Complex Risk Management in the Insurance and Finance Industry

‘Expect the unexpected’ is a costly if not impossible proposition for risk management office of financial institutions. Almost none of the risk scenarios mitigated in the beginning of a year are the ones that show up as having caused the greatest losses at the close of the year. The predict clients can fall back on their own intelligent resources that not only highlight potential risk scenarios but also quantify the gravity of the threats to a financial position. This assessment will provide not only a clear target for management to address but also a real time feedback from the market if the mitigation will be effective.