4.00pm - 4.30pm: Tea/Coffee/Biscuits
4.30pm - 6.00pm: Meeting
We are delighted to announce the next meeting of the CRO circle in the boardroom of Chartered Accountants House on Tuesday, 4th February 2020 at 4.00 pm – 6.00 pm.
The Society’s fourth CRO circle was held on Wednesday, October 2nd at the Marker Hotel. Attendance included a good cross-section of the CROs of Ireland’s Insurance and Reinsurance companies. Topics discussed:
𝟭. 𝗕𝗿𝗲𝘅𝗶𝘁 – How are we allowing for this in the ORSA, considering both financial and non-financial risks and short vs long term implications?
𝟮. 𝗖𝗼𝗻𝗱𝘂𝗰𝘁 𝗥𝗶𝘀𝗸 – Is this the role of the risk function or compliance function? What is the best way to manage and monitor?
𝟯. 𝗥𝗶𝘀𝗸 𝗙𝘂𝗻𝗰𝘁𝗶𝗼𝗻 𝗦𝗲𝘁 𝗨𝗽 – How to ensure the CRO role is a Value Adding role in the business & not just to comply with regulation?
In a survey taken after the last meeting the following topics (amongst others) were noted as being of interest for further discussion:
• CBI senior executive accountability regime - CRO implications;
• Recovery and resolution planning; and
• Low Interest rates.
Volunteers to facilitate on any of these topics will be welcome. We will update with the actual discussion topics and facilitators in the new year.
The CRO Circle was established by the Society’s ERM Committee to create a forum for Chief Risk Officers to discuss and share knowledge of common interest in a supportive and confidential environment. The Circle aims to be an open, informal and discursive forum, organised on a “round table” basis. The Circle’s terms of reference are available here. Any members of the Society currently filling a PCF14 role in an insurer/reinsurer are welcome to join the Circle.