Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.

Description: This article discusses challenges that short-term predictions have on actuaries' reputations, both as individuals and as a profession, and discusses strategies to improve our professionalism and better manage this risk.

Description: This article discusses the lessons the author learned from the book The Advantage by Patrick Lencioni on the value of organizational health.

Description: Accomplishments of the past year and a look at initiatives for the year ahead.

Description: The chairperson reports on Health Section activities: papers by the joint workgroups with the AAA's Health Practice Council to inform the public and congressional staff, papers on capital requirements under proposed health care reform and on proposed taxing of Cadillac plans, new research on IBNR reserving methods and on measuring the quality and efficiency of health care delivery systems.

Description: Chairperson's Corner - introduces the issue and the SOA's initiative on diversity, as well as introduces Murnighan's diverse approach to leadership. Do Nothing! is the first of a three part series focused on J. Keith Murnighan's book "Do Nothing!" and discusses balancing working vs. leading, how to succeed as leader by counterbalancing challenges, and to best manage a team.

Description: Article On Making Ourselves Useful In Our Communities by Moorhead in The Actuary, June 1979, Volume 13, Number 6. Gasoline conservation.

Description: Metadata for entire issue

Description: Discusses the influence of actuaries in particular state policy issues.

Description: Personal highlights of a pension actuary's 10 years with the U.S. Social Security Administration and Senate staff, applying his experience and skills to emerging issues. He recommended that the Thrift Savings Plan for federal employees use index funds for common stocks, giving employees an attractive way to invest while keeping politics out of stock selection.