Risk appetite for Cyber and IT risks

Summary

Cyber and IT risks form a threat as well as a business opportunity. We will explore both perspectives in this event, with a specific focus on how to set an appropriate risk appetite or tolerance.

In this event you will learn:

👉What is the market for cyber and IT insurance?

👉How can cyber and IT risks be included in a firm-wide risk appetite framework?

👉How can cyber and IT risks be quantified in stress testing and what challenges exist?

Presenters

• Fabian Willi, Head Cyber Key Accounts at Swiss Re
  Fabian Willi is a senior reinsurance leader and cyber enthusiast with more than 17 years industry experience. In his current role as Head Cyber Key Accounts at Swiss Re, he leads the underwriting of large and complex cyber reinsurance clients and is co-responsible for the strategy and steering of Swiss Re’s global cyber reinsurance portfolio.
  Previously, as Head Cyber Solutions Sales & Delivery, he led the development of innovative client solutions at the intersection of cyber risks, technology and digitization.
  Fabian is a community member of the WEF Centre for Cybersecurity and supports the Geneva Dialogue on Responsible Behaviour in Cyberspace.

• Luca Alberucci, Head Risk Control at Postfinance
  Luca Alberucci joined PostFinance 13 years ago as a Risk Manager in ALM and is Head of Risk Control since 2019. In this role, he is responsible for the independent oversight of financial and operational risks, including cyber risks. Prior to that, he worked as a Risk Manager for financial risks at FINMA and in the Energy trading sector. Luca holds a PhD and has a background in Mathematics with a minor in Economics. 

• Jens Herrmann, Head Non-Financial Risk Stress Testing and Modeling Solutions
  Jens Herrmann joined UBS 10 years ago in the Group Risk Control function in Zürich. He has been working since then as part of the Quantitative Risk Modeling team on the development of various stress testing models used for internal and regulatory stress testing exercises. In his current role, Jens is responsible for the development of the Operational Risk stress testing models including also Cyber Risk for all major legal entities and across various jurisdictions. He holds a PhD in physics from ETH Zürich.

Introduction by Pieter Klaassen, Board Member of Swiss Risk Association and moderated by Jens Herrmann, Head Firmwide Stress Methodology at UBS.

Agenda

17:30 Doors open – Name Tag Collection
18:00 Welcome and Introduction (Pieter Klaassen)
18:05 Introduction of speakers (Jens Hermann)
18:10 Presentations (Speakers)
18:55 Panel Discussion (Speakers – Moderated by Jens Herrmann)
19:10 Q&A (All)
19:30 Closing followed by Networking Drinks (All)
20:30 End

Chapter Event

This Chapter Event is available to members and free. We will be presenting one or more speakers to share their knowledge, updates and best practices on a specific risk topic. Within the small groups of risk professionals you can exchange thoughts and test ideas. This event is hosted by chapter Risk Appetite Frameworks.