worth individuals have seen the benefits of working with independent agents and specialty
More informationLockton Financial Risks
Lockton Financial Risks A Division of Global Professional & Financial Risks Protecting your balance sheet About Lockton Lockton is the world s largest privately owned global insurance broker. Our focus
More informationSAMPLE REPORT. Contact Center Benchmark DATA IS NOT ACCURATE! In-house/Insourced Contact Centers
h SAMPLE REPORT DATA IS NOT ACCURATE! Contact Center Benchmark In-house/Insourced Contact Centers Report Number: CC-SAMPLE-IN-0617 Updated: June 2017 MetricNet s instantly downloadable Contact Center benchmarks
More informationKeeping Score: Best Practices for Risk Management Reporting
Keeping Score: Best Practices for Risk Management Reporting 1/4 Keeping Score: Best Practices for Risk Management Reporting John Schaefer Risk Management Information Systems (RMIS) are designed to capture,
More informationGuide to assessing your workers
For scheme administrators Guide to assessing your workers For employers using our system to assess workers Workplace pensions CONTENTS Introduction... 4 When should I assess my workers?... 4 What information
More informationHow to Prevent Debt from Becoming Uncollectable. Todd Wahl, President - Hunter Warfield, Inc.
How to Prevent Debt from Becoming Uncollectable Todd Wahl, President - Hunter Warfield, Inc. It is a business anyway you look at it A death care professional s accounts receivable portfolio is often a
More informationBRINGING ASSETS IN-HOUSE
BRINGING ASSETS IN-HOUSE Considerations for success An interview with Shankar Subramanian Principal - Public Funds Practice Cutter Associates, LLC Under pressure to reduce spending on external investment
More informationPractical aspects of determining and applying a risk appetite for SMEs
Practical aspects of determining and applying a risk appetite for SMEs By Tim Timchur acis, Director, ActivePro Consulting Pty Ltd Important to determine appetite for risk before determining what risk
More informationENTERPRISE RISK MANAGEMENT (ERM) The Conceptual Framework
ENTERPRISE RISK MANAGEMENT (ERM) The Conceptual Framework ENTERPRISE RISK MANAGEMENT (ERM) ERM Definition The Conceptual Frameworks: CAS and COSO Risk Categories Implementing ERM Why ERM? ERM Maturity
More informationUNIQUE M&A APPROACH FUELS RAPID GROWTH AT THIS JERSEY AGENCY ALSO: COVERING UBER AND OTHER RIDESHARING BUSINESSES AUGUST 2015
YOUNG PROFESSIONALS: REVERSE PERFORMANCE MANAGEMENT AGENCY PARTNERS: FINDING THE RIGHT WHOLESALER TECHNOLOGY: NOT YOUR AVERAGE RATING VENDOR SPECIALTY LINES: THE MANY ASPECTS OF WEATHER INSURANCE AUGUST
More informationCommitment to the Greater Good GALLAGHER RELIGIOUS PRACTICE
GALLAGHER RELIGIOUS PRACTICE Commitment to the Greater Good Insurance Brokerage Benefits & Retirement Consulting Claims Administration & Advocacy Institutional Investment & Fiduciary Services Alternative
More informationCONTAINING HEALTHCARE COSTS: IT S TIME TO RETHINK YOUR APPROACH
CONTAINING HEALTHCARE COSTS: IT S TIME TO RETHINK YOUR APPROACH CONTAINING HEALTHCARE COSTS: IT S TIME TO RETHINK YOUR APPROACH It s one of your greatest challenges with no satisfactory solutions. Your
More informationSafeguarding Your Assets from Today s Top Wealth Management Pitfalls
Safeguarding Your Assets from Today s By Doug Black and Anna Bronstein SpringReef LLC Over the last eight years, SpringReef has had the pleasure of assisting over 140 high net worth families and nonprofit
More informationOptimize Your BENEFITS STRATEGY WITH EASE
Optimize Your BENEFITS STRATEGY WITH EASE SIMPLE & CONNECTED Pair the right benefit solutions and expertise with the right technology to take your benefits strategy to the next level all at no cost! Offering
More informationUSE EVERY ASSET CLASS TO YOUR ADVANTAGE
FOR PROFESSIONAL CLIENTS / QUALIFIED INVESTORS ONLY NOT FOR RETAIL USE OR DISTRIBUTION. USE EVERY ASSET CLASS TO YOUR ADVANTAGE J.P. Morgan Asset Management Multi-Asset Solutions Our multi-asset strategies
More informationPruLife SVUL Protector
PruLife SVUL Protector BECAUSE THE NEXT GENERATION MATTERS. Issued by Pruco Life Insurance Company or Pruco Life Insurance Company of New Jersey. ABOUT THIS BROCHURE. This brochure provides an overview
More informationKPMG s 2016 Internal SOX Survey
KPMG s 2016 Internal SOX An internal survey of KPMG teams their current experiences serving clients with regards to SOX program governance execution Tools Do you control your Sarbanes- Oxley 404 (SOX
More informationCredit Union Lending Strategies and Trends
Credit Union Lending Strategies and Trends Table of Contents Lending Strategies and Trends Executive Summary...3 Introduction...5 Section One: Remote Lending...8 Indirect Lending...8 Internet Lending...9
More informationThe Hidden Value in Government Assets
The Hidden Value in Government Assets By Agnès Audier, Sébastien Bard, and Lucie Robieux The pressure on governments around the world to reduce deficits and public debt has been unrelenting. The response
More informationLOGO.
LOGO ก ก ก ก www.sputraining.com ก ก ก ก ก ก 40 ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก ก (Mission) ก... To Build Up Your Success Is Our First Commitment ก ก ก ก ก ก ก ก ก ก
More informationSAMPLE REPORT. Service Desk Benchmark DATA IS NOT ACCURATE! Outsourced Service Desks
h SAMPLE REPORT DATA IS NOT ACCURATE! Service Desk Benchmark Outsourced Service Desks Report Number: SD-SAMPLE-OUT-0617 Updated: June 2017 MetricNet s instantly downloadable Service Desk benchmarks provide
More informationTax operations evolution Drivers, barriers, and building blocks
Tax operations evolution Drivers, barriers, and building blocks Continued globalization, growing demand for the effective use of resources, and an increasing emphasis on performance measurement are compelling
More informationEnergize Your Enterprise Risk Management
Energize Your Enterprise Risk Management Presented By Mark Caiazzo, CISA, CISM, CRISC Tammy Michaud, CPA May 15, 2017 Reviewed: Agenda Enterprise Risk Management Defined Benefits of ERM Key Components
More informationRATINGS FOR CORPORATE SECURITIES. Now in our 2nd Decade of Impact HIP INVESTOR HUMAN IMPACT + PROFIT. The New Fundamentals of Investing
RATINGS FOR 2017 Now in our 2nd Decade of Impact HIP INVESTOR HUMAN IMPACT + PROFIT The New Fundamentals of Investing CORPORATE SECURITIES 0 RATING 100 IMPACT NET NEGATIVE IMPACT NET POSITIVE IMPACT FUTURE
More informationPerformance Metrics in a High Growth Environment
Performance Metrics in a High Growth Environment Jason Logsdon The Maschhoffs, 7475 State Route 127, Carlyle, IL 62231 USA; Email: jasonl@pigsrus.net Introduction: The Importance of Metrics Among other
More informationPlanning and Budgeting Forum Mission Achievement Planning
Planning and Budgeting Forum Mission Achievement Planning September 22, 2014 Denver, Colorado Gordon Jensen Introduction Metropolitan Community College (MCC): One of six community colleges in Nebraska
More informationGuide to Paying Less in Taxes
AN OWNER OPERATOR S Guide to Paying Less in Taxes TABLE OF CONTENTS Introduction...3 Your Tax Liability...4 Common Deductions... 10 Successful Bookkeeping... 13 Successful Tax Strategies... 15 Affordable
More informationInsights in Capital Raising for Private Funds September Carl Berg, Catalyst Financial Partners
Carl Berg, Catalyst Financial Partners Sometimes a fund manager comes up to us and asks: I ve mastered how to make money managing assets. I m a smart guy and I ve made millions from my own assets and now
More informationMorningstar Investment Services Managed Portfolios
Morningstar Investment Services Managed Portfolios Mutual Fund Portfolios ETF Portfolios Select Stock Baskets A Team You Can Trust The Insight of Your Financial Advisor, The Strength of Morningstar At
More informationRule of Thumb Series
Rule of Thumb Series Be Passionate and Belief Strongly in What You are Doing Know Your Physical and Mental Stamina Threshold Have Drive, Determination and Patience Learn Lessons from Mistakes Thrive on
More informationIntegrating budgets and entity strategy. ICAZ CFO Forum
Integrating budgets and entity strategy ICAZ CFO Forum 14.11.13 How we shall move to the promised land Introduction and Background Challenges faced in practice Around budgeting Link with strategy 8 Best
More informationOutsourced Investment Management
Outsourced Investment Management Make Better Use of Your Time It s a simple truth in this industry: the more time you spend with current and prospective clients, the more successful you will be. Outsourcing
More informationModerator: Missy A Gordon FSA,MAAA. Presenters: Missy A Gordon FSA,MAAA Roger Loomis FSA,MAAA
Session 52PD: Financial Analysis: Impairment, Stress Testing and Predictive Modeling for Health Companies Moderator: Missy A Gordon FSA,MAAA Presenters: Missy A Gordon FSA,MAAA Roger Loomis FSA,MAAA SOA
More informationRisk Management Solutions. Delivering High-Quality Outcomes for Large Accounts
Risk Management Solutions Delivering High-Quality Outcomes for Large Accounts Who We Are A RISK MANAGEMENT AND INSURANCE EXPERT We tailor a risk-financing program to your organization's complex risk profile.
More informationIntroduction. The Assessment consists of: A checklist of best, good and leading practices A rating system to rank your company s current practices.
ESG / CSR / Sustainability Governance and Management Assessment By Coro Strandberg President, Strandberg Consulting www.corostrandberg.com September 2017 Introduction This ESG / CSR / Sustainability Governance
More informationSAMPLE REPORT. Call Center Benchmark. In-house/Insourced Call Centers DATA IS NOT ACCURATE!
SAMPLE REPORT DATA IS NOT ACCURATE! Call Center Benchmark In-house/Insourced Call Centers Report Number: CC-SAMPLE-IN-0116 Updated: January 2016 MetricNet s instantly downloadable Call Center benchmarks
More informationPractice Intelligence
Practice Intelligence How to Protect your Business STEP ONE: For any business owners it is wise to set up a personal asset protection plan. Must have a real/true expert. It s not just having a family limited
More informationก ก Tools and Techniques for Enterprise Risk Management (ERM)
ก ก Tools and Techniques for Enterprise Risk Management (ERM) COSO ERM ISO ERM 31 2554 10:45 12:15.. 301, 302, 307 ก ก COSO Internal Control ERM Integrated Framework Application Technique ISO 31000 Guide
More informationBest Practices in Credit Portfolio Risk Management for Buy-side Managers
Best Practices in Credit Portfolio Risk Management for Buy-side Managers Moody's Analytics Risk Practitioner Conference October 17 th, 2012 David Latour Senior Adviser, Quantitative Risk Analysis Fixed
More informationEVOLVING THE FAMILY OFFICE
EVOLVING THE FAMILY OFFICE 1 MICHAEL BLACK, CFA Michael Black is Vice President, Relationship Management and Investment Director for Fidelity Family Office Services ( FFOS ). He is responsible for managing
More informationCyberMatics SM FAQs. General Questions
CyberMatics SM FAQs General Questions What is CyberMatics? Like telematics for auto insurance, CyberMatics is a technology-driven process to help clients understand their current cyber risk as seen by
More informationLeveraging an organization s current risk management to create a sustainable ERM program. Thursday, January 15, 2015
Leveraging an organization s current risk management to create a sustainable ERM program Thursday, January 15, 2015 Augustine Doe Ron Marx AGENDA Pg 1 Pg 2 Pg 3 Pg 4 Pg 5 Pg 6 Pg 7 Pg 8 Pg 9 Pg 10 Pg 11
More informationFM31- Impacting Financial Performance- Key Performance Indicators. Presented by Frederick J. Esposito, Jr., CLM
FM31- Impacting Financial Performance- Key Performance Indicators Presented by Frederick J. Esposito, Jr., CLM 9/9/2017 10:00 AM The handouts and presentations attached are copyright and trademark protected
More informationKidsafe NSW Risk Management Plan. August 2014
Kidsafe NSW Risk Management Plan August 2014 Document Control Document Approval Name & Position Signature Date Document Version Control Version Status Date Prepared By Comments Document Reviewers Name
More informationFOCUS. The FINEOS Playbook. Our Culture and Strategy ORGANISATIONAL HEALTH
FOCUS ORGANISATIONAL HEALTH The FINEOS Playbook Our Culture and Strategy What do we do? We provide customer-centric core software to the Life, Accident and Health industry. What is our vision? A world
More informationDisability Insurance Introduction
Disability Insurance Introduction I ll be doing a series of posts over the next few weeks on disability insurance. The subject is sufficiently broad, and sufficiently important, that one post isn t going
More informationChapter 7 Establishing objectives & budgeting promotional programs. By Emran Mohammad (Emd) Mkt 337 (section 3)
Chapter 7 Establishing objectives & budgeting promotional programs By Emran Mohammad (Emd) Mkt 337 (section 3) The value of objectives Communication Planning & decision making Measurement & Evaluation
More informationPredictive Analytics in Life Insurance. Advances in Predictive Analytics Conference, University of Waterloo December 1, 2017
Predictive Analytics in Life Insurance Advances in Predictive Analytics Conference, University of Waterloo December 1, 2017 Format of this session Speakers: Jean-Yves Rioux - Deloitte Kevin Pledge Claim
More informationInvest With A Plan. A process to help you achieve what s important to you and your family
Invest With A Plan A process to help you achieve what s important to you and your family INVESTMENT AND INSURANCE PRODUCTS ARE: NOT FDIC INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT A DEPOSIT
More informationOverview of ERM Assessment Viewpoints (June 2016) Overview
ERM assessment main category Culture & Governance Control & Capital Adequacy Profile & Measurement Application to Business Management Overview of ERM Assessment Viewpoints (June 2016) Overview Examine
More informationThe Morningstar Sustainable Investing Handbook
The Morningstar Sustainable Investing Handbook Dear Investor, I founded Morningstar in 1984 because I wanted to make high-quality investment information available to everyday investors to help inform their
More informationReport on Performance
The goal of these and many other ongoing efforts is to make insurance more affordable for British Columbians, by addressing rising claims costs and improving rate fairness. Report on Performance As a Crown
More informationQualitative versus Quantitative Analysis. two types of assessments Qualitative and Quantitative.
USING THE CRITICAL ASSET AND INFRASTRUCTURE RISK ANALYSIS (CAIRA) METHODOLOGY The All-Hazards Approach to Conducting Security Vulnerability Assessment and Risk Analysis By Doug Haines In order to accomplish
More informationFinancial Leadership. Julia Classen, Aurora Consulting
Building a Culture of Shared Financial Leadership Michael Anderson, Nonprofits Assistance Fund Julia Classen, Aurora Consulting 1 Session Overview Define Financial Leadership Our Leadership Framework:
More information5 STEPS TO DESIGNING AND LAUNCHING A STUDENT LOAN REPAYMENT PROGRAM A PRACTICAL GUIDE
5 STEPS TO DESIGNING AND LAUNCHING A STUDENT LOAN REPAYMENT PROGRAM A PRACTICAL GUIDE Student loan debt is one of many employees most daunting financial burdens. It s increasingly fueling decisions about
More informationRisk Management Strategy Draft Copy
Risk Management Strategy 2017 Draft Copy FOREWORD Welcome to the Council s Strategic & Operational Risk Management Strategy, refreshed in May 2017. The aim of the Strategy is to improve strategic and operational
More informationCEE National Standards for Financial Literacy
Episode 101 What Is a Biz Kid? Episode 102 What Is Money? Episode 103 How Do You Get Money? Episode 104 What Can You Do with Money? Episode 105 Money Moves Episode 106 Taking Charge of Your Financial Future
More informationThe Smartest Employee Benefit Is Identity Theft Management
The Smartest Employee Benefit Is Identity Theft Management HELP PROTECT YOUR EMPLOYEES. Proposal For: Date: Presented By: Provide peace of mind. Raise your benefits to a new level. Every employee has a
More informationBuilding the Vision: A Look into the Future of an Efficient Insurance Data & Analytics Market
Building the Vision: A Look into the Future of an Efficient Insurance Data & Analytics Market Peter Lynch Executive Vice President, Insurance 25 APRIL 2015 TransUnion is a leading global provider of risk
More informationSetting the Ground for Business Success
Setting the Ground for Business Success How to define your goals, strategy and metrics www.mrdashboard.com info@mrdashboard.com 211 MR Dashboard LLC. All Rights Reserved. Materials and forms in this guide
More informationRisk appetite. Getting in shape building and sustaining your risk appetite. 27 February 2014
Getting in shape building and sustaining your risk appetite 27 February 2014 Getting in shape building and sustaining your risk appetite James Maher Insurance and Actuarial Services Leader FSO Ireland
More informationEnterprise Risk Management (ERM) Module 3.0 (CERA/FSA)
FSA QFI, INDIVIDUAL LIFE AND ANNUITIES, RETIRMEMENT BENEFITS, GENERAL INSURANCE TRACKS CERA ALL TRACKS Enterprise Risk Management (ERM) Module 3.0 (CERA/FSA) SECTION 1: MODULE OVERVIEW Quick! Try to name
More information