In this compelling presentation, the Sensing and Responding to Chaos and Nonsense Working Party unveils a practical framework for actuaries to evolve from analysts to strategic leaders in complex evolving insurance systems. Using a hypothetical litigation crisis scenario, we demonstrate how actuaries can navigate systemic disruptions, engage stakeholders effectively, and spearhead innovative solutions.

Attendees will gain insights into identifying cross-linked factors, analysing nonlinear impacts, and establishing data-driven monitoring systems. This session builds on the Richard Knowles self-organising leadership model and recent systems science discoveries, equipping actuaries with actionable strategies for crisis management and strategic decision-making in an increasingly chaotic business environment.

Target audience and assumed knowledge level: No specialist knowledge required.

Speaker and company: 

Christopher Smerald, Broadstone
Ian Thomas, Aurora