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My name is Laurie Evangel and I'm the chief risk officer of Genworth Financial and I'm responsible for all the risk management of the firm across the globe prior to that I was at Aflac and part of that I was at MetLife the key themes that I delivered yesterday. Were the very important aspects of stress testing I think it's extremely important for companies to do stress testing I think it's very important for there to be. Buy-in from the business that it be tied into your normal multi-year plans and your operating plans that it be tied into economic capital and now we're all talking about Cecil so Cecil was a big part of the discussion at this conference it has to be tied. In to that as well and it also needs to be. Tied in to how people are performance metric and frankly how they're compensated and people need to be told they have to stay within their risk appetite and their risk limits based on stress testing I was. Able to participate in an early morning breakfast yesterday with several of my colleagues it's very clear to me that the banks are head of the insurance industry on this and are working toward implementation I think everybody's highly focused on it and is in various stages of. Implementation we have a long way to go still is my humble opinion on how we get there I think it is absolutely essential so what I would leave you with our two things. You have to have the right tone at the top so you need to have the right buy-in from the Board of Directors. And from the CEO I believe that the CRO should report directly to the CEO and to the Board of Directors in order to help establish that unity and buy-in I think there should be a risk or a risk and Finance Committee. Had the board to establish that buy-in so the right tone at the top and then all of the rest of what you do with management up and down the organization is to establish that risk management. Is embedded in the DNA of the company so it comes from the bottom down up and top down so I'm. One of the few people at this conference that represent the insurance industry and so I really talked about the key differences between banks and insurance companies in terms of our liquidity risk management our liquidity risk positions. And importantly our asset liability management positions so what I would just leave you with as a simple explanation is that insurance companies have longer liabilities and assets and banks have longer assets and liabilities and so how we manage this is different but the frameworks and how we look at it and the policies and the procedures and. The processes and the buy-in and the committees are all the same and should use you.

 


Genworth Financial Company News

Mon, 29 Apr 2019 17:09:37 GMT
Genworth Financial Inc Stock as Institutional Investors Exit - Invest Tribune
<ol><li> Genworth Financial Inc Stock as Institutional Investors Exit Invest Tribune</font></li><li><a href="/url/?u=https://finance.yahoo.com/news/genworth-oceanwide-extend-merger-agreement-201000828.html" target="_blank">Genworth and Oceanwide Extend Merger Agreement Yahoo Finance</font></li><li><a href="/url/?u=https://www.richmond.com/business/local/genworth-and-china-oceanwide-extend-merger-deadline-again-this-time/article_40829c0c-b7a5-534b-b6a6-56e1dffcaf8c.html" target="_blank">Genworth and China Oceanwide extend merger deadline again — this time to June 30 Richmond.com</font></li><li><a href="/url/?u=https://newburghpress.com/2019/04/29/which-stock-will-give-more-gds-holdings-limited-nasdaqgds-genworth-financial-inc-nysegnw/" target="_blank">Which stock will give more? GDS Holdings Limited (NASDAQ:GDS), Genworth Financial Inc (NYSE:GNW) The Newburgh Press</font></li><li><a href="/url/?u=https://rocklandregister.com/2019/04/29/genworth-financial-gnw-set-to-announce-quarterly-earnings-on-tuesday.html" target="_blank">Genworth Financial (GNW) Set to Announce Quarterly Earnings on Tuesday Rockland Register</font></li><li><strong><a href="/url/?u=https://news.google.com/stories/CAAqOQgKIjNDQklTSURvSmMzUnZjbmt0TXpZd1NoTUtFUWkzaGZ2dWpZQU1FVWUtQTJnZjJzOVNLQUFQAQ?oc=5" target="_blank">View full coverage on Google News</a></strong></li></ol>
Tue, 30 Apr 2019 21:29:00 GMT
Genworth Q1 net investment income rises 1.7% Q/Q - Seeking Alpha
Genworth Q1 net investment income rises 1.7% Q/Q Seeking Alpha Genworth (GNW) Q1 adjusted operating income per share of 24 cents trails the consensus estimate of 30 cents and slipped from 25 cents in the year-ago quart.
Tue, 30 Apr 2019 07:00:00 GMT
Genworth and China Oceanwide Push Deal Deadline Back - ThinkAdvisor
Genworth and China Oceanwide Push Deal Deadline Back ThinkAdvisor Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. have announced a 10th deal completion deadline extension. The new extension will ...
Tue, 23 Apr 2019 07:00:00 GMT
Genworth Financial (GNW) Earnings Expected to Grow: Should You Buy? - Nasdaq
Genworth Financial (GNW) Earnings Expected to Grow: Should You Buy? Nasdaq The market expects Genworth Financial (GNW) to deliver a year-over-year increase in earnings on lower revenues when i t report s results for the.
Wed, 17 Apr 2019 07:00:00 GMT
May 31st Options Now Available For Genworth Financial (GNW) - Nasdaq
May 31st Options Now Available For Genworth Financial (GNW) Nasdaq Investors in Genworth Financial, Inc. (Symbol: GNW) saw new options begin trading today, for the May 31st expiration. At Stock Options Channel , our YieldBoost ...
Thu, 09 May 2019 12:12:00 GMT
Poor future performance Ahead on Genworth Financial, Inc. (GNW) - Wall Street Morning
Poor future performance Ahead on Genworth Financial, Inc. (GNW) Wall Street Morning Genworth Financial, Inc. (GNW) the traded price of the stock is downswing on trade volume of 1 million in last Session. The clocking price of the share is $3.77 ...
Wed, 08 May 2019 13:14:32 GMT
Genworth Financial (GNW) projected to achieve -68.00% earnings growth for this year - Wallstreet Investorplace
Genworth Financial (GNW) projected to achieve -68.00% earnings growth for this year Wallstreet Investorplace To gauge your chances of picking a winning stock, take a close look at its fundamentals, especially its earnings-per-share growth. Earnings per share are ...
Thu, 25 Apr 2019 07:00:00 GMT
Volatile Movements: Genworth Financial, Inc. (NYSE:GNW), Shineco, Inc. (NASDAQ:TYHT) - Stocks Equity
Volatile Movements: Genworth Financial, Inc. (NYSE:GNW), Shineco, Inc. (NASDAQ:TYHT) Stocks Equity Genworth Financial, Inc. (GNW) with the stream of -2.08% also noticed, India Shineco, Inc. (TYHT) encountered a rapid change of 10.92% in the last hour of ...
Thu, 09 May 2019 03:02:00 GMT
CMF Value Holding Below Zero For Genworth Financial Inc (GNW) - WallStreet.org
CMF Value Holding Below Zero For Genworth Financial Inc (GNW) WallStreet.org Genworth Financial Inc (GNW) is seeing negative money flow as the Chalkin (CMF) indicator is holding below the zero line. The Chaikin Money Flow Indicator is ...
Wed, 10 Apr 2019 07:00:00 GMT
Genworth Financial, Inc. (GNW): The Fundamentals Have Changed - Financial Mercury
Genworth Financial, Inc. (GNW): The Fundamentals Have Changed Financial Mercury Shares of Genworth Financial, Inc. (NYSE:GNW) recorded -2.77% loss during trading session on April 9th, 2019. The script traded as low as $3.86 and last ...