My guest for Episode 102 is Monica Shokrai, FCAS, MAAA, Head of Business Risk and Insurance for Google Cloud. The theme for the episode is 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 - 𝗣𝗮𝗿𝘁 𝟯. Monica and I covered the following topics:⁣ ✅ The risk management landscape for individuals and businesses ✅ Working in various risk management roles at Google ✅ Specific examples of risk management projects  ✅ The cloud and its relevance for business  ✅ Security tradeoffs between on-premises and cloud  ✅ How actuaries are involved with cyber risk quantification  ✅ InsideOUT data services and its connection to the cloud  ✅ How technology is being used to add value in risk management  ✅ How actuaries are helping tech companies innovate  ✅ Keys to effective cross-functional collaboration for actuaries in tech  Time Markers 2:06: Risk management in simple terms, downside and upside considerations, and holistic frameworks.  4:57: The risk landscape today (cyber, AI, climate and emerging risks) and the heightened rate of change. 7:39: Insuring and transferring Alphabet’s risks, shaping contract terms and product development, and leading actuarial team. 12:42: Insurance purchasing decisions, getting business units to implement risk controls, and developing competitive intelligence. 17:02: Applying actuarial principles to improve modeling that drives business decisions beyond insurance purchasing. 22:12: The cloud, cloud-based applications (Google Cloud, Workspace, Chrome) and security implications. 25:17: Security trends that drive cloud adoption (implementing high-end security features and developing a stronger digital immune system). 28:55: Risks that companies encounter when adopting cloud solutions (reliability, third-party risks, and data residency). 31:18: Cyber risk quantification (frequency, severity, Monte Carlo simulation, and score framework).  34:40: InsideOUT data services (using metrics from a company’s cloud environment to rate and underwrite cyber insurance).  39:01: Using technology to help with underwriting (AI-powered security cameras for casualty insurance).  41:15: Helping businesses improve quantification, using analytics to support sales, and putting numbers behind cloud vendor security.  43:51: The importance of risk models in measuring effectiveness of technology.  47:23: Working with legal and finance and the importance of shifting perspectives.  If you are seeking to understand the intersection between risk management and technology, you want to listen to this. My Website: maverickactuary.com