EVM Notes—October 12, 2006

Attendees
Bob Guth (Leader), Max Rudolph, Tom Edwalds, Kevin Strobel, Cliff Angstman, Bernie Rabinowitz

Secretary for call: Max Rudolph

Web liaison: Kevin Strobel

1. The minutes from the meeting of July 11, 2006 are posted on our group's web site.
2. RMS update: The EVM Committee is willing to commit to running a session at the ERM Symposium similar to the one done in 2006 where it was a workshop format discussing various extreme events. Max will find out if the session is selected and report back. He will also confirm that speakers do not pay to attend the seminar. [Max later found out that the extreme events proposal was not accepted, so we will not be presenting that session.]
3. Paul Embrechts seminar: The group is interested in either seeing the materials from the seminar or having someone who attended participate on a further call. Max will check with Michel Rochette to see what options are possible.
4. SOA influenza research project: The project will report the life piece before year end and have continued the discussion regarding insured versus population mortality. There currently is a Delphi study ongoing to get the input of other experts on this and other issues.
5. Harry Panjer's new book, Operational Risks: Modeling Analytics, is now available. It is a survey book covering an undergraduate course. It also looks to provide a good review of statistics and introduction to copulas and coherent measures. Max is discussing with Harry to see how he would like to publicize the book.
6. ERM Risk Poll: The group is interested in helping with the Risk Poll but not with the Risk Index project. The Risk Management Section Council is meeting in conjunction with the annual meeting and Max will let the group know the outcome. [Max reported later that the ERM Risk Poll is still under consideration, but has not yet been approved.]
7. Bob reported that Wikipedia featured an article on actuaries on September 10.
8. Bob will work with Jeremy Webber to schedule the next call for November 30 at 10 am Central.