Sim Segal is president and founder of SimErgy Consulting, a firm specializing exclusively in enterprise risk management (ERM). Headquartered in Manhattan, SimErgy provides ERM consulting services to companies in all sectors, primarily in the U.S. and Canada. SimErgy also provides executive training on ERM.
With 30+ years of experience in measuring and managing risk, Segal is a globally-recognized ERM thought leader with broad functional experience, deep technical knowledge, and ERM experience in a variety of sectors, such as insurance; banking; credit cards; technology; consumer goods; biotech; telecomm; hospitality; energy; services; timberland; education and research; non-profit organizations; and government agencies. Segal is recognized as a pioneer for developing value-based ERM, an advanced yet practical approach synthesizing ERM and value-based management.
Segal is author of Corporate Value of Enterprise Risk Management (Wiley, March 2011), which is required reading on the syllabi of the Society of Actuaries (SOA) and leading universities in the U.S., Canada, the U.K., Australia, China, Italy, Croatia, and Egypt.
Segal is also founder and director of the M.S. in ERM program at Columbia University, the largest such program globally. He also serves on the Columbia University SPS Executive Committee.
Segal has authored numerous articles in publications such as Forbes, American Banker, and Corporate Finance Review and has been quoted in publications such as the Wall Street Journal, Global Finance, and National Underwriter. Segal is a frequently-invited speaker to ERM conferences and events and has made over 200 ERM-related presentations globally. He has also conducted several ERM research studies. Segal also served as host of Risk Radio, a radio show featuring discussions and interviews on ERM topics, broadcasting over 200 episodes.
Segal is active on industry committees. He currently serves as member of ASNY’s Continuing Education Committee (1997-present). He has served as member of the Joint Risk Management Section’s ERM Symposium Program Committee, jointly run by the SOA, CIA, and Casualty Actuarial Society (CAS) (2007-2016). Segal served as inaugural chair of the SOA Risk Committee, leading the design and implementation of its ERM program (2009-2011). He also served as chief editor of Risk Management, a quarterly international ERM publication (2008-2009). Segal also served as vice chair of the Canadian Institute of Actuaries (CIA) ERM Applications Committee (2012-2015).
Prior to SimErgy, Segal led ERM consulting practices at Deloitte, Aon, and Watson Wyatt. Prior to his consulting experience, Segal was an officer at MetLife, where he was a key player in the first successful adoption of economic capital by a U.S. insurer, assisting in its integration into key company processes, such as strategic planning, capital management, and pricing. Segal also led one of the internal teams to convert MetLife into a stock company.
Segal has also played a leadership role in the actuarial profession, serving as vice president, SOA Board of Directors (2009-2011); member, SOA Board of Directors (2006-2009); member, editorial Board of The Actuary, an international publication (2005-2006); president, Actuarial Society of Greater New York (2002-2003); chair, SOA Management & Personal Development Section (2002-2003); and a lead actuary, Actuarial Foundation’s Advancing Student Achievement Program (2004-2006).
Segal graduated summa cum laude from Wayne State University, with a B.A. in mathematics. He is a Fellow of Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). Segal is one of 40 ERM experts awarded the CERA for “thought leadership and significant contributions to advance the practice of ERM.”