Dave Ingram, Author at Insurance Thought Leadership




Dave Ingram

Dave Ingram

Dave Ingram is a member of Willis Re’s analytics team based in New York, offering insurers a practical way to use enterprise risk management (ERM) to identify specific actions and strategies that will enhance the risk-adjusted value of the firm. He assists clients with developing their first ORSA (own risk and solvency assessment), presenting their ERM programs to rating agencies, developing and enhancing ERM programs and developing and using economic capital models.

In 2012, Ingram was named one of the 100 most influential people in finance by Treasury and Risk Magazine. With more than 30 years of actuarial and general management experience in the insurance industry, he has served as corporate actuary, business unit head and planning officer for a major U.S. insurance company. He was previously the senior director, ERM, in the insurance ratings group of Standard & Poor’s (S&P). In that position, he spearheaded the initiative to incorporate ERM as one of the primary insurance ratings criteria and the development of the framework for reviewing economic capital models. He also was a consulting actuary providing advice on risk management and risk analysis to banks, investors and insurers with Milliman.

In addition to writing some 100 published articles relating to ERM, Ingram has spoken on ERM at more than 100 events in North America, Asia, Europe, Middle East, Africa, Australia and South America. He was the first chair of the 2,500-member Joint SOA/CAS/CIA Risk Management Section. He is now the chair of the International Actuarial Association’s enterprise and financial risks committee and chair of the Actuarial Standards Board ERM committee.

He is a graduate of Lehigh University and has an enterprise risk analyst charter from the SOA, financial risk manager certification from GARP and professional risk manager certification from the PRMIA.

Recent Articles by Dave Ingram

2 Shortcuts for Quantifying Risk

Most companies that take up risk management start out with subjective frequency-severity assessments of each of their primary risks. These values are then used to construct a heat map, and the risks that are farthest away from the zero point of the plot are judged to be of most concern. This is a good way […]

Emerging Risk of 2015: Outsourcing

Outsourcing might just be the most common business management earnings booster of the past 10 years. Which means that it is also a top candidate for becoming a major emerging risk in the near future. The idea of outsourcing is an extension of the fundamental logic of capitalism: specialization. Processes are good candidates for outsourcing […]

The Key Role for Stress Tests in ERM

In the world of mechanical engineering, stress testing involves subjecting a mechanism to extreme conditions, considerably beyond the intended operating environment, to determine the robustness of the device and the circumstances under which it might fail. Financial stress testing is much the same. What is a Financial Stress Test? Generally speaking, a stress test is […]

The Right Way to Test for Solvency

We can know, looking back at last year, how much risk an insurer was exposed to. And we can simply look at the balance sheet to see how much capital they held. So that is the way we have tended to look at solvency. Backwards. Was the insurer solvent at the end of last year? […]

5 Issues for Boards on Risk Appetite

Many have struggled to find and articulate a risk appetite. It is actually not too hard to find, if you know where to look. It is right there – on the border. Risk appetite is the border between the board and management. Once management has proposed a risk appetite and the board has approved it, […]

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