Part 2–Systemic Risk, Financial Reform, and Moving Forward from the Financial Crisis

Systemic risk is the risk of the collapse of an entire financial system or market as opposed to risk associated with any one individual entity. Risk systems consist of social institutions, laws, processes and products designed to facilitate the transfer, sharing, distribution and mitigation/hedging of risks between various buyers and sellers. Historically, these risk systems are rarely analyzed in a manner that looks at the ability of the system to survive extreme risk events and still carry out their function–creating an ongoing market for the exchange of risk.

(Published January 2011)

Visions for the Future of the Life Insurance Sector
There are many challenges and opportunities that face the life insurance sector. While there is no one perfect vision of the future, actuaries can provide insightful views that meet the challenges and maximize the opportunities. Their deep understanding of the complexities and the risks uniquely enables them to envision the future. The SOA is pleased to share this collection of essays written about the future of the life insurance sector.

(Published November 2009)

Visions for the Future of the U.S. Health Care System
Health care reform provides an excellent platform for actuaries to demonstrate the contributions they can bring to the discussion table. The SOA is pleased to share this collection of essays as the debate over key health issues continues.

(Published June 2009)

Risk Management: The Current Financial Crisis, Lessons Learned and Future Implications
In partnership with the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA), the SOA is pleased to share a collection of essays written on the current financial crisis, lessons learned and future implications.

(Published December 2008)