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Objectives, Teams & Activities
OBJECTIVES
The Section's primary objectives for the current year are:
- Increase level of communication and interaction with Section members.
- Expand ERM educational opportunities for Section and SOA members,
especially in areas where we have not traditionally had training, such as
operational risk and credit risk.
- Continue to foster risk management research.
- Support the Society's initiatives in promoting the Actuarial profession as
risk managers.
The Section has organized as follows with Section Council
responsibility for each of the major areas of activity. Organizing into teams
allows us to leverage member involvement and distribute the work among a larger
base. A brief description of each of the Team activities is presented below.
- SECTION TEAM
- Team Coordinator
- Membership Value
- Dave Ingram
- Communication & Publications
- Ken Seng Tan
- Newsletter Editor
- Ken Seng Tan
- Assistant Editor
- Ronald J. Harasym
- Program Committee Representatives
- Tony Dardis (Spring)
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- Hubert B. Mueller (Annual)
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- Valentina A. Isakina (ERM Symposium)
- Web Coordinator
- Dan Guilbert
- Investment Section Liaison
- Anthony Dardis
- Continuing Education
- Hubert Mueller
- Basic Education
- Dave Ingram
- Risk Management Research
- Fred Tavan
- Marketplace Relevance
- Doug Brooks
- Professional Community Advancement
- David Ingram
ABOUT OUR SECTION'S TEAMS
Membership Value Team
Activities for the Team involve designing ways to identify and address the needs of
members including revision/incorporation of the section's website, member outreach,
member research, and volunteer recruitment/management.
Communications and Publications Team
The role of this team involves defining and executing communications with Section
members. This includes the Risk Management newsletter, website redesign and content.
The team plans to focus on establishing additional communication outlets.
Newsletter Team
Risk Management, the Section newsletter is fast becoming a well recognized
publication. We are seeking to establish a separate team to implement the quarterly
publication. The team approach allows for a better distribution of work and more
creativity. If you would like to contribute, please let us know.
Continuing Education Team
Activities for the CE team involve planning the ERM Symposium, GARP Convention, SOA
Annual and Spring meetings, Valuation Actuary, Actuarial Research Conference,
International Actuarial Association meetings, Section-sponsored seminars and web
casts, and co-sponsored seminars with outside groups.
Basic Education Team
Activities for this team involve assessment of the coverage of Risk Management
topics on SOA exams and providing revision suggestions, assessment of the new ERM
credential and providing revision suggestions, assessment of the educational
redesign coverage of ERM/RM topics and providing revision suggestions, working
with the SOA E&E department on connecting to the Education committees, and
providing guidance on ERM and RM content.
Risk Management Research Team
The Research Team primarily focuses on overseeing the Section's research
activities, conducting assessments of existing activities, identifying new
activities and prioritizing research initiatives. This team is independent of the
more specific initiative-related research committees but provides support and
direction to them. Of course, we continually seek participants in each of those
committees as well:
- RESEARCH COMMITTEE
- Committee Chairperson
- Enterprise Risk Management and Best Practices
- Larry Rubin
- Extreme Value Models
- Bob Guth
- Policyholder Behavior in the Tail
- Jim Reiskytl
- Risk Metrics
- Fred Tavan
- Risk Preference
- David Rhuyz
- Integration of Risk Models
- Ken Seng Tan
- Standard Risk & Risk Management Terms (CAS)
- Shawn Doherty
- Operational Risk Management (CAS)
- Kip Bohn
- Health Risk Management
- John Stark
- Credit Risk
- Dave Ingram
- RBC Covariance
- Jim Reiskytl
- Dynamic Financial Condition Analysis Handbook
- Jim Reiskytl
Marketplace Relevance Team
This team seeks to promote/market actuaries as risk professionals, potentially by
conducting market research or risk management surveys of practices.
Professional Community Team
This team works to enhance opportunities and increase visibility through
relationships with other organizations. Activities for the team may include:
establishing liaisons/links to other areas of practice (health, pensions,
casualty); risk management community outreach (GARP, PRMIA, IAFE, CFA Institute,
etc); international relations (global actuarial community and beyond); academic
relations; etc.
International Network of Actuarial Risk Managers (INARM)
This team will focus on members of the actuarial organizations around the world, as the SOA sections are membership organizations. The main purpose of the affiliation would be to advance the quality and effectiveness of actuarial practice in the area of ERM through strength of
numbers which will allow us to develop the critical mass to compete with
other (non–actuarial) organizations that are or will become global.
The purpose will be supported by sharing of learning's and experiences,
by joint research and publication and of mutual support, (e.g. in developing
and conducting joint seminars and sharing of speakers from the countries
involved.) Mutual support includes recognizing that there are more similarities
than differences in the ERM problems that we face around the world.
JOIN US!
If you have an interest in participating in any of these teams please contact any
Risk Management Section Council member.
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