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Shayne Kavanagh Carolyn Kousky

Best of Both Worlds: Complementary Roles for Commercial and Self-Insurance

A Workshop by Shayne Kavanagh and Carolyn Kousky

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About this Workshop

Navigating the world of risk management and insurance? Join our workshop at RAW2023 where we'll offer a clear, straightforward breakdown of risk transfer strategies:

  1. Combining Commercial and Self-Insurance: We'll explore the balance between transferring risk via commercial insurance and retaining it through self-insurance, highlighting the benefits of integrating both.
  2. Local Governments & Natural Catastrophes: We'll use this real-world example to illustrate how various entities manage risk, providing insights that can be applied across sectors.
  3. Weighing the Costs: Dive into a practical discussion on the cost-effectiveness of insurance, considering different risk scenarios and their financial implications.
  4. Finding the Right Fit: Not all insurance solutions are one-size-fits-all. We'll discuss how to determine the best point for commercial insurance based on your organization's specific needs and financial health.
  5. Monte Carlo in Excel: We'll simplify Monte Carlo simulations for you, showing how you can use this method in Microsoft Excel to quantitatively analyze risk scenarios.

Join us for a session filled with actionable insights and tools to enhance your risk management strategy. Register now and add another tool to your risk management toolkit!

10 October 2023, 03:00 PM

03:00 PM - 04:00 PM

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About The Speakers

Shayne Kavanagh

Shayne Kavanagh

Senior Manager, Research, Government Finance Officers Association

Shayne is the Senior Manager of Research for GFOA and has been a leader in developing the practice and technique of long-term financial planning and policies for local government.

Carolyn Kousky

Carolyn Kousky

Associate Vice President for Economics and Policy, Environmental Defense Fund

Carolyn Kousky is Associate Vice President for Economics and Policy at Environmental Defense Fund. Dr. Kousky’s research examines multiple aspects of climate risk management and policy approaches for increasing resilience.