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PRODID:https://murmitoyen.com/events/vanille/udem/
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UID:69db72dc3eca5
DTSTAMP:20260412T062428
DTSTART:20170913T193000
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20170913T203000
URL:https://murmitoyen.com/events/vanille/udem/detail/781664-a-change-in-pa
 radigm-for-the-insurance-industry-par-michel-m-dacorogna
LOCATION:Pavillon Decelles\,  5255 Avenue Decelles\, Montreal
SUMMARY:A Change in Paradigm for the Insurance Industry par Michel M. Dacor
 ogna
DESCRIPTION:ConférencierMichel M. Dacorogna (DEAR-Consulting) is scientifi
 c advisor to the chairman of SCOR. He conducts research in the field of in
 surance mathematics\, capital management and risks.
\nRésuméIn this pres
 entation we review changes in the insurance industry due to new risk-based
  regulations such as Solvency 2 and SST and pressure of the shareholders. 
 The move from corporate management based on cash-flow to risk-based manage
 ment is described and discussed through its consequences on capital manage
 ment\, economic valuation and the internal model. We discuss the limits an
 d difficulties of Enterprise Risk Management and its effect on the organis
 ation of companies as well as we emphasize the changing role of actuaries 
 in insurance. The risk/return relationship is becoming a central element o
 f the company’s management\, slowly supplanting the traditional accounti
 ng view.
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