Michael Steel

General Manager
Michael Steel is General Manager at RMS. Michael joined RMS in 2016 to bring innovations in modeling and technology to solve the key risk management challenges faced by insurers. He has more than 30 years’ experience in risk and capital management gained in the insurance industry. Prior to RMS, Michael was the Group Chief Risk Officer at AXIS Capital, following a career in reinsurance broking, including 12 years at Benfield (now Aon Benfield) where he led the ReMetrics team in addition to leading teams in the development of innovative solutions in the reinsurance and capital markets. In addition to his role with RMS, Michael serves as an Independent Non-Executive Director on the board of Allianz Re Dublin dac. Michael previously served as an Independent Non-Executive Director on the board of Berkshire Hathaway’s international business, as an Appointed Director on the Casualty Actuarial Society, and as Chairman of the Geneva Association’s CRO Network. He holds a bachelor’s degree with honors in statistics and mathematics from Brunel University.

Sessions by Michael Steel

02:00 PM - 02:35 PM
Innovation in Action Track: Islander E 

Ask Me Anything: Shaping the Industry’s Response to Climate Change with Data and Analytics Presented by McKinsey & Company 

The transition to net-zero emissions will be the greatest reallocation of capital in history, creating opportunities for the insurance industry to underwrite society’s response to climate change. At the same time however, climate change is challenging the industry’s established models of assessing physical risk. Moderator Deniz Cultu will discuss how the sophisticated use of data and analytics will enable more effective decision-making in the face of both challenges with guests Rakhi Kumar of Liberty Mutual and Michael Steel of RMS.  

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