Q&A: Aviva on op risk management, modelling, and conduct

Insurer’s head of op risk and Oric chairman promotes holistic approach


When Michael Sicsic became Aviva’s group operational risk director in 2012, he set about instilling across his team both quantitative and qualitative methods and was keen to learn from banks’ experience with modelling operational risk.

This should put Aviva in good stead ahead of the implementation in 2016 of the Solvency II directive, which guides European Union insurers on how to manage their risks and how to calculate the appropriate amount of capital.

In an interview with Risk.net, Sicsic

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