Aug 25 2013, 3:16am CDT | by PR.com
New York, NY, August 25, 2013 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Mike Schmitz , FCAS, Principal and Consulting Actuary, Milliman will speak at the Knowledge Congress’ webcast entitled: “Enterprise Risk Management for Actuaries for 2013 and Beyond,” This event is scheduled for October 2, 2013 from 12:00pm – 2:00pm (ET).
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About Mike Schmitz
Michael Schmitz is a principal and consulting actuary in the Milwaukee office of Milliman and has been with the firm since 1993. Mike manages a practice dedicated to financial risk such as mortgage guaranty, financial guaranty and credit enhancement products.
Mike has assisted in structuring and pricing credit enhancement mechanisms for securitizations, both in the United States and internationally, and has spoken at conferences on this topic as well as others. He has also served as the lead consultant on many assignments, assisting the largest banks in the United States in their management of credit risk. Mike has assisted both banks and insurance companies in analyzing the risk associated with residual value exposure on several classes of assets. In addition to working with financial guaranty insurers, he has consulted to the majority of the insurers that comprise the private mortgage insurance industry and to banks and other financial institutions on topics including reserving, pricing, financial analysis, mortgage portfolio credit risk, product development, structured transactions, risk transfer analysis and capital model design and validation.
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in employee benefits, healthcare, property & casualty insurance, and life insurance and financial services. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.
The Actuarial Standards of Practice (ASOP) recently issued ASOP No. 46 (Risk Evaluation in Enterprise Risk Management) and ASOP No. 47 (Risk Treatment in Enterprise Risk Management) which took effect in May of this year. These two standards require actuaries to consider the financial strength, risk profile, risk management system and risk environment of an organization when performing ERM work. As ERM is increasingly becoming a vital activity in every business, actuaries need to understand how to use it to paint a complete picture for their clients.
The Knowledge Group has assembled a team of distinguished practitioners and thought leaders who will help you understand the most important aspects and latest updates to these standards. They will present valuable information and insight along with best practices to comply with ASOP No. 46 and ASOP No. 47 in a two-hour live webcast.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org
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