Radical changes in our Physical, Political, Economic and Social systems have been and will continue to buffet humanity. Every so often the combined result is a major change of regime in which new patterns for each of these systems develops and persists for some time creating a new normal. The speakers will make the case that this is coming in our world and suggest that this topic needs to be on our lists for both Enterprise Risk Management scenario planning and for corporate strategic planning.
In this session the speakers will provide several examples of past Regime Changes and how they have impacted the world, along with a detailed discussion of how recent disruptions can lead toward a persistent change in the business, social and political environment. Come develop an understanding of these drivers of change as well as the likely impacts on the Financial Services industry, as well as how we as actuaries might prepare to respond within the business sectors that we serve.
Learning Objectives:
Learning about recent and historical regime changes
Definings aspects of historical and recent potential factors that contribute to regime changes.
Demonstrate considerations in adapting to the potential regime changes.
