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Insurance Enterprise Risk Management
October 6-7, 2016

Agenda is tentative. Please check back for updates.
Day One - October 6
8:00 am

Registration and Continental Breakfast Open

8:30 am

Introduction to Enterprise Risk Management and Risk Framework

  • Why it matters
  • Risk Appetite
  • Corporate Objectives and Guiding Principles
10:15 am


10:30 am

Risk Identification and Assessment

  • Multiple phases
  • Key risk categories
  • Challenges in the process
11:45 am

Introduction to Case Study – “Lessons Learned from Past Events"

Featuring one of the oldest Property & Casualty insurance companies in the United States.
12:00 pm


1:00 pm

Case Study - Team Assignment on Risk Identification

2:00 pm

Results of Case Study

2:30 pm


2:45 pm

Risk Quantification and Reporting

  • Risk register/assessment scale
  • Mitigation: tolerances and controls
4:00 pm

Risk Modeling: How to Understand the Input and Interpret the Output

  • Approach: many parts at play
  • How the process works
  • Economic Capital: what the data means
  • Stressed scenarios
5:00 pm

Day One Concludes

Day Two - October 7
8:00 am

Continental Breakfast Opens

8:30 am

Developing a Risk Framework Process

  • Holistic overview of risk practices
  • Involved committees
10:15 am


10:30 am

Understanding the Role of Risk Governance

  • Historical Volatility
  • Understanding and measuring volatility
  • Importance of reserve risk
11:15 am

Communicating Risk Metrics – Internally and Externally

  • Involved parties: management, Board of Directors, Rating Agencies, Regulators, Analysts
  • The message
12:00 pm


1:00 pm

Case Study Two

2:00 pm

Operational Risk Management

  • Process and controls vs modeling and simulation
  • Management’s Top Risks
  • Operational risk process
  • Favorable practices
  • Examples
2:45 pm


3:00 pm

Emerging Risk Management

  • What are the emerging risks?
  • Identify them and how to monitor
  • Modeling and estimating
  • Potential responses
4:00 pm

Program Concludes

Michael E. Angelina, ACAS, MAAA, CERA
Michael E. Angelina, ACAS, MAAA, CERAExecutive Director, Academy of Risk Management & Insurance,, Erivan K. Haub School of Business, Saint Joseph’s University
Mike Angelina joined Saint Joseph's University in April 2012 to lead the Risk Management and Insurance program within the Haub School of Business. Prior to joining Saint Joseph’s, he was an executive officer with Bermuda based insurer and reinsurer, Endurance Specialty Holdings, Ltd., as Chief Risk Officer and Chief Actuary. In this capacity, he led the global pricing, reserving, and risk management functions with a particular emphasis on Enterprise Risk Management.

Mr. Angelina is an Associate of the Casualty Actuarial Society, a Chartered Enterprise Risk Analyst, and a Member of the American Academy of Actuaries, currently serving on the Academy Board of Directors as Vice President, Casualty. Mr. Angelina began his actuarial career with CIGNA and then joined Tillinghast (now Towers Watson) in 1988, where he participated in the development of Tillinghast's excess of loss pricing system and its Global Loss Distributions initiative, as well as numerous client assignments, with a focus on mergers and acquisitions, pricing and reserving for reinsurance companies, and multi-line insurers. Mr. Angelina worked for one year for Reliance Reinsurance Corp. as a vice president and actuary prior to returning to Tillinghast in 2000, leading the Philadelphia office.

Mr. Angelina is the co-author of Tillinghast's industry-wide asbestos actuarial study and participated in the development of the 2003 FAIR Act (proposed Federal asbestos legislation). Mr. Angelina is a member of the American Academy of Actuaries’ Committee on Property Liability Financial Reporting and Chairperson of its Casualty Practice Council. He also served as the Council’s Chairperson of the Emerging Issues Task Force. He is a frequent speaker at industry conferences, covering topics such as Enterprise Risk Management, Risk Governance, Loss Reserving, International Issues, Capital Allocation, Regulation, Market Conditions, and Pricing Trends.

Event Date:
October 6-7, 2016
Event Location:
S&P Capital IQ
55 Water Street
New York, NY, US
Registration Fee:

Your registration includes all program work materials, plus continental breakfast and lunch both days.

Group Pricing Discounts for Seminars


Number of Attendees

*Excludes conferences and partnership programs - call for more information

Contact us at +1 (888) 991-7786 to register your group or inquire about in-house training

Discounts only apply on regular prices and cannot be applied to early bird pricing and special offers

Insurance Enterprise Risk Management is appropriate for:

  • C-Level executives and board directors
  • Insurance professionals in administration, credit, finance, legal and operations that are involved in risk management for their firms
  • Consultants and legal advisors
  • Operating unit executives and other risk managers 

This program is designed for insurance professionals already managing risk at some level. Materials assume an intermediate to advanced understanding of a financial institution's operations and business model and presumes a working knowledge of financial concepts as well as familiarity with the insurance industry.

Event Date:
October 6-7, 2016
S&P Capital IQ
55 Water Street
New York, NY, US

Although lodging is not provided as part of this program, the hotels listed below are convenient to the Downtown Conference Center.

Wall Street Inn
9 S William St.

Eurostars Wall Street Hotel
129 Front St.

Gild Hall
15 Gold St.

Hampton Inn Seaport
320 Pearl St.

Ritz-Carlton Battery Park
2 West St.

Seaport Inn
33 Peck Slip

Aloft Manhattan Downtown
49-53 Ann Street

Millennium Hilton
55 Church St.

CFA Institute

13 Hours of Continuing Education Credit

SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. CFA Institute members who complete this program in its entirety are eligible for 13 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, PD credit for your attendance at this event will be automatically recorded in your PD Diary.

National Association of State Boards of Accountancy

15.5 Hours of CPE Credit

Participants who complete this program in its entirety qualify for 15.5 hours of CPE Specialized Knowledge and Applications credit. Program Level: Beginner. Delivery Method: Group-Live. SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

What is the dress code?
Business casual

Do I need a laptop?

What is your cancellation policy?
Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another SNL Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

SNL Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. SNL Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. SNL Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, SNL Knowledge Center will refund the registrant's tuition in full, however SNL Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

Registrant, as an individual person attending a SNL Knowledge Center conference, seminar, or other program, hereby grants permission to the SNL Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with SNL Knowledge Center’s conferences, instructional, and/or marketing activities.