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TANC Event with Andreas Tsanakas 

Tuesday 17th November 2015, 18:00
Room LG002/3
Cass Business School
106 Bunhill Row
London EC1Y 8TZ

The joys of disagreeing: culture, uncertainty and modelling

Join us on a guided tour of different rationalities, drawing heavily from the speaker’s co-authored paper “Model Risk – Daring to open up the black box” which recently won the prestigious Peter Clark prize for best paper from the Institute and Faculty of Actuaries.

Should cycling helmets be compulsory? What must we do about climate change? How should insurers use their internal models?

All these questions are about responding to uncertainty – and each can be answered in multiple ways. We can disagree and still be rational. The ways we perceive and respond to uncertainty are part and parcel of the different ways we choose to live our lives and our competing ideas about how society should be organised.

The talk will introduce the audience to Cultural Theory; a body of work developed originally in anthropology and political science, and more recently applied to the study of Model Risk in insurance.  

About the Speaker - Andreas Tsanakas

Andreas Tsanakas joined Cass in 2006. Previously he spent six years at Lloyd's. Andreas studied Electrical and Computer Engineering at the University of Patras, Greece. He has an MSc in Control Systems from Imperial College London and an MA in Modern German Studies from Birkbeck College. He carried out his doctoral research at Imperial College London on "Risk Sharing in Financial and Insurance Markets". 

His research interests are in quantitative risk management, with particular focus on measuring portfolio risks and on dealing with model error. Andreas is a member of the Model Risk Working Party and is regular speaker at insurance industry events. He has delivered consultancy and training courses in his areas of expertise, particularly insurance capital modelling.


18:00 - 18:30 Registration
18:30 - 20:00 Presentation followed by Q&A
20:00 - 21:00 Networking with drinks and nibbles

To book your place please email cass-alumni@city.ac.uk. In booking this event you are accepting our event terms and conditions.