Artificial Intelligence: Opportunities and Threats for Risk Managers

Marco Folpmers is a partner for financial risk management with a focus on credit risk at Deloitte NL. He has more than 20 years of experience in financial risk management. Marco earned a Ph.D. from Free University Amsterdam and was a professor at Tilburg University and TIAS Business School. He writes the Credit Edge column for the GARP publication Risk Intelligence.

Astrid Jäkel has almost 20 years of experience in the European and global insurance sectors. She joined Aegon from the international management consultancy Oliver Wyman where she was a partner in the European Insurance and Asset Management Practice, co-leader of the European Insurance Financial Effectiveness team, and a member of the Board of Oliver Wyman's Swiss subsidiary. Her consulting work focused on high-impact risk, capital, asset-liability, and investment management topics. Ms. Jäkel worked with leading European and global insurers on a broad range of projects to help transform and optimize their risk and balance sheet management capabilities for market, credit, insurance, and non-financial risks.

Jovanka Lukic is the team lead of Innovations & Projects Model Validation at ABN AMRO Bank. Her team is responsible for validation of the AI models used within the bank, climate risk, and IFRS9 models. They are also involved in setting up governance for all new types of models at the bank. Jovanka joined ABN AMRO in 2012 in market risk. Previously she was in energy trading. Jovanka studied physics and earned a Ph.D. in Statistical Mechanics from University of Rome “La Sapienza.” As a researcher she collaborated with universities in France, Germany, and Spain.

Laszlo Matyas serves as the Head of Financial Risk Management at Aegon International. In this role, he has established and overseen financial risk governance in nine different country units, including emerging markets. Laszlo is committed to cross-cultural leadership and effective risk management practices across diverse countries. Before joining Aegon, he gained experience in corporate finance and valuation at Morgan Stanley and KPMG. Laszlo is a CFA charterholder and member of GARP.

Bart Rikkert has spent the last ten years with Aegon establishing and expanding model validation. He currently leads the Aegon Global Model Risk & Validation team and was part of the validation of Aegon’s Solvency II internal models for the Netherlands and the U.K., the expansion of model oversight and controls to prepare for IFRS17, and the regular use and development of these models. Currently he is overseeing the further development of both model risk management and model validation to better manage new situations both internally and externally, with a specific focus on new regulations, capital requirements, and Artificial Intelligence. Prior to joining Aegon, Bart was head of model validation at Dutch bank and insurance company SNS Reaal where he established the validation function and facilitated the initial Basel II approval.