Understanding the Next 10 Years of Corporate Risk

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7 May 2019

13:15 -14:00

Times are shown in local time.

Open to: All

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Lloyd’s of London

1 Lime Street

London

EC3M 7HA

United Kingdom

Overview

Modern corporations face more risk today than those a generation ago, with globalisation, economic interconnectivity, climate change and other complex drivers transforming the global risk landscape. 

Therefore, companies are increasingly focusing on managing risks to their business. Regulatory pressures and shareholder scrutiny require businesses to be more explicit about the risks that they face. The Centre for Risk Studies at Cambridge Judge Business School, University of Cambridge, is leading research to better identify, quantify, and manage corporate risk. 

In the first Cambridge Risk Briefing, the Centre will reflect on catastrophes in the 20th Century and question what can be learned from history to better understand the future. The briefing will examine precedents of corporate distress and failure, and explore methods to assess and quantify corporate risk holistically, to provide companies with the understanding required to navigate and prosper through the next 10 years of risk.

Lloyds of London.
Meeting partners
  • Lloyd's.

Programme

7 May 2019

13:15 – 13:25

Welcome: Cambridge Corporate Risk Vision

Professor Daniel Ralph, Academic Director, Centre for Risk Studies

Download the presentation slides (pdf, 2.5MB)

13:25 – 13:40

Blast from the Past: Replaying the 20th Century in Catastrophes

Tamara Evans, Research Assistant, Centre for Risk Studies

Download the presentation slides (pdf, 3.2MB)

13:40 – 13:55

Emerging Corporate Risks: Are They Insurable?

Oliver Carpenter, Research Assistant, Centre for Risk Studies

Download the presentation slides (pdf, 2.2MB)

13:55 – 14:00

Q&A and closing remarks

Speakers

Professor Daniel Ralph

Academic Director, Cambridge Centre for Risk Studies

Professor of Operations Research, University of Cambridge Judge Business School

Professor Daniel Ralph is a Founder and Director of the Centre for Risk Studies, Professor of Operations Research at Cambridge Judge Business School, and a Fellow of Churchill College.

Daniel received his PhD in 1990 from the University of Wisconsin Madison. He was a faculty member of the Mathematics & Statistics Department at the University of Melbourne before coming to Cambridge University for a joint appointment in the Engineering Department and Cambridge Judge Business School.

Daniel’s research interests include: risk in business decision making; risk aversion in electricity markets; methods and models for optimisation problems and equilibrium systems. Specific projects undertaken in collaboration with the banking and insurance industry (Catlin, HSBC, ICBC, Lloyd’s, Munich Re, Risk Management Solutions, Swiss Re) cover emerging risk scenarios, financial stress testing and a global ranking of cities by risk exposure. Engagements with other sectors include electricity consultancies (Artelys, LCP), oil and gas (Shell Exploration, Statoil) and retail (BT Retail, Gap) on decision making under high uncertainty. Public service contributions to the UK Cabinet Office, UK Industry and Parliamentary Trust, UK Office of the Government Chief Scientific Advisor, and United Nations World Humanitarian Summit.

Professor Ralph is a member of the Australian Mathematical Society, INFORMS, the Mathematical Optimization Society and SIAM. He was Editor-in-Chief of Mathematical Programming (Series B) from 2007-2013 and has served on the editorial boards of Mathematics of Operations Research and the SIAM Journal on Optimization, as well as the SIAM-MPS book series on optimisation.

Oliver Carpenter

Risk Researcher, Centre for Risk Studies

Oliver is a Risk Researcher at the Centre for Risk Studies, where his primary focus is on Project Pandora, which aims to develop a risk analysis framework to understand and model impacts from various natural and man-made global catastrophes.

Tamara Evan

Risk Researcher, Centre for Risk Studies

Tamara Evan is the Editorial Associate for the Centre for Risk Studies and oversees the completion, production and final delivery of the Centre’s research publications and risk scenario reports.

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