Catastrophic Risk Management Expert
EMK is the foremost authority on addressing the risks, financial impact, and business and public policy challenges associated with truly paradigm shifting events. Think major floods, hurricanes, earthquakes, tsunamis, or global climate change and environmental disasters. Catastrophes come in other forms too, like terrorist attacks, pandemics, and financial upheavals. Such disruptive events have been increasing in frequency and severity and EMK is the ideal guide to plotting the right course through the extra-ordinary.
Recently named a Young Global Leader by the World Economic Forum (Davos)—an award honoring the world's best and brightest leaders under 40—EMK collaborates with number of businesses, top policymakers, and organizations around the world on how to better protect against black swan events and develop innovative solutions that create both quick wins and long-term value. He also serves as Chairman of the OECD Secretary-General Advisory Board on Financial Management of Catastrophes which advices the 34 Finance Ministers of members' countries on these issues.
He has studied at Polytechnique (France), McGill (Canada) and Harvard (USA). Recipient of the prestigious Kulp-Wright award for the most influential book in risk management and a regular contributor to leading media, he has given over 100 public speeches.
The New Risk Architecture: Welcome to Risk Management 2.0
Not very long ago, extreme events were considered to be low probability events because they simply did not occur often. In a sense, that was reassuring for many top decision-makers who might not have to face them during their term of office. But in just the first few years of the 21st century, the world has faced a string of catastrophes of a totally new dimension on almost every fronts: large-scale natural disasters, global climate change, mega international terrorism, energy crises, technological accidents, major corporate failures, and, of course, an historical financial crisis with ripple effects world wide. In fact, there has not been a 6-month period in the past few years without a major crisis that simultaneously affected several countries or industry sectors. Those have seriously challenged the old risk management paradigm.
In this groundbreaking talk Erwann Michel-Kerjan will introduce the key pillars of our new architecture using concrete examples. He will also demonstrate how you can change your organizations so it is not only better prepared, but can also take advantage of a more chaotic world.
Dealing with the Extraordinary: Financial Catastrophes
Large-scale financial risks are reshaping the future of our increasingly interdependent world and this new era calls for a new model. In this talk, world-renowned catastrophic risk speaker Erwann Michel-Kerjan helps organizations find their way through an array of black swan nightmares. What separates Michel-Kerjan from the pack is his knowledge on value creation--how public and private organizations can design blueprints that allow them to flourish and actually increase value in tough times rather than static as innovators pass them
Dealing with the Extraordinary: Environmental Catastrophes
Imagine a scenario where a massive flood or earthquake takes out the supplier of one critical widget needed to build your company's highest selling product. All of a sudden you've lost weeks of revenue while finding an alternate source for a part that only represents a fraction of the cost of your product. This kind of situation is one, says Erwann Michel-Kerjan in this forward-thinking talk, that many companies simply don't prepare for. Yet, in an increasingly disaster-ridden world, it's an issue that will separate the companies that prosper from those that stumble. While growing globalization of social and economic activities worldwide has brought many benefits, its flip side is that the risks you face are becoming more global too.
Interdependency is the defining element of the 21st century. Some companies are now competing with one another on an engagement and stewardship level that remains uncharted for many other major players. Michel-Kerjan outlines the ways companies can lead in a modern marketplace that includes re-evaluating global business change and interdependent risks, and innovative plans for catastrophic what-if scenarios.
The Irrational Economist: Making Decisions in a Dangerous World
Of the twenty most costly catastrophes since 1970, more than half have occurred since 2001. Is this an omen of what the 21st century will be? How might we behave in this new, uncertain and more dangerous environment? Will our actions be rational or irrational? A select group of scholars, innovators, and Nobel Laureates was asked to address challenges to rational decision making both in our day-to-day life and in the face of catastrophic threats such as climate changes, natural disasters, technological hazards, and human malevolence. At the crossroads of decision sciences, behavioral and neuro-economics, psychology, management, insurance, and finance, their contributions aim to introduce readers to the latest thinking and discoveries. The Irrational Economist challenges the conventional wisdom about how to make the right decisions in the new era we have entered. It reveals a profound revolution in thinking as understood by some of the greatest minds in our day, and underscores the growing role and impact of economists and other social scientists as they guide our most important personal and societal decisions.
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