Forums & Workshops


Addressing Uncertainty in Board Decision Making

Forums Manager
15:30 - 18:00
The Old Library, Lloyd's, One Lime Street, London, EC3M 7HA


Effective management of uncertainty can lead to better, more informed decisions. However many decision makers and their advisors do not always face up to uncertainty, in part because there is little constructive guidance or tools available to help. Six Uncertainty Principles to manage uncertainty are proposed. These follow extensive work by an IFOA* Working party over a five year period. The human aspects of decision making under uncertainty are relevant to Boards especially.


Speakers will include The Master, Dr Terry Masters, Non-Executive Director of Faraday, Berkshire Hathaway’s Lloyds Operation and Chairman of Audit and Risk Committees.
IFOA : The Institute and Faculty of Actuaries

Key Learning Objectives:

  • The failure to face up to issues surrounding uncertainty is a threat to good decision making.
  • Six high level Uncertainty Principles for consideration in supporting, making, or critiquing decisions.
  • Explaining and understanding uncertainty for experts and decision makers.
  • Exploring Insurance related case studies, highlighting situations where there is a high level of ‘unknowability’.
CPD Hours:
This accredited iNED Forum qualifies for 1.5 hours CII / PFS CPD

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Booking Fee:
£50.00 (including VAT)

The Old Library, Lloyd's, One Lime Street, London, EC3M 7HA

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