IRMSA hosted breakfast presentation at the Country Club Johannesburg in Woodmead. Keynote speaker, Volker von Widdern of Marsh shared insights on risk-bearing capacity (RBC), risk appetite and risk tolerance, focusing on their application to today’s risk activities.
Von Widdern introduced his topic with a bold statement: “If we understood RBC, risk appetite and tolerance better, the concepts would be applied more successfully and add measurable value.” He followed this by exploring a number of important issues, including: how we can use RBC as a better capitalisation tool; dynamics of RBC; appetite and tolerance; alignment of RBC to ERM; and historical as well as potential future use of RBC in Risk Management.
