Wed 22 Oct 2025 - Risk lies at the heart of most actuarial work and actuaries like to model risk. However, risk, uncertainty, and deep uncertainty are fundamentally distinct; not all uncertainty is quantifiable. Deep uncertainty arises in nonlinear systems, driven by complexity, unknowability, and interdependent dynamic variables. In such environments, shocks can accelerate through feedback loops, amplify across domains, and cascade systemically. As extreme and unprecedented events become more frequent, the limitations of legacy risk models are increasingly exposed.
Please join us in this discussion, organised by the Risk Management Lifelong Learning Committee, where Roger Spitz will examine the nature of deep uncertainty and systemic risk, and discuss adaptive and anticipatory frameworks that can help rethink how we model, manage, and respond to systemic disruption in an unpredictable world.
Articles:
, Journal of Operational Risk (Risk.Net)
Speakers:
Mike Clark (Chair)
Roger Spitz
| Members | |
| Non-members |