In June 2013 the Cambridge Centre for Risk Studies brought together leaders and decision makers from business, government, intergovernmental organisations, academia and NGOs to explore the inter-linkages between risk and strategy. Risk is usually perceived as the threat of loss, with predominantly negative connotations. This meeting challenged these perceptions and promote debate about opportunities inherent in a risky environment.
Keynote speakers
Risk Summit
- Woody Powell, Professor of Sociology, Organizational Behavior, Management Science & Engineering, and Communication (by courtesy), Stanford University
- Gillian Tett, Markets and Finance Commentator & Assistant Editor, Financial Times
Risk Summit Dinner
- David Spiegelhalter, Winton Professor of the Public Understanding of Risk, University of Cambridge
Cambridge Risk Centre Special Topic Seminars | Monday 17 June 2013
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13:00-14:00 |
From Risk Management to Resilience in Coping with Natural Catastrophes in Asia – the Vietnam Case |
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14:00-15:15 |
Risk Analytics Workshop with ProbabilityManagement.org |
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15:16-16:30 |
Cambridge Risk Framework: Innovations in Risk Modelling
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Day one | Monday 17 June 2013
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Time |
Session |
|---|---|
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16:30-17:00 |
Risk Summit Registration |
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17:00-18:30 |
Risk Summit Welcome Session and Keynote Speaker Introduction Risk Summit Keynote: Risk and Resilience through a Network Lens Risk Summit Day 1 Panel: Seeking Value Creation in Risk: Innovation, Creativity, and Making the Right Bets
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18:30-19:15 |
Drinks Reception at Cambridge Judge Business School |
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19:30-22:00 |
Risk Summit Dinner at Christ’s College |
Day two | Tuesday 18 June 2013
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Time |
Session |
|---|---|
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08:30-09:00 |
Risk Summit Registration & Coffee |
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09:00-09:15 |
Risk Summit Welcome and Introductions |
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09:15-11:00 |
Plenary Session 1: Risk Strategy and Value Of Risk (VOR) |
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09:15-09:30 |
Joining up the Dots; What Anthropologists Can Teach Risk Managers |
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09:30-10:00 |
The challenge of simulating and understanding systemic risk in financial markets |
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10:00-10:30 |
Value from risk through informed tradeoffs |
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10:30-11:00 |
Risk Summit Day 2 Panel: “Against the Gods” – Exploring the Strategy Side of Risk
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11:00-11:30 |
Coffee break |
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11:30-13:00 |
Plenary Session 2: The Upside of Risk
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13:00-14:00 |
Lunch at University Arms Hotel |
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14:00-15:30 |
Plenary Session 3: Risk as an Evolutionary Force
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15:30-16:00 |
Coffee Break |
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16:00-17:00 |
Plenary Session 4: Crisis as Opportunity
Risk Summit Day 2 Panel: Emerging Opportunities in the Midst of Crises
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17:00-17:15 |
Summit Closing Remarks |
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17:30-18:30 |
Drinks Reception and Cambridge-McKinsey Risk Prize Award Announcement |
Speakers
- Gary Bowman, Research Associate, Cambridge Centre for Risk Studies
- Fabio Caccioli, Research Associate, Cambridge Centre for Risk Studies
- Tiago Cavalcanti, Senior Lecturer, University of Cambridge Department of Economics
- David Champion, Senior Editor, Harvard Business Review
- Dr Andrew Coburn, Director of the External Advisory Board, Cambridge Centre for Risk Studies and Senior Vice President, RMS
- D’Maris Coffman, College Lecturer, Newnham College and Director, Centre for Financial History
- Mark Davies, Head of Group Risk, Rio Tinto
- William Dick, Consultant, World Bank and Consultant & UN World Food Programme
- Gerard Evan, Head of Department and Professor, Department of Biochemistry, University of Cambridge
- J. Doyne Farmer, Professor of Mathematics and Co-Director of Complexity Economics, Institute for New Economic Thinking, Oxford Martin School, University of Oxford
- Andrew Freeman, Risk Fellow, Cambridge Centre for Risk Studies & Managing Director, Cambridge Research Associates Ltd
- Louise Gutteridge, Events and Operations Manager, Cambridge Centre for Risk Studies
- Sven Heiligtag, Principal, McKinsey & Company
- Ashley Hirst, Head of Science, Global Distribution and EMEA at AIG
- Roman Hohl, CEO Asia Risk Centre and Deputy Director, Institute of Catastrophe Risk Management (ICRM), Nanyang Technological University (NTU), Singapore
- Michael G Jacobides, Sir Donald Gordon Chair of Entrepreneurship and Innovation, Strategy & Entrepreneurship Department, London Business School
- William H Janeway, Senior Advisor, Warburg Pincus
- Christoph Loch, Director, University of Cambridge Judge Business School & Professor of Management Studies
- Michael Maran, Chief Science Officer, Catlin Group
- Andrew Palmer, Finance Editor, The Economist
- Tso-Chien Pan, Professor and Executive Director, Institute of Catastrophe Risk Management (ICRM), Nanyang Technological University (NTU), Singapore
- Will Pearson, Director, Eurasia Group’s Global Energy and Natural Resources
- Martin Pergler, Senior Expert, McKinsey & Co
- Walter W Powell, Professor of Education and Sociology, Organizational Behavior, Management Science and Engineering, and Communication, and Co-Director of the Center on Philanthropy and Civil Society
- Louise Pryor, Researcher, Cambridge Centre for Risk Studies
- Daniel Ralph, Academic Director, Cambridge Centre for Risk Studies, University of Cambridge Judge Business School & Professor of Operations Research
- Simon Ruffle, Director of Technology Research, Cambridge Centre for Risk Studies
- Michael H Salama, Vice President, Corporate Tax & Lead Tax Counsel, The Walt Disney Company
- Sam L Savage, Consulting Professor, Stanford University and Executive Director, ProbabilityManagement.org
- Charles Scawthorn, Principal, SPA Risk LLC and former Professor of Kyoto University
- Haresh Shah, Chairman of ARC, Advisory Board, ICRM & Emeritus Professor, Stanford University
- Alan Smith, Global Head of Risk Strategy and Chief of Staff, Global Risk, HSBC
- David Spiegelhalter, Winton Professor of the Public Understanding of Risk, University of Cambridge
- Gillian Tett, Markets and Finance Commentator & Assistant Editor, Financial Times
- Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
- Peter Ulrich, Senior Vice President, RMS
- Geir Westgaard, Head of Political Risk and Head of Security Threat Assessment Centre, Statoil
- Gordon Woo, Catastrophist, RMS
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Interviews with speakers
- Dr Michael Jacobides on finding an appropriate risk versus growth or return trade-off.
- Professor Sam Savage on why people sweep uncertainty under the rug.
- Michelle Tuveson on the duality of risk.
- Martin Pergler on the value from risk through informed trade-offs.
- Mark Davies suggests that managing risk well is about embedding uncertainty into the decision-making process.
- Dr Louise Pryor on why models are simplifications they are bound to be wrong.
- Professor Haresh Shah believes that the problem today is that the interconnectivity of the whole world is not modelled appropriately.
- Dr Gary Bowman on the use of scenarios around extreme events to see their impact.
- David Champion believe that taking ownership of the risk itself is a source of opportunity and return.
- Andrew Freeman asks if there’s too much complexity in the way risk is tackled.
- Dr Andrew Coburn on understanding the risk of financial catastrophe.
- Simon Ruffle warns a new cyber threat is emerging every month.
- Professor Walter W. Powell warns don’t have too much faith in single rules and single organisations.
- Professor Doyne Farmer on the danger of systemic crises.
- Gillian Tett of the FT believes techniques and vision involved in risk management must be broadened.
- Professor Daniel Ralph says contingent business interruption happens offshore in the supply chain and is hard to predict.