Description: Interview with Mike Smith, chief risk officer of ING U.S. Insurance Solutions unit.

Description: A report on the SOA Board's Executive Committee's discussions and and resolutions in response to the Manhart case.

Description: Discusses the pricing issues that, if handled successfully, pave the way for a solid statement of actuarial opinion: coordinating pricing and valuation roles, communicating product specifications, setting mutually acceptable assumptions, reflecting risk in pricing and valuation, coordinating investment policy and interest-crediting policy, and anticipating a volatile economic environment. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: February issue of The Stepping Stone

Description: In this essay, we focus on the “Prospective Solvency Assessment” aspect of the NAIC’s ORSA. This places a spotlight on an insurer’s strategic decision making from a risk and capital management perspective. It requires those in senior management to describe actions they would take to address possible adverse changes in their risk and solvency position, i.e., what they would do to reduce risk, increase capital, and/or adjust the business strategy. We contend that by applying a slightly broader scope than the specific requirements of the NAIC’s ORSA, insurers can develop this into a valuable process to support risk-based decision making. In this essay, we initially consider how to determine which metrics to include in such a process and then discuss some important business requirements and practical challenges for implementing a calculation approach to support it. Part of the essay collection "Risk Metrics for Decision Making and ORSA"

Description: Actuaries should make the effort necessary to make a real contribution to business and public policy.

Description: Discussion of the need to find a balance between work and career and tips on how to achieve it.

Description: The Wells Fargo case highlights the importance of creating and preserving documentation establishing actuarial and legal foundations for return positions.

Description: Summary of recent SOA-sponsored research on Enterprise Risk Management practices as applied to health insurers, self-insured plans, and health finance professionals.

Description: Responses to the previous issue’s Actuarial Ethicist case study where a new CEO questioned the conservative nature of the chief actuary's LTD claim reserves.