THE RISK INSTITUTE EXECUTIVE EDUCATION SERIES: BALANCING RISK TO CREATE VALUE WEATHER DISRUPTION AND RISK MANAGEMENT THE CONVERSATION ABOUT RISK STARTS HERE ABOUT THE RISK INSTITUTE Most industry sectors, from retail to agriculture to transportation are affected by the weather, which is not only unpredictable, but varies by region. Recent advances in technology as well as data collection and quality have the potential to provide more reliable, accurate forecasts. Such advances lead to a better understanding of short-term and longer-term weather trends. With this information, executives can more reliably leverage weather risk management strategies to achieve their corporate objectives. The Risk Institute brings together leading academics and a collection of forward-thinking companies that understand that effective risk management strategies position them to create value in a competitive and dynamic marketplace. The Risk Institute Executive Education Series arms practitioners with fresh perspectives and approaches to: In this session, David Bromwich (Byrd Polar & Climate Research Center, OSU) and Steve Bowen (Aon Benfield) collaborate to provide insights into understanding the constantly changing, complex, and, at times, wild weather impacting firms' markets and operations. Overall, the session will emphasize how firms can proactively understand and use risk management to balance the risks related to weather disruptions to create value. Executives will learn how to: • • • • Apply current research findings on long-term climate change and weather forecasting to strategic and operational decisionmaking. Develop a systematic approach to understand the "extremes" in weather and assess the potential impact on their organizations. Develop an enterprise-wide approach to assess their organizations' vulnerabilities to weather disruptions. Use leading weather predictive analytics to acheive more reliable and accurate weather forecasts. • Identify, measure and manage risks critical to an organization’s success • Apply leading academic research to business strategies for more competitive and sustainable advantages • Communicate effective risk management strategies to create an integrated and enterprise-wide approach • Create an organizational culture that manages risk proactively by allowing ideas, innovation and initiatives to flourish ENGAGEMENT WITH OTHER SENIOR EXECUTIVES Executives will have an opportunity to engage in a panel discussion with session leaders, other invited panelists, and their peers about the successes and current challenges in understanding and managing weather disruptions. Lunch will also provide participants with an opportunity to network. To register please contact: Denita Strietelmeier Program Manager The Risk Institute strietelmeier.1@osu.edu (614) 688-8289 BIOGRAPHIES OF SESSION LEADERS Steve Bowen, Associate Director and Meteorologist, Aon Benfield's Impact Forecasting Division Bowen leads the firm’s Catastrophe Insight group in conducting real-time and historical global natural disaster analysis. He was selected in 2014 to participate on a steering committee for an ongoing White House initiative that seeks to mitigate future impacts from weather events and climate pattern shifts. He has also collaborated with NOAA, state and local agencies, insurance industry groups, and universities regarding various weather, climate, and catastrophe loss topics. Steve is currently pursuing his Master of Science degree from the University of Notre Dame. Previously, he earned his Bachelor of Science degree in Meteorology from Florida State University. He is a member of the American Meteorological Society (AMS) and the National Weather Association (NWA). David H. Bromwich, Professor, Atmospheric Sciences Program of the Department of Geography, The Ohio State University Bromwich is also Senior Research Scientist and Director of the Polar Meteorology Group at the Byrd Polar and Climate Research Center. Dr. Bromwich's research interests include the role of the Antarctic and Arctic in the global climate system using observations and modeling, and the contribution of Antarctic and Greenland ice sheets to global sea level change. He is currently Chief Officer of the Scientific Committee on Antarctic Research’s (SCAR) Standing Scientific Group on Physical Sciences, and a member of the National Research Council's Committee on “Development of a Strategic Vision for NSF Investments in Antarctic and Southern Ocean Research”. He is a member of the American Meteorological Society, the American Geophysical Union, the Royal Meteorological Society, and the Association of American Geographers. Dr. Bromwich earned his Ph.D. in Meteorology from the University of Wisconsin-Madison. Bernadette A. Minton, Professor of Finance, Arthur E. Shepard Endowed Professor in Insurance and Academic Director of the Risk Institute at The Ohio State University Fisher College of Business Dr. Minton’s research interests range from risk management to corporate governance. Her research is published in leading financial economics journals as well as the financial press. As Academic Director of the Risk Institute, Dr. Minton coordinates and leads the Risk Institute’s activities related to curriculum, research and outreach. She currently teaches risk management to Fisher graduate and undergraduate students and works closely with future finance thought leaders in her role as co-coordinator of the PhD program in finance. Dr. Minton received a BA from Mount Holyoke College, and a MA and PhD from the University of Chicago. PROGRAM AT A GLANCE WHAT: Weather Disruption and Risk Management WHEN: Thursday, November 12 10 a.m. – 2 p.m. WHERE: The Ohio State University The Blackwell Inn and Conference Center Pfahl Hall #140 2110 Tuttle Park Place Columbus, OH 43210 WHO: Senior executives and business unit leaders charged with driving growth and creating value while managing risk COST: $595 UPCOMING SESSIONS: Cost: $595 When: 10 a.m. - 2 p.m. on each date January 21, 2016 Brand and Reputational Risk in a Digital World March 30, 2016 Risk Modeling: The Past and the Future May 12, 2016 The Talent War: Managing the Talent Pipeline and Succession Planning FOR MORE INFORMATION, PLEASE CONTACT: The Risk Institute The Ohio State University Fisher College of Business riskinstitute@fisher.osu.edu fisher.osu.edu/risk