Description: This article discusses new developments on the regulatory front. Under the new agreement, insurance company management and boards will be required to issue a statement that reflects their judgment about the firm’s viability, including its capital adequacy. The required opinion will have five elements - identifying risks, measuring risks, a risk feedback loop, a risk tolerance statement, and a risk policy.

Description: This is a table from an article in The Actuary Magazine entitled An Analysis of Risk Management Terminology - Your guide to speaking ERM with different industries.

Description: A discussion of the pillars required to build the needed paradigm for insurance company risk management. From The Actuary Magazine April 2005

Description: Article discussing the use of enterprise risk management in the health care industry.

Description: Part 2 of a six-part series on the evolution of risk management continues with this article on dynamic financial analysis.

Description: Final installment of a series on the evolution of risk management with a close look at high profile failed corporations.

Description: In July 2007, Mike McLaughlin, FIA, FSA, MAAA, became one of the first individuals to add a new credential from the Society of Actuaries after his name: CERA. Short for Chartered Enterprise Risk Analyst, the CERA is the first new credential from the SOA since it was formed in 1949. While the development of this new international credential was the work of many members over the past few years, McLaughlin was at the helm. From The Actuary Magazine October 2007

Description: The articles discusses how Principles-based approaches PBA to setting reserves and capital can be combined with Enterprise Risk Management to create a competitive advantage for an insurance company. Those companies can leverage these models by combining unique risks and strategies to measure and manage risk.

Description: This article discusses the state of risk management practice in the banking industry in the Middle East. Risk management in the Middle East is complicated by data quality problems and corporate governance issues.

Description: This roundtable discussion focuses on to what extent the life insurance industry has adopted ERM practices.