Seattle, Wash.-based consulting and actuarial firm Milliman Inc. has formed Milliman Risk Institute, designed to provide scientific-based thought leadership to executive management on all facets of enterprise risk.
The new risk institute has an advisory board of eight senior risk managers. It convened its first meeting on Nov. 3, 2011.
The Milliman Risk Institute will publish market research, case studies, best practices, and perspectives from chief risk officers and other risk management experts. The Institute expects to publish its initial research in advance of the 2012 ERM Symposium in Washington D.C. in April
“Every ERM strategy has a different level of maturity and is influenced by regulation, industry, company size, and countless unique business characteristics,” said Mark Stephens, Milliman’s director of risk advisory services and executive director of the Milliman Risk Institute. “The Milliman Risk Institute will examine the broad landscape of enterprise risk management, find lessons from the diversity of ERM strategies in use, consider how risk interacts with actuarial concepts, and offer actionable insight to senior executives.”
The advisory board pairs four Milliman employees and four risk officers with experience in large enterprises.
Advisory board members include:
- Dr. Stephen D’Arcy, professor emeritus of finance, University of Illinois
- Brian Brown , Milliman principal and consulting actuary
- Neil Cantle, Milliman principal and consulting actuary
- Michael Eshoo, ERM Director, General Electric Aviation
- John C. Kline , director of risk and insurance management, Discover Financial Services
- James Lam, president, James Lam & Associates
- Sam Nandi, actuarial group leader, Milliman’s financial risk management practice.
- Michael Schmitz, Milliman principal and consulting actuary
Milliman has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits.
Topics Risk Management
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