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Contracts: uncovering the potential risks

28th June 2017 14:00 – 17:00

Travelers offices

Workshop overview:

In today's fast moving business environment, contract risk is an area that can often be overlooked. The risks are varied and evolving, and they are embedded into everyday business activities, so it is crucial for risk managers to know the causes of these risks so that they can be monitored and mitigated against.

Our Airmic workshop will explore the following areas:

  • What are the types of risks we see in contracts?
  • What are the typical mistakes we see and what are the causes?
  • What is the impact of the 'human' factor and what can we learn from this?
  • What’s next? Risk exposers for artificial intelligence

To put the knowledge into practice, we will also be running a practical session to give risk managers the opportunity to review contracts and uncover planted errors! The session will be following by a group discussion.

Who should attend?

  • You will be interested in this workshop if you report to senior/executive management and have decision-making responsibilities.
  • You will be interested in this workshop if you are a risk or insurance manager with some experience with contract risk but wish to enhance and develop your understanding on this topic.
  • You will be interested in this workshop if you are relatively new to risk and insurance management (with less than 10 years' experience) and wish to improve your understanding of this topic.

Learning outcomes:

  • Typical mistakes we see, what are the causes, impact to the business
  • What is the impact of the ‘human’ factor and how can we learn from this
  • Practical session to review and spot errors in contracts
  • What's next - looking at risks associated with artificial intelligence

Attendees should be prepared to talk about:

  • Sharing their own experiences of contract risk exposers
  • Providing examples of cases - what were the risk exposures/what impact did it have on the business/how was it managed

Presenters

  • Paul Smith, senior risk management consultant
  • Sophia Kashmiri, senior solicitor, Wordings
4 places available
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Location
33 St Mary Axe
London, EC3A 8AG