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DTSTART;TZID=America/Los_Angeles:20241017T110000
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DTSTAMP:20260609T192424
CREATED:20241009T183940Z
LAST-MODIFIED:20241009T184055Z
UID:1596-1729162800-1729169100@warims.org
SUMMARY:Integrated Risk: Magic or Just Math?
DESCRIPTION:Integrated Risk: Magic or Just Math?\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIn the same way that an insured can take more risk – generating savings – while controlling aggregate retention and volatility with a structured risk program\, an integrated risk program can extend the same concept across multiple lines of cover\, driving efficiency across the entire risk program. \nAn integrated risk program stretches a shared retention across multiple lines of cover\, bringing key benefits: \n\nIncreased retentions save premium\nMulti-year structure provides critical stability; fixed rate and capacity over a three-year term protect insured from the loss-sensitive nature of the traditional annual renewal cycle\nA loss financing mechanism may be incorporated in order to protect the insured from the potential volatility of a larger retention\nFronting allows for the use of a captive if desired\, although not required\nThe opportunity to share in its own underwriting profit\nAggregate protection to prevent insured from exceeding its desired risk tolerance across multiple events and losses\nCould incorporate a combination of Cyber\, Financial\, Professional\, Property\, and Casualty lines\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLocation: \n\nRainier Square\, 3rd floor\n401 Union Street\, Suite 325\, Seattle\, WA 98101\n\nPricing: \n\nRIMS WA Chapter Members: $20.00\nNon-Members: $35.00\n\nAre you unsure if you’re a RIMS WA Chapter member or want to become one? Please reach out to: membership@warims.org \nThursday\, October 17\, 2024 \n\nRegistration begins at 11:00 AM PST\nProgram 11:30 AM PST\nAttendee Questions 12:30 PM PST\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEducational Session Speakers\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeter Lacovara – Aon\nPeter Lavocara joined Aon in 2023 as Managing Director of Alternative Risk Transfer & Innovation. Prior to joining Aon\, Peter was commercial head of a satellite-based technology company delivering data to the insurance industry. Before his time in insure-tech\, Peter was alternative risk transfer leader\, and head of parametric insurance for North America at Marsh. Peter started his re/insurance career at Swiss Re\, where he held various roles across structured reinsurance\, corporate development\, strategy\, and client management. \nPeter has extensive experience working with complex corporates\, especially in the development and placement of innovative insurance programs. Parametric wind\, earthquake\, convective storm\, weather\, epidemic covers. Global\, complex structured risk programs. Multi-line & multi-year programs.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBrendan Kelly – Aon\nBrendan is a Seattle-based account executive who specializes in risk management for technology\, logistics and transportation firms. He serves as a strategic risk and finance advisor to a broad spectrum of companies\, ranging from late state startups to publicly traded multinationals. As an account executive\, Brendan is responsible for bringing the full breadth of Aon’s talent\, resources and market leadership to bear for his clients. He partners with risk managers\, general counsel and finance leadership to develop cogent insurance strategies\, and coordinates with Aon team members to ensure consistent\, top-caliber execution of those goals. \nBrendan has 16 years of experience in commercial insurance brokerage and underwriting\, specifically in the fields of cyber and D&O liability coverage. He has managed underwriting and brokerage teams across the western US and has helped customers navigate through several cyclical changes in the global insurance market. He has served in these capacities at Marsh\, Wells Fargo\, The Hartford\, Chubb and others. \nIn addition to brokerage and underwriting\, Brendan is informed by four years of irreplicable experience as an inhouse risk manager. Prior to joining Aon in 2024\, Brendan served as Director of Risk at Convoy\, a Seattle-based freight technology startup.  As a result of his time at Convoy\, Brendan deeply understands the nuance of creating and implementing risk management methodology and cost control\, as well as the challenge of championing the risk function throughout an organization.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThank You to Our RIMS WA Chapter Sponsors!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRegister Here
URL:https://warims.org/event/integrated-risk-magic-or-just-math/
LOCATION:Rainier Square\, 401 Union Street\, Suite 325\, Seattle\, WA\, 98101
ATTACH;FMTTYPE=image/png:https://warims.org/wp-content/uploads/2024/10/Oct-17-2024-Banner.png
ORGANIZER;CN="Jennifer Saliba":MAILTO:admin@warims.org
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