Description: Initiated by the Financial Reporting Section, this paper explores rising interest rates. Following this path, the paper will look at implications of interest rate changes for the life insurance industry, current stress testing practices, and how a risk manager can proactively prepare for an uncertain future. A paper published in 2014 focused on why rates could stay low, and some aspects of this paper are similar (e.g., description of insurance products). This paper also uses a sample model office to help practitioners look at their own exposures. It includes typical interest-sensitive insurance products and how they might perform across various scenarios, as well as a survey to establish current practices for how insurers are testing interest rate risk currently.

Description: An opinion about the consolidation of actuarial organizations.

Description: This is a summary of the 2005 ERM Symposium. From Risk Management Newsletter, July 2005, Issue No. 5.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: The goal of this paper is to examine similarities between value investing and enterprise risk management (ERM) methods.

Description: This is a research report describing the results of an Emerging Risks Survey that asked members of the International Network of Actuarial Risk Managers [INARM] about emerging risks that will have the greatest impact over the next few years. They were also asked by modeling techniques and future spending on risk management.

Description: The goals of this project are to describe the impact on assets and liabilities if nominal interest rates remained low for an extended period of time. In addition, several other questions were considered that provide insights to the reader: • Is a long-term low interest rate scenario possible? • What could cause a long-term low nominal interest rate scenario and should this be presented to management? • What strategies should insurers and others providing oversight consider in response to an extended low interest rate scenario?

Description: SOA sponsored research tackled potential low-interest-rate scenarios. This article is based on findings in the report but does not mirror the report with regard to content as it looks at the interest rate impact on assets, liabilities and their interactions. Potential drivers of low rates are identified, along with risk management recommendations for insurers and regulators. These drivers include demographics, behavioral responses to the economy, environmental costs and changes to the economic landscape.

Description: The Joint Risk Management Section conducted its fourth survey of emerging risks in fall 2010 in light of the BP oil spill which brought the impact of various risk combinations to the fore.

Description: This article discusses the results of the annual survey.