1. Good Morning FIN 230
Jeff Myers

2. Are You Ready 2
FIN 230

3. Morning Presentations

4. Smile

6. Risk Management
What are we doing today?

7. Risk

8. Risk Management…
……is the process of planning, organizing, leading and controlling an organization’s activities to minimize (in a cost effective manor) the adverse effects of accidental losses on the organization

9. Risk Management
or…….
‘taking deliberate action to shift the odds in your favor. Increasing the odds of a good outcome and decreasing the odds of a bad outcome’

10. How Many?

11. Insurance…………… Critical component of dealing with risk
In some cases, a legal requirement
Most cases, a smart thing to do
Bankers will require it

12. Insurance……………... Property and Boiler Liability Directors & Officers
Nuclear
Employee Benefit Plans
Workers Compensation
Health/Medical/Life

13. What Do We Worry About?

14. Nature

15. Today’s Plan - 4W Plan
Who
What
Where
Why
and ……..

16. Today…….. Who I am and how did I get here.
What do we do and why is it important.
Where does it fit in this business...
Why is it important
and a few tips for the………...

17. WHO….. Husband, Father, ……. Deputy Fire Chief Professor (Fin 433)
Safety and Risk Manager

18. Why the 2

19. Ameren…. Gas and Electric Utility $17 billion in assets 10,000 people
17 power plants
2,300,000 electric customers
900,000 gas customers
10,000 people
Energy Delivery Business

20. How did I get there? Substation Unskilled Labor Dispatcher Engineer
Specs/Purchasing
Safety
Facilities Mgr.
Risk Mgmt.

21. Why is it important? Protect organization and it’s people
Help companies grow
Minimize losses and disruption
It’s just good business

22. Where do we fit in …….
Corporate risk (pure risk)
Other risks

23. Insurance……………... Property and Boiler Liability D&O Nuclear
Employee Benefit Plans
Workers Compensation
Health/Medical/Life

24. Insurance Industry Opportunities…….
Jobs
Companies

25. A few tips for the future

26. FIN 433……
INTERESTING
FUN
CHALLENGING

27. MYERS LAWS OF RISK Don't risk a lot for a little
MYERS LAWS OF RISK Don't risk a lot for a little. Consider the odds of an occurrence. Accurate and timely information is critical to making good decisions. Risk Control works and it’s very important. Never depend solely on someone else's insurance. Risk taking presents an opportunity for economic gain. Verify the accuracy of all relevant information you receive. Common sense is still the single most important ingredient in risk management! Don't risk more than you can afford to lose.

28. Thank You
Don't risk more than you can afford to lose.