The IFoA believes that actuaries are strong risk management professionals. It supports and promotes a Chief Risk Officer (CRO) group made up of actuaries who are working in senior risk management roles.

Core aims

  • to provide professional support to one another in developing risk management techniques and frameworks, especially outside traditional actuarial areas
  • to enable benchmarking of practices in relation to risk management
  • to provide a discussion forum in relation to industry and regulatory issues
  • to create networking opportunities for actuaries who hold CRO or very senior risk management roles within their companies

Meeting dates and topic plan: 2021 / 2022

  • Friday 10 September: 08.15 – 09.45
  • Tuesday 30 November: 08.15 – 09.45
  • Thursday 3 February: 08.15 – 09.45
  • Tuesday 26 April: 08.15 – 09.45
  • Tuesday 5 July: 16.00 – 17.30

View the 2021-2022 topic plan >

What makes this group distinct from other CRO forums

The non-commercial nature of the group makes it distinct from other CRO groups and members have common challenges which can be discussed in a safe Chatham House Rules environment. 

Want to join the group?

Contact Dawn McIntosh providing details of your role and ARN.

Meet the Chair

Russell Gill is Chief Risk Officer of a start-up bank called Perenna, which is applying for its banking license so it can change the mortgage market. His current role covers all financial risks, non-financial risks, and ESG.

Russell has diverse first and second-line risk experience gained from senior roles in financial services firms across a number of industries. He qualified as an actuary in 2009. He is also a qualified snowboarding instructor, but finds himself on snow much less often these days, given his important parental commitments (four young children).

Russell Gill, Chief Risk Officer of a start-up bank called PerennaThe Actuarial CRO Group is a great platform for sharing knowledge and challenging perspectives with other senior risk professionals working in financial services. I have found it very rewarding and it has also provided valuable networking opportunities. The Actuarial CRO Group operates under Chatham House rules.

Meet the Deputy Chair

Wade Butlion is Head of Risk Management at RGA Reinsurance Company of South Africa. He is a qualified actuary with extensive experience in risk management and is responsible for all aspects of enterprise risk management across the company. He also holds the Financial Risk Management designation from the Global Association of Risk Professionals and is an Associate Member of the Institute of Risk Management South Africa. 

Wade Butlion, Head of Risk Management at RGA Reinsurance Company of South AfricaThe Actuarial CRO Group is a platform to share ideas and learn from other senior actuaries working in the risk management space. The nature of the group facilitates robust discussion and debate on topical issues in the risk management and wider business arenas. The group offers professional support from a diverse range of views and is a great way to benchmark practices and network with like-minded peers.


Read our case studies to find our more about CRO roles>


Contact Details

If you have any questions about a practice area, its working parties, Member Interest Groups or Board and sub-committees, please contact the Communities Team:

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Events calendar

  • Spaces available

    The Actuaries’ Carbon Collaboration (ACC) is a group of actuaries and other professionals working towards a coherent understanding of the issues around greenhouse gas (GHG) emissions by considering them in an actuarial context.

    Emissions into and absorption from the atmosphere can be modelled in the same way that we model variable cash flows, including the impacts of uncertain quantities and timing. The ACC’s work investigates both the insights that this analogy provides and its limitations.

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    This talk presents the work of the Data and Modelling workstream of the IFoA Mental Health Working Party. We explore data and modelling considerations in the risk assessment and underwriting of mental health conditions. We will also consider how newer risk factors and improved data availability might open up opportunities for additional underwriting and product designs.

  • Pensions Dashboards

    12 July 2022

    Spaces available

    As the industry prepares for Pensions Dashboards, we have lined up a specialist panel who is at the heart of the ongoing work in this area. Hear the latest developments, future proposals and have the opportunity to put forward your questions to our speakers.

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    Crisis management, the process by which an organization deals with a disruptive, sudden and unexpected event that threatens to harm the organization or its stakeholders, has become a key concern in the light of the Pandemic and Geopolitical risks.

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    Artificial Intelligence is heralded as a game-changer to the ways industries use data, with the insurance industry especially looking to embrace these new technologies. This brings many questions – not least around data privacy, ethics, potential biases and so on – with regulators increasingly interested in developments.

    Moreover, whilst the stunning progress of specific technologies such as Watson and Alphazero made headlines some years ago, current commercial applications of AI remain far from mature.

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    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

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    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.

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    The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.

  • Spaces available

    The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar.   Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity.   This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations.    Attendees will be invi

  • Spaces available

    Health contributes to happiness at the personal, family, community and societal level.  Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.