Paul Embrechts

RiskLab, Department of Mathematics, ETH Zurich

Paul Embrechts is Professor of Mathematics at the ETH Zurich, specializing in actuarial mathematics and quantitative risk management. Previous academic positions include the Universities of Leuven, Limburg and London (Imperial College). Dr. Embrechts has held visiting professorships at numerous universities including the Scuola Normale in Pisa (Cattedra Galileiana), the London School of Economics (Centennial Professor of Finance), the University of Oxford (Visiting Man Chair) and Hong Kong University (Hung Hing Ying Distinguished Visiting Professor) and has an Honorary Doctorate from the University of Waterloo, the Heriot-Watt University, Edinburgh, the Université Catholique de Louvain and the University of London (City University). He is an Elected Fellow of the Institute of Mathematical Statistics and the American Statistical Association, Honorary Fellow of the Institute and the Faculty of Actuaries, UK, and Institut des Actuaires, France, and Member Honoris Causa of the Belgian Institute of Actuaries. Besides having published over 200 scientific publications, he co-authored the influential books "Modelling of Extremal Events for Insurance and Finance", Springer, 1997 and "Quantitative Risk Management: Concepts, Techniques and Tools", Princeton University Press, 2005 and 2015.


Dave N. Ingram, CERA, FRM, PRM, FSA, MAAA

Executive Vice President, Willis Re

Dave heads Willis Re’s ERM Advisory group, helping insurance company clients to develop and improve their Enterprise Risk Management practices. He was previously in the Insurance Ratings Group of Standard and Poor's (S&P) where he led their initiative to incorporate ERM into insurance ratings. Dave has also held executive positions within insurance companies. Dave is a frequent writer and speaker on ERM. He was recently the Chair of the International Actuarial Association’s Enterprise and Financial Risk Committee and was Chair of the US Actuarial Standards Board ERM Committee.


Prof. Karel Van Hulle

Executive Vice President, Willis Re

Lectures at the Economics and Business Faculty of the KU Leuven (Belgium) and at the Economics Faculty of the Goethe University in Frankfurt where he is attached to the International Centre for Insurance Regulation. He is a member of the Insurance and Reinsurance Stakeholder Group of EIOPA and served as Head of Insurance and Pensions at the European Commission until 1 March 2013, where his main task was the development of Solvency II. He was a member of the Technical Committee of the International Association of Insurance Supervisors, of which he was nominated Distinguished Fellow in 2013. He was closely involved in the negotiations which lead to the equivalence decisions of the European Commission for Switzerland and for a number of other countries. He is a regular speaker at insurance and pension conferences around the world and is Honorary Fellow of the UK Institute and Faculty of Actuaries.

Mr. Clemente Cabello

Is one of the most widely recognized and highly respected insurance executives in Mexico and throughout Latin America. He career spans 38 years of outstanding achievements during which his innovations, leadership and management skills have resulted in an enviable record of success.

Mr. Cabello began his work as a clerk in the actuarial department of Grupo Nacional Provincial (GNP), the company he now serves as chief executive Officer. During the course of his career, Mr. Cabello has transformed GNP and in the process increased its market share from 11% to 21% of the total Mexican market. All growth has come from operations. Today GNP is the largest insurer in Mexico and has maintained that position for 24 years in a row.

GNP, under Mr. Cabello, has gained the reputation as a company that sets the standard for bold and imaginative innovation in Mexico. Mr. Cabello has been major innovator in product design and development. He introduced the concept of universal life in Mexico, he introduced dividends to his company's products; he was a major innovator in the field of health insurance; his concept of inflation proof insurance was applied to property insurance as well as life insurance. And he participated in a group of Mexican actuaries that gathered mortality experiences in order to develop new mortality tables for the country. Under his leadership, GNP introduced the first insurer-owned clinics to significantly enhance health services for customers.

He has also contributed to programs to increase agent productivity and in human resource development. The Mexican market has undergone many changes, and as the market opened, many companies entered from outside the country. Mr. Cabello showed his innovative spirit when he reorganized GNP, formerly a multiline company, into what he calls a group of specialized 'virtual companies'.

Throughout his career he has been a prominent advocate for and defender of the institution of insurance. Due in large part to his efforts, the regulation and practice of insurance have been substantially enhanced in Mexico. He has fought for the institution of private insurance. And he has advised and counseled governments throughout Latin America regarding insurance issues.


Regulatory Panel : "Are supervisors bridgebuilders?"

Moderated by Karel Van Hulle

Guest speakers

· Mrs. Norma Alicia Rosas, Mexico’s Insurance Regulator
· Mr. José Joaquín Riesen, Panama’s Insurance Regulator
· Mr. José Antonio Almaca, Portugal’s Insurance Regulator
· Stuart Wason, Canada’s ex Insurance Regulator