Build it once and reuse it everywhere… the Uncertainty Power Plant

Frequently, risk models are created by organizations to target a narrow set of decisions. However, there is an opportunity to use these same models to power other decisions around the enterprise.

We will walk though how Highmark Health created a unique capability to measure various risks (amount of risk taken against net assets), that can be leveraged as a power plant for other decisions in the enterprise.

Illustrative examples will include:

• How many people will we need for our call centers?

• Should we move forward with a new business venture?

We believe this is the future of risk management, creating a library of risk models that can be used by anyone in the organization with centralized quality control.