Description: This paper presents actuarial (mathematical) models for cyber breach probability as function of the level and allocations of security spending by a firm.

Description: This research report analyzes the risk associated with the use of models through the potential for model error.

Description: This research report, part of the Society of Actuaries [SOA} ‘Research Projects – Finance/Investment,’ is sponsored by the Casualty Actuarial Society [CAS], Canadian Institute of Actuaries [CIA], and the Society of Actuaries [SOA] Joint Risk Management Section Research Team and the SOA's Committee on Finance Research. This paper examines the subprime mortgage crises and related financial consequences from the perspective of the insurance industry.

Description: Full version of Risk Management, December 2006, Issue No. 9.

Description: Full version of Risk Management, July 2005, Issue No. 5.

Description: Article from Risk Management Newsletter, July 2005, Issue 5 discusses an international initiative involving leading universities and professional organizations. In the current, all-out race for “ERM leadership,” a consortium of leading universities and professional organizations worldwide has taken action to jointly sponsor the ERM Institute International, Ltd. (ERMII)—a nonprofit educational and research organization with a focus on education, research and training in the ERM conceptual framework, quantitative methods and tools, and best practices.

Description: This research paper studies catastrophe insurance pools covering losses caused by extreme weather events.

Description: This article discusses the growing exposure of ERM and where it's headed in the future. The author predicts that the ERM discipline will go deeper to reflect better the realities in our enterprises and that the science of ERM will leap forward through combining analytical skills and business knowledge, and through blending the insights of financial economics with the tools of management science.

Description: In this paper, the authors take an axiomatic approach to characterize insurance prices in a competitive market setting. Four axioms are presented to describe the behavior of market insurance prices. From these axioms it follows that the price of an insurance risk has a Choquet integral representation with respect to a distorted probability.

Description: This is the abstract of the paper entitled 'Stable Evaluations of Mixed Poisson Probabilities' by Shaun Wang. From ACTUARIAL RESEARCH CLEARING HOUSE, 1994 VOL. 1.